Auricularia cornea, jelly mushroom, is a popular ingredient of traditional Chinese cuisine. This study aimed at evaluating the growth, yield, biological efficiency, total phenolic and flavonoid contents, the antioxidant activity, elemental composition, and molecular structure of the wild and domesticated strain Ac24 and the commercially cultivated edible mushroom A. cornea strains Ac1, Ac3 and Ac15. Based on the weight of the fresh fruiting bodies of A. cornea strains, the maximum yield was obtained from commercial strain Ac1 (237.10 g), followed by Ac3 (224.47 g), Ac15 (158 g) and Ac24 (132.37 g), while the biological efficiency range of A. cornea strains was 52.94–94.84%, with significant differences among the A. cornea strains. Our results revealed that Ac24 contained the highest phenolic content (20.10 mg GAE · g−1), while the highest flavonoid content was found in Ac1 (35.13 mg CE · g−1). The maximum mineral contents and the strains were as follows: copper (7.2 mg · kg−1) and zinc (310 mg · kg−1) in Ac1, manganese (788 mg · kg−1) in Ac3 and iron (310 mg · kg−1) in Ac24. DPPH assay found maximum antioxidant activity in Ac24 (IC50 0.233 mg TX · mL−1), FRAP (591 mg TX · g−1) in Ac15, and erythrocyte haemolysis in Ac24. SEM-EDX and FTIR analyses verified the differences among A. cornea strains. The results revealed that wild, domesticated A. cornea strain Ac24 is a promising dietary source of natural antioxidants and is of high nutritional value, compared to commercially cultivated strains.
