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The 24 Unicorn Startups Founded in Guangdong

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On Deck is where top talent comes to accelerate their ideas and build companies, surrounded by a world-class community.

Have you ever wondered which private companies in Guangdong have the highest valuations?

You’re not alone.

There are lots of unicorn companies there, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 24 Guangdong unicorn startups, from highest to lowest valuation.

The 24 Unicorns in Guangdong

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On Deck is where top talent comes to accelerate their ideas and build companies, surrounded by a world-class community.

DJI Innovations

DJI Innovations

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

Details of the startup:

  • Valuation:

    $15.00

    B (

    January 2015

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2006

  • Founders:

    Frank Wang

  • Industries:

    Aerospace, Consumer Electronics, Drones, Manufacturing, Photography, Wireless

  • Number of employees:

    10,000+

  • Funding Amount:

    $1,135.00M

  • Number of funding rounds:

    2

  • Number of investors:

    3

here

SHEIN

SHEIN

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

Details of the startup:

  • Valuation:

    $15.00

    B (

    July 2018

    )

  • Country:

    China

  • City:

    Shenzhen

  • 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 Amount:

    $553.36M

  • Number of funding rounds:

    5

  • Number of investors:

    5

here

HEYTEA

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:

    $9.28

    B (

    July 2019

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2012

  • Founders:

    Yunqi Nie

  • Industries:

    Food and Beverage, Tea

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $579.23M

  • Number of funding rounds:

    7

  • Number of investors:

    12

here

Royole Corporation

Royole Corporation

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

Details of the startup:

  • Valuation:

    $6.00

    B (

    August 2015

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2012

  • Founders:

    Bill Liu

  • Industries:

    Electronics, Manufacturing, Mobile Devices

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,414.00M

  • Number of funding rounds:

    7

  • Number of investors:

    15

here

Meizu Technology

Meizu Technology

Meizu is a Chinese consumer electronics company specializing in smartphones, mobile Internet devices, and other consumer electronics.

Details of the startup:

  • Valuation:

    $4.58

    B (

    July 2014

    )

  • Country:

    China

  • City:

    Zhuhai

  • Started in:

    2003

  • Founders:

    Jack Wong

  • Industries:

    Consumer Electronics, E-Commerce, Mobile

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $943.10M

  • Number of funding rounds:

    2

  • Number of investors:

    2

here

UBTECH Robotics

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:

    $4.45

    B (

    July 2016

    )

  • Country:

    China

  • City:

    Shenzhen

  • 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 Amount:

    $637.60M

  • Number of funding rounds:

    5

  • Number of investors:

    10

here

Cloudwalk

Cloudwalk

CloudWalk Technology is a cutting-edge IP company utilizing AI and other technologies to provide the most timely and accurate facial recognition solution.

Details of the startup:

  • Valuation:

    $3.32

    B (

    October 2018

    )

  • Country:

    China

  • City:

    Guangzhou

  • Started in:

    2015

  • Founders:

    Zhou Xi

  • Industries:

    Artificial Intelligence, Facial Recognition, Information Technology, Machine Learning

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $968.86M

  • Number of funding rounds:

    7

  • Number of investors:

    20

here

WeRide

WeRide

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

Details of the startup:

  • Valuation:

    $3.30

    B (

    December 2020

    )

  • Country:

    China

  • City:

    Guangzhou

  • Started in:

    2017

  • Founders:

    Qing Lu, Tony Han, Yan Li

  • Industries:

    Artificial Intelligence, Autonomous Vehicles, Computer, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $789.00M

  • Number of funding rounds:

    9

  • Number of investors:

    26

here

Dadi Cinema

Dadi Cinema

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

Details of the startup:

  • Valuation:

    $3.24

    B (

    May 2016

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2006

  • Founders:

    No Data

  • Industries:

    Digital Entertainment, Film, Media and Entertainment, Theatre

  • Number of employees:

    5,000-10,000

  • Funding Amount:

    $154.00M

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

KK Group

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:

    $3.00

    B (

    October 2019

    )

  • Country:

    China

  • City:

    Dongguan

  • Started in:

    2014

  • Founders:

    Yuening Wu

  • Industries:

    Apps, E-Commerce, Internet, Marketplace, Online Portals

  • Number of employees:

    100-250

  • Funding Amount:

    $614.44M

  • Number of funding rounds:

    5

  • Number of investors:

    16

here

Tubatu.com

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:

    $2.00

    B (

    March 2015

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2008

  • Founders:

    Guobin Wang

  • Industries:

    Consulting, Furniture, Home Decor, Interior Design, Internet

  • Number of employees:

    100-250

  • Funding Amount:

    $216.48M

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

Xingyun Group

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:

    $2.00

    B (

    September 2020

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2015

  • Founders:

    Billy Wang

  • Industries:

