Shenzhen Unicorns

19 Most Established Unicorn Startups in Shenzhen

19 companies from Shenzhen have become unicorns. We have compiled all of them in this blog article.

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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 from Shenzhen, here’s a complete list of all 19 unicorn companies and startups founded in Shenzhen.

The 19 Unicorn Startups in Shenzhen

BYD Semiconductor

BYD Semiconductor

BYD Semiconductor offers wafer processing equipment and advanced packaging solutions for the electronics industry.

Details of the startup:

  • Valuation:

    $4.66

    B (

    April 2020

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2004

  • Founders:

    No Data

  • Industries:

    Industrial Engineering, Manufacturing

  • Number of employees:

    10,000+

  • Funding Amount:

    CN¥2,700,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    24

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:

    CN¥1,400,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    2

here

DJI

DJI

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:

    $105,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    3

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:

    $2.26

    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:

    $95,145,464

  • Number of funding rounds:

    6

  • Number of investors:

    10

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:

    No Data

  • Industries:

    E-Commerce, Logistics, Packaging Services

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,106,303,366

  • Number of funding rounds:

    3

  • Number of investors:

    14

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:

    Hao Li, Jun Wang, Yingrui Li

  • Industries:

    Artificial Intelligence, Biotechnology, Health Care, Machine Learning

  • Number of employees:

    100-250

  • Funding Amount:

    $200,000,000

  • 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:

    CN¥1,208,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    16

here

Jusda

Jusda

Jusda works with manufacturers to deliver excellence in supply chain visibility.

Details of the startup:

  • Valuation:

    $2.20

    B (

    January 2019

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2014

  • Founders:

    No Data

  • Industries:

    Electronics, Logistics, Supply Chain Management

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥2,400,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    6

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:

    2012

  • Founders:

    Jin Zan

  • Industries:

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

  • Number of employees:

    100-250

  • Funding Amount:

    $130,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    8

here

MGI Tech

MGI Tech

MGI Tech is a technology-driven healthcare provider with an emphasis on exemplary customer service.

Details of the startup:

  • Valuation:

    $5

    B (

    May 2019

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2016

  • Founders:

    No Data

  • Industries:

    Biotechnology, Health Care, Life Science

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,200,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    7

here

Naixuecha

Naixuecha

Naxuecha is the premier tea company that provides premium green, white, and black tea worldwide. They are committed to only sourcing high-quality ingredients and offer a variety of flavors for our customers.

Details of the startup:

  • Valuation:

    $2.00

    B (

    December 2020

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2014

  • Founders:

    No Data

  • Industries:

    No Data

  • Number of employees:

    50-100

  • Funding Amount:

    $215,789,015

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

Orbbec

Orbbec

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:

    $200,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    5

here

Ruipeng Pet Healthcare

Ruipeng Pet Healthcare

Ruipeng Pet Hospital is a Shenzhen-based medical care chain of pet hospitals, integrating global knowledge on animal health, Chinese and Western medicine, conventional veterinary science and beauty products.

Details of the startup:

  • Valuation:

    $4.40

    B (

    October 2020

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2013

  • Founders:

    No Data

  • Industries:

    Beauty, Health Care, Hospital, Medical

  • Number of employees:

    No Data

  • Funding Amount:

    $37,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    11

here

To8to

To8to

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:

    $216,463,775

  • Number of funding rounds:

    4

  • Number of investors:

    4

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:

    $940,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    9

here

WeBank

WeBank

WeBank is a private commercial bank that employs facial recognition security software when conducting transactions.

Details of the startup:

  • Valuation:

    $21.20

    B (

    November 2018

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2014

  • Founders:

    Min Gu

  • Industries:

    Banking, Finance, Financial Services, Online Portals

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥1,200,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    1

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, Supply Chain Management

  • Number of employees:

    500-1,000

  • Funding Amount:

    $949,506,218

  • Number of funding rounds:

    6

  • Number of investors:

    18

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:

    $182,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    5

here

Yunwang Wandian

Yunwang Wandian

Yunwang Wandian is an eCommerce and online retail service that provides the ultimate shopping experience to the customers.

Details of the startup:

  • Valuation:

    $3.80

    B (

    Dcember 2020

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2020

  • Founders:

    No Data

  • Industries:

    E-Commerce, Retail

  • Number of employees:

    No Data

  • Funding Amount:

    CN¥6,000,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    4

here
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