The 25 Unicorns Founded in Guangdong [Updated 2023]

1) SHEIN

Shein is an experienced global brand that delivers quality women’s apparel at simply irresistible prices.

Details of the startup:

• Valuation: $100.00B (July 2018)
• Started in: 2008
• Founders: Xiaoqing Ren, Yang Pei, Yangtian Xu
• Industries: Consumer, E-Commerce, Fashion, Marketplace, Textiles
• Number of employees: 1,000-5,000
• Funding: $553.36M
• Funding rounds: 5
• Number of investors: 5

You can find their website here.

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2) DJI Innovations

DJI is a world leader in developing, manufacturing, and selling easy-to-fly drones for aerial photography.

Details of the startup:

• Valuation: $15.00B (January 2015)
• Started in: 2006
• Founders: Frank Wang
• Industries: Aerospace, Consumer Electronics, Drones, Manufacturing, Photography, Wireless
• Number of employees: 10,000+
• Funding: $1,135.00M
• Funding rounds: 2
• Number of investors: 3

You can find their website here.

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3) HEYTEA

HeyTea offers a selection of specialty tea and fruit teas, including mixed berry tea and cheese-topped milk tea.

Details of the startup:

• Valuation: $9.28B (July 2019)
• Started in: 2012
• Founders: Yunqi Nie
• Industries: Food and Beverage, Tea
• Number of employees: 1,000-5,000
• Funding: $579.23M
• Funding rounds: 7
• Number of investors: 12

You can find their website here.

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4) Royole Corporation

Royole develops advanced display technology for next-generation AR devices and smart devices.

Details of the startup:

• Valuation: $6.00B (August 2015)
• Started in: 2012
• Founders: Bill Liu
• Industries: Electronics, Manufacturing, Mobile Devices
• Number of employees: 500-1,000
• Funding: $1,414.00M
• Funding rounds: 7
• Number of investors: 15

You can find their website here.

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5) UBTECH Robotics

UBTech is a research and development robotics company that is dedicated to pushing the envelope in autonomous navigation technology.

Details of the startup:

• Valuation: $4.58B (July 2016)
• Started in: 2012
• Founders: Zhou Jian
• Industries: Artificial Intelligence, Consumer Electronics, Industrial Engineering, Machine Learning, Product Research, Robotics
• Number of employees: 500-1,000
• Funding: $637.60M
• Funding rounds: 5
• Number of investors: 10

You can find their website here.

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6) WeRide

WeRide is developing and commercializing advanced software and hardware technologies for self-driving cars.

Details of the startup:

• Valuation: $4.40B (December 2020)
• Started in: 2017
• Founders: Qing Lu, Tony Han, Yan Li
• Industries: Artificial Intelligence, Autonomous Vehicles, Computer, Software
• Number of employees: 500-1,000
• Funding: $789.00M
• Funding rounds: 9
• Number of investors: 26

You can find their website here.

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7) Dadi Cinema

Dadi Cinema is focused on the management and operation of theaters across China.

Details of the startup:

• Valuation: $3.24B (May 2016)
• Started in: 2006
• Industries: Digital Entertainment, Film, Media and Entertainment, Theatre
• Number of employees: 5,000-10,000
• Funding: $154.00M
• Funding rounds: 1
• Number of investors: 1

You can find their website here.

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8) KK Group

KK Group is a professional online wholesale marketplace seamless mission to provide quality merchandise, efficient customer service and secure trading platform for international buyers to trade competitively.

Details of the startup:

• Valuation: $3.00B (October 2019)
• Started in: 2014
• Founders: Yuening Wu
• Industries: Apps, E-Commerce, Internet, Marketplace, Online Portals
• Number of employees: 100-250
• Funding: $614.44M
• Funding rounds: 5
• Number of investors: 16

You can find their website here.

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9) Tubatu.com

The To8to platform is a powerful, easy-to-use service that allows you to find the best professionals to decorate your home, save money, and look good doing it.

