Top 21 Unicorns in Shenzhen

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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.

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