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9 SZ firms selected as top 100 unicorns in China

2018-March-23       Source: Szdaily.com

Nine Shenzhen companies made it onto the list of the “Top 100 Unicorn Companies in China” recently released by iheima.com, the Shekou News reported Thursday.

Nine Shenzhen companies made it onto the list of the “Top 100 Unicorn Companies in China” recently released by iheima.com, the Shekou News reported Thursday.

A unicorn is a startup company with a history of no longer than 10 years and a valuation over US$1 billion. Unicorn companies are often sought-after among investors as these companies develop rapidly with unique advantages.

Among the nine Shenzhen companies selected for this edition of the “Top 100 Unicorn Companies in China,” six are based in Nanshan District, including DJI, JmGO, Transsion, Mindray, iCarbonX and UBTECH.

DJI, Transsion, Mindray and UBTECH are well-known companies in Shenzhen, but many residents are not familiar with JmGO and iCarbonX.

Founded in 2011, JmGO specializes in producing intelligent home projectors. It raised 60 million yuan (US$9.49 million) in its Series A round of funding in early 2016 and it received its Series D round of funding 18 months later. Apart from home projectors, the company has also developed and produced laser TVs and 3-D projection computers.

The company’s portable 3-D projectors, combining the functions of a smartphone, TV, 3-D cinema, KTV and PC all in one, can be widely used for advertising, education and games in offices and homes, according to the report.

iCarbonX was founded by Wang Jun, co-founder and former CEO of BGI, in 2015 with the mission of creating a future in which people can drive their own health and defeat disease using advanced data and artificial intelligence (AI).

In 2016, iCarbonX acquired Imagu Vision Technologies and established the iCarbonX-Israel R&D center. The company raised nearly 1 billion yuan in its Series A round of funding led by Tencent in April 2016.

Seven companies joined iCarbonX’s Digital Life Alliance in January last year. The alliance’s aim is to merge genetic, biological and patient-generated data with sequencing and AI technology to instantly detect meaningful signals about health, disease and aging, and deliver a personalized guide for people to live a healthy life.

One of the seven companies is PatientsLikeMe, the world’s largest personalized health network. It provides a direct-to-consumer platform to integrate, analyze and present personalized health information. More than 500,000 people have already used patientslikeme.com to digitize and share their heath data, according to the report.

Editor: Will

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