Top Unicorn Startups in Shenzhen for 2024

In Shenzhen, we rank 16 unicorn startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Unicorns in Shenzhen are falling behind the performance of their global counterparts.

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Top Unicorn Startups in Shenzhen for 2024

SB Score:742

DJI is a pioneering company creating cutting-edge drone and camera technology for a wide range of uses. They lead the industry in developing innovative products for both professional and recreational users worldwide.

Industry:
Hardware & IoT
Subindustry:
Consumer Electronics

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SB Score:649

Xiaoe Tech offers educational services in the software-as-a-service industry. They provide innovative solutions for learning and development, empowering users to access and utilize software tools efficiently.

Industry:
Software & Data
Subindustry:
Software

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SB Score:639

HEYTEA, previously known as ROYALTEA, offers unique cheese tea beverages at its specialty tea houses. The brand also operates under the name HEEKCAA.

Industry:
Social & Leisure
Subindustry:
Social & Leisure-Other

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Total amount:16

Best Hardware & IoT Startups in Shenzhen for 2024

Shenzhen startups in the Hardware & IoT industry are overperforming their global industry peers. The top three Hardware & IoT unicorns in Shenzhen have raised more than USD 1.69B, an amount that is higher than the global industry average.
SB Score:742

DJI is a pioneering company creating cutting-edge drone and camera technology for a wide range of uses. They lead the industry in developing innovative products for both professional and recreational users worldwide.

Industry:
Hardware & IoT
Subindustry:
Consumer Electronics

National Rank (China)

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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SB Score:508

Royole develops cutting-edge flexible displays, sensors, and smart devices for various industries, offering IP licenses and solutions. Their innovative human-machine interface technologies revolutionize the way we interact with electronics.

Industry:
Hardware & IoT
Subindustry:
Hardware

National Rank (China)

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SB Score:72

Orbbec Technology excels in AI, optics, hardware and software development, machine learning, and manufacturing, operating in China and the US.

Industry:
Hardware & IoT
Subindustry:
Hardware & IoT-Other

National Rank (China)

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Total amount:3

Most Valuable Unicorns in Shenzhen for 2024

The top three most valuable unicorns in Shenzhen have raised total funding of more than USD 8.93B. Among the top three funded unicorns, the most popular industry, based on total funding, is Ecommerce & Retail.
SB Score:518

SHEIN is a global fast fashion e-commerce platform specializing in women's clothing, with options for men and kids as well. They offer a wide range of trendy apparel, accessories, shoes, and bags for fashion-forward individuals looking for the latest styles at affordable prices.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (China)

0

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Regional Rank (East Asia)

0

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Global Rank (WorldWide)

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SB Score:742

DJI is a pioneering company creating cutting-edge drone and camera technology for a wide range of uses. They lead the industry in developing innovative products for both professional and recreational users worldwide.

Industry:
Hardware & IoT
Subindustry:
Consumer Electronics

National Rank (China)

0

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Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

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SB Score:639

HEYTEA, previously known as ROYALTEA, offers unique cheese tea beverages at its specialty tea houses. The brand also operates under the name HEEKCAA.

Industry:
Social & Leisure
Subindustry:
Social & Leisure-Other

National Rank (China)

0

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Regional Rank (East Asia)

0

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Global Rank (WorldWide)

0

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SB Score:508

Royole develops cutting-edge flexible displays, sensors, and smart devices for various industries, offering IP licenses and solutions. Their innovative human-machine interface technologies revolutionize the way we interact with electronics.

Industry:
Hardware & IoT
Subindustry:
Hardware

National Rank (China)

0

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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SB Score:136

Dadi Cinema specializes in managing, investing in, and running cinemas across China. Their focus is on providing top-notch movie-watching experiences for audiences nationwide.

Industry:
Marketing & Sales
Subindustry:
Events

National Rank (China)

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SB Score:528

This startup offers comprehensive global channel operation, distribution, and supply chain services for brands, retailers, and international trade professionals. It simplifies and enhances the process for businesses looking to expand their reach and streamline their operations on a global scale.

Industry:
Healthtech
Subindustry:
Health-Other

National Rank (China)

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SB Score:635

Tubatu is China's leading online home improvement platform, offering a one-stop solution for all your renovation needs. From design to construction, Tubatu provides a seamless experience for users looking to enhance their living spaces.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (China)

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SB Score:635

Tubatu utilizes Internet and big data technology to provide a user-friendly home improvement platform. Users can easily access a variety of services and resources to enhance their living spaces.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (China)

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SB Score:513

XtalPi, a biotech company, harnesses AI and computing to speed up drug development. Their innovative approach accelerates the creation of new pharmaceuticals.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

National Rank (China)

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10th

Coocaa
SB Score:443

Coocaa is an e-commerce platform specializing in smart TVs and accessories. Find top-quality products for your entertainment needs with ease.

Industry:
Ecommerce & Retail
Subindustry:

National Rank (China)

0

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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Total amount:16

Top Hiring Unicorns in Shenzhen by Employee Number

The top three hiring unicorns in Shenzhen have an average employee size that is larger than to the global average. Among these, the Hardware & IoT industry features the unicorn with the largest workforce.
SB Score:742

DJI is a pioneering company creating cutting-edge drone and camera technology for a wide range of uses. They lead the industry in developing innovative products for both professional and recreational users worldwide.

Industry:
Hardware & IoT
Subindustry:
Consumer Electronics

National Rank (China)

0

View

Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:518

SHEIN is a global fast fashion e-commerce platform specializing in women's clothing, with options for men and kids as well. They offer a wide range of trendy apparel, accessories, shoes, and bags for fashion-forward individuals looking for the latest styles at affordable prices.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (China)

0

View

Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:639

HEYTEA, previously known as ROYALTEA, offers unique cheese tea beverages at its specialty tea houses. The brand also operates under the name HEEKCAA.

Industry:
Social & Leisure
Subindustry:
Social & Leisure-Other

National Rank (China)

0

View

Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:635

Tubatu utilizes Internet and big data technology to provide a user-friendly home improvement platform. Users can easily access a variety of services and resources to enhance their living spaces.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (China)

0

View

Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

Browse
View full page

Total amount:16

Explore the Startup Ecosystem of Shenzhen

National Rank

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3rd

0

Regional Rank

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4th

0

Global Rank

(WorldWide)

18th

2

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2024 National Rank CityGlobal RankTotal Score

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Quantity Score
Quality ScoreBusiness Score
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109.406
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73.512
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