Details of the startup:

• Valuation: $2.00B (March 2015)
• Started in: 2008
• Founders: Guobin Wang
• Industries: Consulting, Furniture, Home Decor, Interior Design, Internet
• Number of employees: 100-250
• Funding: $216.48M
• Funding rounds: 4
• Number of investors: 4

You can find their website here.

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10) XtalPi

XtalPi is a software development company that takes drug R&D and uses artificial intelligence, machine learning, and artificial neural networks to create compounds that are more effective and cheaper to develop.

Details of the startup:

• Valuation: $2.00B (August 2021)
• Started in: 2014
• Founders: Jian Ma, Lipeng Lai, Shuhao Wen
• Industries: Artificial Intelligence, Biotechnology, Pharmaceutical
• Number of employees: 50-100
• Funding: $342.37M
• Funding rounds: 10
• Number of investors: 22

You can find their website here.

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11) Xingyun Group

XINGYUN GROUP provides an international service network in China, covering all aspects of business and trade for our customers.

Details of the startup:

• Valuation: $2.00B (September 2020)
• Started in: 2015
• Founders: Billy Wang
• Industries: B2B, Cosmetics, E-Commerce, Logistics, SaaS, Supply Chain Management
• Number of employees: 1,000-5,000
• Funding: $953.50M
• Funding rounds: 6
• Number of investors: 27

You can find their website here.

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12) Coocaa

cocaa is the world’s first e-commerce platform for smart TVs and TV accessories.

Details of the startup:

• Valuation: $1.45B (March 2018)
• Started in: 2006
• Industries: Consumer, Consumer Electronics, E-Commerce
• Number of employees: 250-500
• Funding: $226.60M
• Funding rounds: 2
• Number of investors: 2

You can find their website here.

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13) Hive Box

Hive Box operates a network of self-service package drop-off and pick-up stations, giving users the convenience and flexibility to take their packages whenever it is convenient for them.

Details of the startup:

• Valuation: $1.40B (January 2018)
• Started in: 2015
• Founders: Wei Wang, Yubin Xu
• Industries: E-Commerce, Logistics, Packaging Services
• Number of employees: 1,000-5,000
• Funding: $1,333.23M
• Funding rounds: 3
• Number of investors: 14

You can find their website here.

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14) Yaoshibang

Yaoshibang is a Chinese B2B pharmaceutical trading platform.

Details of the startup:

• Valuation: $1.35B (June 2021)
• Started in: 2015
• Founders: Zhang Buzhen
• Industries: B2B, Pharmaceutical, Trading Platform
• Number of employees: 100-250
• Funding: $200.00M
• Funding rounds: 5
• Number of investors: 14

You can find their website here.

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15) Jaguar Microsystems

Jaguar Microsystems is a technology company that provides data centre cloud computing and data processing solutions.

Details of the startup:

• Valuation: $1.34B (June 2022)
• Started in: 2020
• Founders: Sunny Siu
• Industries: Cloud Computing, Data Center, Information Technology, Semiconductor, Software
• Number of employees: 251-500
• Funding rounds: 2
• Number of investors: 5

You can find their website here.

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16) TUNGEE

Tungee is a professional provider of sales intelligence solutions.

Details of the startup:

• Valuation: $1.30B (December 2021)
• Started in: 2016
• Founders: Li Zhan
• Industries: Artificial Intelligence, Machine Learning, Sales, Service Industry, Software
• Number of employees: 501-1000
• Funding: $236.28M
• Funding rounds: 7
• Number of investors: 7

You can find their website here.

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17) WTOIP

WTOIP has been designed to help entrepreneurs take their ideas to market. The platform provides startups with a shared resource library of patents, trademarks, and copyrights which can be accessed on-demand.

Details of the startup:

• Valuation: $1.27B (April 2018)
• Started in: 2013
• Founders: Amy Chan
• Industries: Business Development, Financial Services, Internet, Property Management
• Number of employees: 1,000-5,000
• Funding: $306.98M
• Funding rounds: 4
• Number of investors: 9

You can find their website here.