    B2B, Cosmetics, E-Commerce, Logistics, SaaS, Supply Chain Management

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $953.50M

  • Number of funding rounds:

    6

  • Number of investors:

    27

here

XtalPi

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:

    $2.00

    B (

    August 2021

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2014

  • Founders:

    Jian Ma, Lipeng Lai, Shuhao Wen

  • Industries:

    Artificial Intelligence, Biotechnology, Pharmaceutical

  • Number of employees:

    50-100

  • Funding Amount:

    $342.37M

  • Number of funding rounds:

    10

  • Number of investors:

    22

here

Coocaa

Coocaa

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

Details of the startup:

  • Valuation:

    $1.45

    B (

    March 2018

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2006

  • Founders:

    No Data

  • Industries:

    Consumer, Consumer Electronics, E-Commerce

  • Number of employees:

    250-500

  • Funding Amount:

    $226.60M

  • Number of funding rounds:

    2

  • Number of investors:

    2

here

Hive Box

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:

    $1.40

    B (

    January 2018

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2015

  • Founders:

    Wei Wang, Yubin Xu

  • Industries:

    E-Commerce, Logistics, Packaging Services

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,333.23M

  • Number of funding rounds:

    3

  • Number of investors:

    14

here

Yaoshibang

Yaoshibang

Yaoshibang is a Chinese B2B pharmaceutical trading platform.

Details of the startup:

  • Valuation:

    $1.35

    B (

    June 2021

    )

  • Country:

    China

  • City:

    Guangzhou

  • Started in:

    2015

  • Founders:

    Zhang Buzhen

  • Industries:

    B2B, Pharmaceutical, Trading Platform

  • Number of employees:

    100-250

  • Funding Amount:

    $200.00M

  • Number of funding rounds:

    5

  • Number of investors:

    14

here

WTOIP

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:

    $1.27

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Guangzhou

  • Started in:

    2013

  • Founders:

    Amy Chan

  • Industries:

    Business Development, Financial Services, Internet, Property Management

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $306.98M

  • Number of funding rounds:

    4

  • Number of investors:

    9

here

SmartMore

SmartMore

SmartMore Technology provides artificial intelligence solutions.

Details of the startup:

  • Valuation:

    $1.20

    B (

    June 2021

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2019

  • Founders:

    Jiaya Jia, Shu Liu, Xiaoyong SHEN

  • Industries:

    Artificial Intelligence, Machine Learning, Software

  • Number of employees:

    1-10

  • Funding Amount:

    $423.44M

  • Number of funding rounds:

    4

  • Number of investors:

    9

here

Lamabang

Lamabang

Lamabang is a Chinese ecommerce company that creates lifestyle products for modern mothers who are always on the go.

Details of the startup:

  • Valuation:

    $1.00

    B (

    March 2015

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2011

  • Founders:

    Jin Zan

  • Industries:

    E-Commerce, Fashion, Internet, Lifestyle, News, Parenting, Shopping

  • Number of employees:

    100-250

  • Funding Amount:

    $120.00M

  • Number of funding rounds:

    4

  • Number of investors:

    8

here

EcoFlow

EcoFlow

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

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2021

    )

  • Country:

    China

  • City:

    Shenzhen

  • 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 Amount:

    $470.52M

  • Number of funding rounds:

    4

  • Number of investors:

    13

here

iCarbonX

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:

    $1.00

    B (

    April 2016

    )

  • Country:

    China

  • City:

    Shenzhen

  • 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 Amount:

    $306.16M

  • Number of funding rounds:

    2

  • Number of investors:

    3

here

Intellifusion

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:

    $1.00

    B (

    March 2019

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2014

  • Founders:

    Ning Chen, Xiaoyu Wang

  • Industries:

    Artificial Intelligence, Computer Vision, Facial Recognition, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $287.85M

  • Number of funding rounds:

    5

  • Number of investors:

    16

here

Orbbec Technology

Orbbec Technology

Orbbec is a scientific and technological company that bring incredible possibilities for every human, everywhere.

Details of the startup:

  • Valuation:

    $1.00

    B (

    May 2018

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2013

  • Founders:

    Brad Long Liu, Huang Yuanhao, Joshua Blake, Luke Xiaolu Mei, Zhenzhong Xiao

  • Industries:

    Artificial Intelligence, Information Technology, Robotics

  • Number of employees:

    250-500

  • Funding Amount:

    $200.00M

  • Number of funding rounds:

    1

  • Number of investors:

    5

here

YH Global

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:

    $1.00

    B (

    September 2017

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    1997

  • Founders:

    Zhang Quan

  • Industries:

    Automotive, Freight Service, Logistics, Supply Chain Management, Transportation

  • Number of employees:

    50-100

  • Funding Amount:

    $182.05M

  • Number of funding rounds:

    1

  • Number of investors:

    5

here
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