The Guangdong province hosts 44 unicorn startups, with a mix of industries represented at the top. Companies range from intelligent auto parts firm Yinwang Smart Technology, valued at $16B, to electric vehicle maker GAC Aion at $14B.
The list also includes companies in consumer goods and electronics. For example, tea shop HeyTea has a valuation of $9.28B, and drone maker DJI is valued at $8B.
Below is the full list of 44 Guangdong unicorn startups at this time.
Top 10 Most Valuable Guangdong Unicorns
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2,189 Accelerators & Incubators
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1,600+ Unicorns
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250 BioTech & Health Investors
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250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
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250 Fintech Investors
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Get the Sheet for $50Yinwang Smart Technology develops intelligent components and systems for the automotive industry. They specialize in creating the core AI-powered technology that enables advanced features in modern vehicles.
| Valuation | $16B |
| Year Founded | 2024 |
| Founders | — |
| Funding Amount | CN¥23B |
| Company Size | No Data |
| Last Funding Status | Corporate Round |
| Top Investors | Avatr, Seres Group |
GAC Aion New Energy Automobile builds a variety of electric vehicles for the consumer market. Their work extends beyond manufacturing to include the development of new energy products and services for EV owners.
| Valuation | $14B |
| Year Founded | 2017 |
| Founders | — |
| Funding Amount | CN¥18.3B |
| Company Size | No Data |
| Last Funding Status | Series A |
| Top Investors | GoldStone Investment, Yingke Capital, Shenzhen Capital Group, China Southern Power Grid, Guangzhou Automobile Group |
HeyTea operates a chain of modern tea shops that popularized cheese-topped and fruit teas in China. Their brand is built on blending traditional tea culture with innovative ingredients and a sleek, minimalist aesthetic that appeals to young consumers.
| Valuation | $9.28B (Joined July 2019) |
| Year Founded | 2012 |
| Founders | Neo Nie Yunchen, Yunqi Nie |
| Funding Amount | $595.1M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series D |
| Top Investors | HSG, Tencent, Hillhouse Investment, Coatue, Temasek Holdings |
DJI develops and manufactures innovative drone and camera technology for commercial and recreational use. Their technology has made high-end aerial photography and videography accessible to both consumers and enterprise professionals.
| Valuation | $8B |
| Year Founded | 2006 |
| Founders | Frank Wang |
| Funding Amount | $107.8M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Accel, HSG, Aeternam Stella, Lighthouse Capital Management, Victor Koch |
Royole Corporation builds the core technology behind flexible electronics, producing advanced displays and sensors. They are recognized for creating some of the first commercially available smart devices with foldable screens.
| Valuation | $5B |
| Year Founded | 2012 |
| Founders | Bill Liu |
| Funding Amount | $1.1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Bank of China, IDG Capital, Agricultural Bank of China, Industrial and Commercial Bank of China, Shenzhen Capital Group |
WeBank has built a digital-only private bank that uses facial recognition for security. They offer a complete suite of financial services accessible entirely through their online platform.
| Valuation | $5B |
| Year Founded | 2014 |
| Founders | Min Gu |
| Funding Amount | CN¥1.2B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Huagai Capital, Tencent, CPE |
Yunwang Wandian develops and operates a large-scale platform for eCommerce and online retail. Their services empower businesses to build and manage their own digital storefronts, connecting them to the broader internet economy.
| Valuation | $4B |
| Year Founded | 2020 |
| Founders | — |
| Funding Amount | CN¥6B |
| Company Size | No Data |
| Last Funding Status | Series A |
| Top Investors | Central China International Asset Management, VStar Capital, Softfir Capital, SenseRobot Management, Shenzhen Capital Group |
Ruipeng Pet Healthcare runs one of China's largest networks of pet hospitals, providing a full spectrum of care. Their clinics offer everything from complex medical procedures to routine grooming and wellness services.
| Valuation | $4B |
| Year Founded | 2013 |
| Founders | Yonghe Peng |
| Funding Amount | $37M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Tencent, CICC, Fortune Venture Capital, Hillhouse Investment, OrbiMed |
Hive Box operates a network of self-service stations for package drop-offs and pickups. Their system of smart lockers provides a convenient last-mile solution for e-commerce and logistics partners.
| Valuation | $3B (Joined January 2018) |
| Year Founded | 2015 |
| Founders | Wei Wang, Yubin Xu |
| Funding Amount | $1.1B |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | CDH Investments, Eastern Bell Capital, HSG, Trustbridge Partners, All-Stars Investment |
Jusda builds and manages complex supply chains for global businesses, particularly within the electronics industry. They offer an integrated platform that handles everything from manufacturing logistics to international trade services.
| Valuation | $3B |
| Year Founded | 2014 |
| Founders | — |
| Funding Amount | CN¥2.4B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series A |
| Top Investors | Oriza Holdings, China Life Insurance, TI Capital, IDG Capital, CICC |
The Remaining 34 Unicorns Founded in Guangdong
The 10 most valued unicorns are only part of the story in Guangdong. Across the province, many other founders are building companies that are quickly gaining ground. A large number of them are focused on AI and hardware, having raised over $10 billion combined. Here’s a look at the rest of the unicorns shaping the region's startup scene.