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18) Greater Bay Technology

Juwan Technology Research Institute is GAC Group's first in-house incubator technology innovation firm.

Details of the startup:

• Valuation: $1.26B (April 2022)
• Started in: 2020
• Industries: Battery
• Number of employees: 11-50
• Funding: $161.45M
• Funding rounds: 2
• Number of investors: 6

You can find their website here.

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19) JMGO

JMGO specialises in the research and development and production of smart projectors and laser TV.

Details of the startup:

• Valuation: $1.26B (March 2022)
• Started in: 2011
• Founders: Chen Xingbo, Eric Hu
• Industries: Digital Entertainment, Electronics, Hardware, Manufacturing, Project Management
• Number of employees: 11-50
• Funding: $377.40M
• Funding rounds: 5
• Number of investors: 15

You can find their website here.

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20) SmartMore

SmartMore Technology provides artificial intelligence solutions.

Details of the startup:

• Valuation: $1.20B (June 2021)
• Started in: 2019
• Founders: Jiaya Jia, Shu Liu, Xiaoyong SHEN
• Industries: Artificial Intelligence, Machine Learning, Software
• Number of employees: 1-10
• Funding: $423.44M
• Funding rounds: 4
• Number of investors: 9

You can find their website here.

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21) Xiaoe Tech

Xiaoe Tech is a software-as-a-service education provider.

Details of the startup:

• Valuation: $1.00B (June 2021)
• Started in: 2015
• Founders: Xiaoxing Fan
• Industries: Digital Media, EdTech, Education, Marketing, SaaS, Software
• Number of employees: 11-50
• Funding: $148.81M
• Funding rounds: 4
• Number of investors: 6

You can find their website here.

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22) YH Global

YH Global provides comprehensive transport distribution solutions that enable cost savings, faster turnaround times, and improved efficiency. They have a full service logistics company that integrates all modes of transportation including air, sea, road, and rail to transport your goods worldwide.

Details of the startup:

• Valuation: $1.00B (September 2017)
• Started in: 1997
• Founders: Zhang Quan
• Industries: Automotive, Freight Service, Logistics, Supply Chain Management, Transportation
• Number of employees: 50-100
• Funding: $182.05M
• Funding rounds: 1
• Number of investors: 5

You can find their website here.

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23) Intellifusion

Intellifusion is a company that has developed a vision processor for people to train AI systems for public safety, supercomputing, and other purposes

Details of the startup:

• Valuation: $1.00B (March 2019)
• Started in: 2014
• Founders: Ning Chen, Xiaoyu Wang
• Industries: Artificial Intelligence, Computer Vision, Facial Recognition, Software
• Number of employees: 500-1,000
• Funding: $287.85M
• Funding rounds: 5
• Number of investors: 16

You can find their website here.

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24) iCarbonX

iCarbonX offers a cutting-edge artificial intelligence platform for health data to increase the accuracy of predictions and to build a more predictive healthcare model based on human health data.

Details of the startup:

• Valuation: $1.00B (April 2016)
• Started in: 2015
• Founders: Chun Wu, Hao Li, Jun Wang, Yingrui Li
• Industries: Artificial Intelligence, Biotechnology, Health Care, Machine Learning
• Number of employees: 100-250
• Funding: $306.16M
• Funding rounds: 2
• Number of investors: 3

You can find their website here.

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25) EcoFlow

EcoFlow designs, develops, and manufactures environmentally friendly and cost-effective portable power stations for home and business use.

Details of the startup:

• Valuation: $1.00B (June 2021)
• Started in: 2017
• Founders: Eli Harris, Fan Zheng, Hannah Sieber, Lei Wang
• Industries: Clean Energy, Consumer Electronics, Electronics, Energy, Energy Efficiency, Solar
• Number of employees: 250-500
• Funding: $470.52M
• Funding rounds: 4
• Number of investors: 13

You can find their website here.

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