Best IoT Services Companies in China
The 127 best IoT Services companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Huaqin.
China's IoT Services sector doesn't get tracked this closely very often, so here's the clearest picture we have: 127 companies, $896M in total disclosed funding, and exactly one unicorn in the mix. Huaqin leads by a wide margin at $431M raised, with Qingdao Youwu Technology ($174M) and Digital China Holdings ($103M) rounding out the top tier. The global market behind all this stood at $139.2B in 2020 and is forecast to reach $651.6B by 2030, a 17.7% CAGR that keeps institutional money attentive. China Internet Investment Fund and Intel Capital are among the most active backers here, which tells you the capital isn't purely domestic or purely speculative.
So what's actually moving the needle? Demand is driven by companies collecting and analyzing sensor data at scale, recovering operational capacity, and embedding IoT into payment systems and broader digital ecosystems. Coverage across the sector is rising this quarter. And the funding spread is stark: Huaqin's $431M sits against Enesource's $8M, a gap that reflects how unevenly capital concentrates even in a high-growth market. If you're mapping serious players in IoT Services in China, the funding momentum here is the right place to start.
- prnewswire.com
Ranked: Best IoT Services companies in China
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | AKM Meadville Manufacturer of interconnect solutions including high-density PCBs, flex, and IC substrates | — | — | Funding Raised | — | 1986 | Fang Zhirong Co-CEO | — | — |
| 2 | Anchor Value Venture capital firm focused on AI, fintech, blockchain, drone, and IoT sectors | — | — | Deadpooled | — | 2019 | Masashisa Shin Chairman | — | — |
| 3 | ANTwave Technology Designer of antenna | — | — | Funding Raised | — | 2016 | Jacky Leung CEO | — | — |
| 4 | Beijing Boshi Innovation Technology Provider of educational bench marking system solutions | — | — | Funding Raised | — | 2001 | Zhang jun Founder | — | — |
| 5 | Beijing Chenan Technology | — | — | Unfunded | 1,938 | 2005 | — | — | — |
| 6 | Beijing Dayu Chuangxiang Technology Provider of smart hardware, IoT, security cloud, and other services | — | — | Funding Raised | — | 2021 | Liang Gongjun Co-Founder | — | — |
| 7 | Beijing Digital Zhengtong Technology Provider of IT consulting, security, and application development services | — | — | Public | 7,073 | 2001 | — | — | — |
| 8 | Beijing E-Hualu Information Technology Provider of smart cities | — | — | Public | 1,454 | 2001 | — | — | — |
Top 12 IoT Services companies in China
#1
Series C · Wuhan, Hubei$20.7Mraised▾
Provider of industrial IoT services
#2
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
#3
Series B · Wan Chai, Hong Kong · founded 2000 · 16033 employees$103Mraised▾
Provider of IT service suite solutions and IoT services
- Sep 2020Series B$103M
#4
Late Stage · Qingdao, Shandong · founded 2015 · 3680 employees$174.4Mraised▾
Provider of smart home solutions
- Dec 2018PE$174.4M
#5
Series B · Putuo, Shanghai · founded 2017 · 50 employees$7.9Mraised▾
Provider of IOT implementation and software platforms services
- Mar 2022Series B$7.9M
#6
Series C · Hangzhou, Zhejiang · founded 2007 · 800 employees$72Mraised▾
Provider of application development and consulting services
- Mar 2020Series C$72M
#7
Seed · Xiamen, Fujian · founded 2019$1.5Mraised▾
Provider of AI and IoT development services and products. Its offerings include AI development, IoT development, a SaaS center for intelligent marketing, a smart device control app, gateway solutions, and networking modules. It caters to the energy sector, smart offices and campuses, and whole houses.
- Aug 2022Seed$1.5M
#8
Series C · Jiaxing, Zhejiang · founded 2000$15.2Mraised▾
Provider of technology products and management consulting services
- Nov 2020Series C$15.2M
#9
Series B · Shenzhen, Guangdong Province · founded 2003 · 260 employees$14.6Mraised▾
Offline reseller of smart lighting and wireless products
- Sep 2020Series B$14.6M
#10
Series A · Huangpu, Shanghai · founded 2014 · 1500 employees$14Mraised▾
Offers smart manufacturing services
- Jun 2020Series A$14M
#11
Deadpooled · Wan Chai, Hong Kong · founded 2015 · 1449 employees$38Mraised▾
Developer of IoT based devices and software
- Sep 2016Post IPO$110M
- Nov 2015Post IPO$38M
#12
Seed · Shenzhen, Guangdong Province · founded 2015 · 60 employees$1.1Mraised▾
Provider of AI, smart, cities and related development services
- Apr 2020Seed$1.1M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of IoT Services coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Internet of Things is moving in China
A read on the academic research around Internet of Things — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 6,850 China-affiliated papers.
- Beijing University of Posts and Telecommunications282
- University of Electronic Science and Technology of China191
- Southeast University190
- Tsinghua University158
- Xidian University148
- Wireless13→551
- Wireless sensor network82→600
- Computer security13→385
- Computer network30→380
- Robustness (evolution)5→255
- Wireless sensor network81→376
- Wireless11→279
- Computer security10→210
- Computer network35→232
- Key (lock)7→172
- Key (lock)7→58
- Big data3→34
- World Wide Web2→33
- Computer security18→48
- Cloud computing5→32
Where iot is researched across China
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Who's filing iot patents in China
China iot patent filing is accelerating — 116,627 filings from 8,000 assignees (2016–2025), led by Huawei TECH, ZTE, Guangdong OPPO Mobile Telecommun; annual filings 7172→13059.
- Huawei TECH52928
- ZTE17732
- Guangdong OPPO Mobile Telecommun9482
- Tencent TECH Shenzhen5964
- Beijing Xiaomi Mobile Software5197
- VIVO Mobile Communication4296
- Huawei Device2082
- Xiaomi2015
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.