Guangzhou is home to seven unicorn startups, a group led by electric vehicle maker GAC Aion New Energy Automobile, which holds a valuation of $14 billion.
The city's other unicorns operate in sectors from fashion to advanced materials. For example, Trendy International Group is valued at $2 billion while battery company Juwan Technology was founded as recently as 2020.
Below is the full list of 7 Guangzhou unicorn startups at this time.
Top 7 Most Valuable Guangzhou Unicorns
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Get the Sheet for $50GAC Aion New Energy Automobile manufactures a full lineup of electric vehicles, from mainstream models to high-performance sports cars. They also develop core EV technologies, including advanced battery systems and fast-charging solutions.
| 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 |
Vital Thin Film Materials produces high-purity sputtering targets and evaporation materials for the vacuum coating industry. These specialized components are essential for manufacturing processes within the semiconductor and advanced hardware sectors.
| Valuation | $2B |
| Year Founded | 2017 |
| Founders | — |
| Funding Amount | CN¥5.7B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | CICC, Cinda Securities, Zhuhai Huafa Group, BYD Company, Morgan Stanley |
Trendy International Group manages an international portfolio of fashion and lifestyle brands, including Ochirly and Trendiano. The corporation's approach centers on uniting art and business to cultivate distinct identities for each of its labels.
| Valuation | $2B |
| Year Founded | 1999 |
| Founders | Jacky Xu |
| Funding Amount | $200M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | L Catterton Asia |
RootCloud offers an industrial internet of things (IIoT) platform that helps manufacturers connect and manage their machinery. Their technology enables businesses to leverage cloud computing for smarter manufacturing and improved operational efficiency.
| Valuation | $1B |
| Year Founded | 2016 |
| Founders | Zhen Liu |
| Funding Amount | CN¥1.3B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | IDG Capital, Tencent, Matrix Partners China, SDIC Fund Management, ZWC Partners |
CanSemi produces a range of critical semiconductor products, from microprocessors and power management chips to analog chips and discrete power devices. They operate as a key manufacturer, supplying the essential components that power the electronics industry.
| Valuation | $1B |
| Year Founded | 2017 |
| Founders | — |
| Funding Amount | $980.7M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | Guangdong Technology Financial Group, Yingke Capital, SDIC Fund Management, Guangzhou Industrial Investment Group, China Integrated Circuit Industry Investment Fund (CICF) |
Qdama operates a chain of community stores that provide fresh agricultural products, focusing specifically on the meat market. They are known for their unique "no overnight meat" policy, which guarantees daily freshness for all their meat products.
| Valuation | $1B |
| Year Founded | 2012 |
| Founders | Feng Weihua, Jisheng Feng |
| Funding Amount | $142M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series D |
| Top Investors | Lighthouse Capital Management, Hejun Capital, GenBridge Capital, Co-Stone Venture Capital, Gaorong Capital |
Juwan Technology develops and produces extreme fast-charging batteries for the electric vehicle industry. Spun out of the automotive giant GAC Group, they are pioneering XFC technology to dramatically shorten vehicle charging times.
| Valuation | $1B |
| Year Founded | 2020 |
| Founders | — |
| Funding Amount | CN¥1.1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series A |
| Top Investors | Guangzhou Nan Yue Fund, Tencent, Borun Capital, Guangzhou Automobile Group, SFUND |