In Shenzhen, many creative startups are changing different industries. This list shares the top 21 unicorns in Shenzhen, each worth more than $1 billion. These leading companies are changing areas like, fintech, e-commerce, AI, etc, making Shenzhen a center of innovation. Learn about the amazing companies that call Shenzhen home.
List of Top 21 Unicorns in Shenzhen
1. SHEIN
A Chinese fast fashion e-commerce platform that offers clothing, shoes, and accessories.
Company Details:
- Country: China
- Valuation: $15B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2008
- Total Funding Raised: $553.36M
- Joined Unicorn Club: 7/3/2018
- Key Investors: Tiger Global Management, Sequoia Capital China, Shunwei Capital Partners
- Total Investors: 8
- Total Funding Deals: 3
- Website: https://www.shein.com/
2. DJI Innovations
A Chinese technology company that specializes in drones, gimbals, and aerial imaging.
Company Details:
- Country: China
- Valuation: $15B
- Industry: Hardware
- Founded Year: 2006
- Total Funding Raised: $1.135B
- Joined Unicorn Club: 1/23/2015
- Key Investors: Accel Partners, Sequoia Capital
- Total Investors: 7
- Total Funding Deals: 3
- Website: https://www.dji.com/
3. HEYTEA
A Chinese tea beverage company that specializes in providing high-quality tea products to customers.
Company Details:
- Country: China
- Valuation: $9.28B
- Industry: Other
- Founded Year: 2012
- Total Funding Raised: $579.23M
- Joined Unicorn Club: 7/1/2019
- Key Investors: Sequoia Capital China, Tencent Investment, BA Capital
- Total Investors: 13
- Total Funding Deals: 3
- Website: https://www.heytea.com/
4. Royole Corporation
An American technology company that designs and produces flexible displays, foldable smartphones, and other consumer electronics.
Company Details:
- Country: China
- Valuation: $6B
- Industry: Hardware
- Founded Year: 2012
- Total Funding Raised: $1.414B
- Joined Unicorn Club: 8/18/2015
- Key Investors: Warmsun Holding, IDG Capital Partners
- Total Investors: 32
- Total Funding Deals: 4
- Website: https://www.royole.com/
5. UBTECH Robotics
A Chinese robotics and artificial intelligence company that provides intelligent humanoid robots and other robotic solutions.
Company Details:
- Country: China
- Valuation: $4.58B
- Industry: Hardware
- Founded Year: 2012
- Total Funding Raised: $645.6M
- Joined Unicorn Club: 7/25/2016
- Key Investors: CDH Investments, Goldstone Investments, Qiming Venture Partners
- Total Investors: 22
- Total Funding Deals: 7
- Website: https://www.ubtrobot.com/
6. Dadi Cinema
A Chinese cinema chain that provides cinema experiences and solutions for moviegoers in China.
Company Details:
- Country: China
- Valuation: $3.24B
- Industry: Other
- Founded Year: 2006
- Total Funding Raised: $154M
- Joined Unicorn Club: 5/11/2016
- Key Investors: Alibaba Pictures Group
- Total Investors: 1
- Total Funding Deals: 1
- Website: http://www.dadicinema.com/
7. XtalPi
A Chinese pharmaceutical and biotech company that provides drug discovery solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $2B
- Industry: Artificial intelligence
- Founded Year: 2014
- Total Funding Raised: $783.81M
- Joined Unicorn Club: 8/11/2021
- Key Investors: Tencent Holdings, 5Y Capital, Sequoia Capital China
- Total Investors: 30
- Total Funding Deals: 3
- Website: https://www.xtalpi.com/
8. Xingyun Group
A Chinese satellite company that provides satellite solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $2B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2015
- Total Funding Raised: $953.5M
- Joined Unicorn Club: 9/24/2020
- Key Investors: Matrix Partners China, Eastern Bell Capital, Hongtai Capital Holdings
- Total Investors: 29
- Total Funding Deals: 1
- Website: http://www.xingyunsat.com/
9. Tubatu.com
A Chinese online home improvement services company that provides home improvement services solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $2B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2019
- Total Funding Raised: $216.48M
- Joined Unicorn Club: 3/9/2015
- Key Investors: Sequoia Capital China, Matrix Partners China, 58.com
- Total Investors: 3
- Total Funding Deals: 1
- Website: https://www.tubatu.com/
10. Coocaa
A Chinese smart TV and home appliances company that provides smart TV and home appliances solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1.45B
- Industry: Hardware
- Founded Year: 2006
- Total Funding Raised: $226.6M
- Joined Unicorn Club: 3/16/2018
- Key Investors: Baidu, Tencent Holdings
- Total Investors: 4
- Total Funding Deals: 3
- Website: https://www.coocaa.com/
