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100 Accelerators & Incubators
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100 Top Unicorns
Download The List of the 100 Highest-Valued Unicorns

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100 Top Unicorns
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The Founder's Handbook

The 19 Unicorns Founded in Shenzhen (2024)

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There’s no doubt that the startup scene in Shenzhen is unique.

The city has created dozens of successful startups, over the years. Some of them are already worth billions of dollars.

So whether you’re looking to start your own business, or just interested in learning about unicorns, here’s the complete list of 19 unicorn companies in Shenzhen.

The 19 Unicorns in Shenzhen

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2,189 Accelerators & Incubators

Information about the industries, countries, and cities they generally invest in.

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Complete Unicorns List
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1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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Complete Unicorns List
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1,190 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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FinTech Investors
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250 FinTech Investors

List of startup investors in the FinTech industry, along with their Twitter, LinkedIn, and email addresses.

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BioTech & Health Investors
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250 BioTech & Health Investors

List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.

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AI 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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1) SHEIN

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.

2) 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: $15.00B (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.

3) 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: $9.28B (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.

4) Royole Corporation

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.

5) 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: $4.58B (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.

6) Dadi Cinema

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.

7) 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: $2.00B (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.

8) 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: $2.00B (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.

9) 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: $2.00B (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.

10) Coocaa

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.

11) 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: $1.40B (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.

12) Jaguar Microsystems

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.

13) JMGO

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.

14) SmartMore

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.

15) Xiaoe Tech

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.

16) 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: $1.00B (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.

17) 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: $1.00B (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.

18) 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: $1.00B (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.

19) 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: $1.00B (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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