Radar · Manufacturing Services in Shenzhen
Best Manufacturing Services Companies in Shenzhen, China
The 80 best Manufacturing Services companies in Shenzhen, China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Wenext.
By Rohit KhannaTrends & Stories
80companies tracked
$171.7Mdisclosed funding
0unicorns
10have raised
FLIAR INTELLIGENCE · MANUFACTURING SERVICES × SHENZHEN
Our analysis of 200 Manufacturing Services companies
$4.4b in tracked funding; 61% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
200companies analysed
61%cloud-native stacks
2025funding peak (by rounds)
2002median founding year
42median Fliar Index™
79kcombined LinkedIn audience
81%of audience held by top 3
Ranked: Best Manufacturing Services companies in Shenzhen
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Wenext Offers CNC machining, 3D printing, and injection molding services 45Innovation top 20%Product top 30%Funding top 33%Growth top 45% All 8 signals ▾Innovationtop 20% Producttop 30% Fundingtop 33% Growthtop 45% Talentbottom 49% Globalbottom 38% Techbottom 34% Marketbottom 28% Innovation: 12 product lines Product: 12 distinct product lines · Company stage: Series B rank vs industry peers · Fliar Intelligence Index 45/100 | $71M | 54 mo ago | Series B | Lu Xueyuan CEO | 2014 | Cart FunctionalityAnimate.cssYouTube+8 | — | — |
| 2 | Multiway Robotics Technology Provider of industrial warehouse automation and intelligent manufacturing services 76Innovation top 21%Patents top 21%Funding top 31%Moat top 45% All 7 signals ▾Innovationtop 21% Patentstop 21% Fundingtop 31% Moattop 45% Markettop 46% Talentbottom 49% Globalbottom 40% Innovation: 29 patents (top 30% of patent-holders) · 29 filings since 2022 vs 0 in 2017-21 Patents: 29 patents matched (strict assignee match) · 29 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 76/100 | $45M | 42 mo ago | Series B | Chen Wencheng Founder & CEO | 2019 | — | 29 patents Autonomous material handling: automated forklifts, pallet trucks, and advanced wheel‑lifting mechanisms. | — |
| 3 | Shenzhen Chengtai Technology R&D based manufacturer of millimeter wave radar products | $28M | 54 mo ago | Series B | Jack Chen CEO | 2016 | — | — | — |
| 4 | Ganzhou Good Friends Technology Provider of sorting equipment for mining 50Talent top 38%Funding top 50%Global bottom 29% All 3 signals ▾Talenttop 38% Fundingtop 50% Globalbottom 29% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Funding: Raised $14.0M across 1 rounds · 1 rounds over 5 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 50/100 | $14M | 30 mo ago | Series C | He Pengyu CEO | 2015 | — | — | — |
| 5 | Shenzhen Zhongji Automation Provider of R&D, design, production, sales and services to lithium battery automated production equipment 65Market top 31%Funding top 44%Global bottom 29% All 3 signals ▾Markettop 31% Fundingtop 44% Globalbottom 29% Market: 410 employees (top 13% of Industrial Goods and Manufacturing) Funding: Raised $13.9M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 65/100 | $14M | 28 mo ago | Series A | — | 2004 | — | — | — |
| 6 | Tilswall Provider of power tools, hand tools, and measurement tools | — | 26 mo ago | Seed | August Zhou Founder & CEO | 2016 | Cart FunctionalityShopifySentry+29 | — | — |
| 7 | Shenzhen Pangqi Technology Intelligent Development Provider of intelligent manufacturing full-stack digital services | — | 30 mo ago | Seed | Wu Xiaoqian CEO | 2019 | — | — | — |
| 8 | Kibing Glass Manufacturer of glass | — | 47 mo ago | Seed | — | 2005 | Microsoft ASP.NETNginxOpenResty+2 | — | — |
Top 10 Manufacturing Services companies in Shenzhen
#1
Series A · Shenzhen, Guangdong Province · founded 2004 · 410 employees$13.9Mraised▾
Series A · Shenzhen, Guangdong Province · founded 2004 · 410 employees
Provider and manufacturer of industrial automatic production equipment. The company provides automated assembly and testing equipment for electronics, electrical appliances, lithium batteries and other industries and offers products including automatic soft pack batteries, fuse welding machines, TAB welding, hot and cold presses, BINK forming fixture machines, etc.