11. Hive Box
A Chinese smart locker company that provides smart locker solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $1.40B
- Industry: Supply chain, logistics, & delivery
- Founded Year: 2015
- Total Funding Raised: $1.24B
- Joined Unicorn Club: 1/23/2018
- Key Investors: Eastern Bell Capital, SF Holding Co, STO Express
- Total Investors: 16
- Total Funding Deals: 2
- Website: http://www.hivebox.com.cn/
12. Jaguar Microsystems
A Chinese semiconductor company that provides semiconductor solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.34 B
- Industry: Hardware
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 6/23/2022
- Key Investors: Tencent Holdings, Glory Ventures, Shenzhen Capital Group
- Total Investors: –
- Total Funding Deals: –
- Website: http://www.jaguarsemi.com/
13. JMGO
A Chinese home entertainment company that provides home entertainment solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1.26 B
- Industry: Hardware
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 3/15/2022
- Key Investors: IDG Capital, Yuanda Venture Investment, Primitive Forest Holdings Group
- Total Investors: –
- Total Funding Deals: –
- Website: https://en.jmgo.com/
14. SmartMore
A Chinese AI company that provides AI solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.20B
- Industry: Artificial Intelligence
- Founded Year: 2019
- Total Funding Raised: $300M
- Joined Unicorn Club: 6/24/2021
- Key Investors: IDG Capital, ZhenFund, Sequoia Capital China
- Total Investors: 10
- Total Funding Deals: 1
- Website: https://www.smartmore.ai/
15. Xiaoe Tech
A Chinese e-commerce platform that provides e-commerce solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.00 B
- Industry: Internet software & services
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 6/15/2021
- Key Investors: GGV Capital, Hillhouse Capital Management, IDG Capital
- Total Investors: –
- Total Funding Deals: –
- Website: https://www.xiaoe-tech.com/
16. EcoFlow
A Chinese portable power supply company that provides portable power supply solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Hardware
- Founded Year: 2017
- Total Funding Raised: $110.59M
- Joined Unicorn Club: 6/10/2021
- Key Investors: Delian Capital, China International Capital Corporation, Sequoia Capital China
- Total Investors: 13
- Total Funding Deals: 1
- Website: https://www.ecoflow.com/
17. Intellifusion
A Chinese AI company that provides AI solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Artificial intelligence
- Founded Year: 2014
- Total Funding Raised: $287.85M
- Joined Unicorn Club: 3/22/2019
- Key Investors: BOC International, TopoScend Capital, Hongxiu VC
- Total Investors: 36
- Total Funding Deals: 1
- Website: https://www.intellifusiontech.com/
18. Orbbec Technology
A Chinese 3D sensor company that provides 3D sensor solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Hardware
- Founded Year: 2013
- Total Funding Raised: $200M
- Joined Unicorn Club: 5/21/2018
- Key Investors: R-Z Capital, Green Pine Capital Partners, SAIF Partners China
- Total Investors: 8
- Total Funding Deals: 1
- Website: https://orbbec3d.com/
19. YH Global
A Chinese cross-border e-commerce company that provides cross-border e-commerce solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Supply chain, logistics, & delivery
- Founded Year: 1997
- Total Funding Raised: $182.05M
- Joined Unicorn Club: 9/21/2017
- Key Investors: Co-Energy Finance, Grandland
- Total Investors: 8
- Total Funding Deals: 1
- Website: http://www.yhglobal.com/
20. iCarbonX
A Chinese artificial intelligence and precision health company that provides AI and precision health solutions and services.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Artificial intelligence
- Founded Year: 2015
- Total Funding Raised: $199M
- Joined Unicorn Club: 4/12/2016
- Key Investors: Tencent, Vcanbio
- Total Investors: 3
- Total Funding Deals: 1
- Website: https://www.icarbonx.com/
21. Lamabang
A Chinese online shopping platform that provides online shopping solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2011
- Total Funding Raised: $120M
- Joined Unicorn Club: 3/6/2015
- Key Investors: 5Y Capital, Matrix Partners China, K2VC
- Total Investors: 6
- Total Funding Deals: 1
- Website: https://www.lamabang.com/
Conclusion
In conclusion, the top 21 unicorns we’ve explored are just a glimpse into the many success stories that continue to emerge from Shenzhen. As these companies reshape industries and set new standards, Shenzhen is sure to secure its place as a global leader in innovation and growth.