Best Contract Manufacturers Companies in China
The 153 best Contract Manufacturers companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Huaqin.
Among the most-watched manufacturing hubs on the planet, China's Contract Manufacturers sector is dense enough that knowing where the money actually sits changes your sourcing decisions fast. Our directory tracks 153 companies here, with $774M in total disclosed funding, one unicorn, and a spread that tells you everything about how uneven this market really is.
Huaqin leads at $431M raised, ZGBiotech follows at $240M, and then the numbers fall off a cliff. Most firms in this cohort have raised little or nothing, which is exactly the pattern you'd expect when contract manufacturing scales on relationships and capacity rather than venture rounds. Cowin Capital, IDG Capital, and Qiming Venture Partners are the most active backers, so follow their portfolio moves if you want a read on which operators are getting institutional confidence. I'd pay particular attention to compliance signals right now, since uneven GMP enforcement across contract facilities is actively reshaping how buyers qualify vendors. And if you've watched what happened at Wistron, you know that labor and governance risk at scale isn't theoretical. The funding data here is a starting point. The due diligence is yours.
Ranked: Best Contract Manufacturers companies in China
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Huaqin 🦄 Contract based manufacturer of smart hardwear, vehicle electronics, and digital scene services 80Growth top 18%News top 19%Funding top 24%Moat top 26% All 8 signals ▾Growthtop 18% Newstop 19% Fundingtop 24% Moattop 26% Markettop 28% Globaltop 46% Techbottom 49% Talentbottom 49% Growth: Web rank 10,000,000 → 5,000,000 YoY News: 7 BI events in 12 mo (of 12 tracked, 3 types) · 6 high-value events (IPO/M&A/funding/contracts) in 12 mo rank vs industry peers · Fliar Intelligence Index 80/100 | $431M | 65 mo ago | Public | Qiu Wensheng Founder & CEO | 2005 | PHPGSAPTengine+6 | — | — |
| 2 | ZGBiotech CDMO focused on drug development, analytical, formulation, and quality testing services 72Funding top 24%Market top 28%Global bottom 38% All 3 signals ▾Fundingtop 24% Markettop 28% Globalbottom 38% Funding: Raised $240M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) Market: 600 employees (top 9% of Industrial Goods and Manufacturing) rank vs industry peers · Fliar Intelligence Index 72/100 | $240M | 46 mo ago | Series C | — | 2017 | — | — | — |
| 3 | Miracle Miles Tech Contract manufacturer of footwear and clothing 65Market top 30%Funding top 33%Global bottom 36% All 3 signals ▾Markettop 30% Fundingtop 33% Globalbottom 36% Market: 500 employees (top 11% of Industrial Goods and Manufacturing) Funding: Raised $100M across 1 rounds · 1 rounds over 4 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 65/100 | $100M | 47 mo ago | Series A | — | 2019 | — | — | — |
| 4 | BuyHive Online B2B marketplace platform connecting buyers and manufacturers | $2M | 57 mo ago | Seed | Michael Hung Co-Founder & CMO | 2019 | Cart FunctionalityWordPressMySQL+33 | — | — |
| 5 | Sterling Group Holdings Contract manufacturer of garment 37Market top 25%Funding top 42%Moat bottom 42%Global bottom 30% All 6 signals ▾Markettop 25% Fundingtop 42% Moatbottom 42% Globalbottom 30% Patentsbottom 27% Innovationbottom 8% Market: 1,444 employees (top 5% of Industrial Goods and Manufacturing) Funding: Raised $868k across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $868K | 4 mo ago | Late Stage | — | 2015 | — | 2 patents Precise GNSS timing algorithms and image‑sensor interface electronics for navigation and imaging systems | — |
| 6 | Shenzhen Huangli Technologies Contract manufacturer of headphones | — | 51 mo ago | Seed | Zhi Liu CEO | 2019 | — | — | — |
| 7 | Guangdong Senbao Culture Industry Contract manufacturer of bricks fan toys | — | 52 mo ago | Deadpooled | — | 2013 | — | — | — |
| 8 | SUPERHEXA Contract manufacturer of AR glasses | — | 61 mo ago | Seed | Xia Yongfeng Founder & CEO | 2020 | core-jsBaidu Analytics (百度统计)Webpack | — | — |
Top 10 Contract Manufacturers companies in China
#1
Late Stage · Kowloon, Hong Kong · founded 2015 · 1444 employees$868.2Kraised▾
Contract manufacturer of garment
- Jan 2026Post IPO$868.2K
#2
Series C · Shanghai, Shanghai · founded 2017 · 600 employees$239.7Mraised▾
CDMO focused on drug development, analytical, formulation, and quality testing services
- Aug 2022Series C$14.7M
- Jan 2022Series C$100M
- Mar 2021Series B$70M
- Mar 2020Series A$51M
#3
Huaqin 🦄Public · Pudong, Shanghai · founded 2005 · 29727 employees$431.1Mraised▾
Provider of smart hardware, vehicle electronics, and digital scene services. It offers end-to-end product development, manufacturing, and operation of software, hardware, and systems to global tech companies. It also provides intelligent products including mobile phones, tablets, laptops, smart wearables, AIoT products, IDC products, and automotive electronics to its global consumers.
- Jan 2021Series C$152.9M
- Dec 2019Series B$142.2M
- Dec 2017Series A$136M
#4
Series A · Changsha, Hunan · founded 2019 · 500 employees$100Mraised▾
Contract manufacturer of footwear and clothing
- Jun 2022Series A$100M
#5
Seed · Kowloon, Hong Kong · founded 2019$2.2Mraised▾
Online B2B marketplace platform connecting buyers and manufacturers. It provides a platform for helping buyers in product sourcing by providing a freelancer network of sourcing professionals who make supplier recommendations to buyers year-round and by providing a B2B e-commerce platform featuring invitation-only suppliers. It also provides an end-to-end sourcing solution by tracking the production and delivery of finished goods for buyers globally.
- Sep 2021Seed$2.2M
#6
Seed · Shenzhen, Guangdong Province · founded 2019—raised▾
Contract manufacturer of headphones
- Feb 2022Angel—
#7
Deadpooled · Shantou, Guangdong Province · founded 2013 · 1000 employees—raised▾
Manufacturer and provider of interlocking plastic bricks toys designed to provide creative toys for consumers. The company mainly offers interlocking plastic bricks toys that are suitable for all age groups, providing Chinese consumers domestic blocking toys.
- Feb 2022Series A—
#8
Seed · Beijing, Beijing · founded 2020—raised▾
Developer of personal consumer electronics. The company is an innovative hardware company focusing on personal consumer electronics to allow technology to integrate into daily lifestyles.
- May 2021Seed—
#9
Seed · Shenzhen, Guangdong Province · founded 2005 · 1574 employees—raised▾
Contract manufacturer of LED lighting products
- Sep 2019Seed—
#10
Series A · Hong Kong, Hong Kong · founded 2016 · 1212 employees—raised▾
GRT is a manufacturer of multi-category consumer products. The company provides products such as precision coating adhesive films, packaging films, optical adhesive films and others.
- Apr 2016Series A—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Contract Manufacturers coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.