TikTok owner ByteDance is the number one startup to work for in China, as revealed by LinkedIn's latest report on top companies. Analysts believe the results aren't surprising as the tech startup continues to tread the road to glory.
According to CNBC, ByteDance topped LinkedIn's trusted list as it now has a workforce of 50,000. The firm has different business arms including news site Toutiao and its machine-learning units.
Over the past years, the internet technology company has been gaining the interest of industry analysts and investors. It is also fast-becoming a favored company to work with not just in China but in other parts of the world.
The LinkedIn list for 2019 is followed by DiDi Chuxing, the ride-hailing business that is now working on autonomous driving projects. Based in Beijing, DiDi is also working on e-bikes and other modes of transportation.
Bitmain bagged the third spot for job-seekers in China. The startup works on custom designs for various bitcoin mining machines. The firm is also known for accepting applications even for unsolicited submissions.
In fourth place, Shanghai-based YITUTech's AI business has supported many sectors around the world. It offers facial recognition technologies to medicine companies, retail stores, financial institutions, and more. The startup is currently in search of reliable R&D specialists for Beijing and Shanghai projects.
The fifth spot went to Momentai.ai, the autonomous driving startup that was recognized in 2018 as the country's first unicorn in the segment. It is being supported by one of China's leading tech giants, Tencent.
Here is are the startups that took the sixth to tenth places respectively: business-centric AI firm 4Paradigm, auto expert WM Motor, AI chip leader Cambricon, AI technologies provider Horizon Robotics, and risk-management leader Tongdun Technology.
Some companies in the top 20 are LinkDoc Technology, Lilith Games, Lixiang Automotive, Geek+, Ubtech Robotics, Keep, Heytea, and Sunmi Technology.
LinkedIn said in its report that startups considered in the 2019 list had to be seven years or younger, listed privately, and have no less than 50 employees. The criteria included the ability to get new talents, growth in terms of employment numbers, and management of workers.
Meanwhile, LinkedIn's top startup to work for in China for this year continues to preserve the growth that it has been displaying over the past years. As part of its efforts in this regard, the company CEO of Jinri Toutiao, Chen Lin, will now focus on new business units.
The firm is looking at a new app that is expected to have 100 million active users on a daily basis. More details about the third app are expected to be revealed sometime next year.