Fliar Intelligence Index™ 65how this company ranks against its industry peers
Market
top 31%Funding
top 44%Global
bottom 29%Market: 410 employees (top 13% of Industrial Goods and Manufacturing)
Funding: Raised $13.9M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) · Last round Series A (Feb 2024)
Global: Single-market focus (China)
Funding rounds
- Feb 2024Series A$13.9M
Investors
Yida Capital, Yuanhe Puhua, CICC Capital, Yuanhe Holdings, Ren Capital, Shenzhen Guozhong Venture Capital Management
#2
Series C · Shenzhen, Guangdong Province · founded 2015$14Mraised▾
Series C · Shenzhen, Guangdong Province · founded 2015
Provider of sorting equipment for mining
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Talent
top 38%Funding
top 50%Global
bottom 29%Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding: Raised $14.0M across 1 rounds · 1 rounds over 5 yrs (0.2/yr) · Last round Series C (Dec 2023)
Global: Single-market focus (China)
Funding rounds
- Dec 2023Series C$14M
- Sep 2022Series B—
- Aug 2021Seed—
Founders & team
Investors
GSR United Capital, Jiangxi Copper, Shenwan Innovation Investment
#3
Series B · Shenzhen, Guangdong Province · founded 2019 · 100 employees$44.5Mraised▾
Series B · Shenzhen, Guangdong Province · founded 2019 · 100 employees
Provider of industrial warehouse automation and intelligent manufacturing services
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Innovation
top 21%Patents
top 21%Funding
top 31%Moat
top 45%Market
top 46%Talent
bottom 49%Innovation: 29 patents (top 30% of patent-holders) · 29 filings since 2022 vs 0 in 2017-21
Patents: 29 patents matched (strict assignee match) · 29 filings since 2022 vs 0 in 2017-21 · Latest publication 2026
Funding: Raised $44.5M across 2 rounds · 2 rounds over 5 yrs (0.4/yr) · Last round Series B (Dec 2022)
Funding rounds
- Dec 2022Series B$28.7M
- Feb 2022Series A$15.8M
- Aug 2021Series A—
- Jan 2021Series A—
Founders & team
Investors
Plum Ventures, Plug and Play Tech Center, CCV Capital, Albatross Venture
#4
Series B · Shenzhen, Guangdong Province · founded 2014$71Mraised▾
Series B · Shenzhen, Guangdong Province · founded 2014
Offers CNC machining, 3D printing, and injection molding services
Fliar Intelligence Index™ 45how this company ranks against its industry peers
Innovation
top 20%Product
top 30%Funding
top 33%Growth
top 45%Talent
bottom 49%Global
bottom 38%Innovation: 12 product lines
Product: 12 distinct product lines · Company stage: Series B
Funding: Raised $71.0M across 2 rounds · 2 rounds over 5 yrs (0.4/yr) · Last round Series B (Dec 2021)
Audience (LinkedIn): 2k LinkedIn followers — 2.5% of this cohort's audience
Funding rounds
- Dec 2021Series B$55M
- Jan 2021Series A$16M
Founders & team
Investors
NIO Capital, CAS Investment Partners, Temasek, Cathay Capital, Chinese Academy of Sciences, Haochencapital
Tech stack
Animate.CssCart FunctionalityDhlFacebook PixelFedexGoogle Analytics
#5
Series B · Shenzhen, Guangdong Province · founded 2016$28.3Mraised▾
Series B · Shenzhen, Guangdong Province · founded 2016
R&D based manufacturer of millimeter wave radar products
Funding rounds
- Dec 2021Series B$28.3M
Founders & team
Investors
Green Pine Capital Partners, Addor Capital, Founder Securities, Kai Cheng Capital, Lvxin Soil and Water Conservation
#6
Seed · Shenzhen, Guangdong Province · founded 2016—raised▾
Seed · Shenzhen, Guangdong Province · founded 2016
Tilswall is a provider of high-quality power tools, hand tools, and measurement tools aiming to be a leader in the tools industry. Their product range includes items such as carbon brushes for rotary tools, a 800W HVLP paint sprayer, and an electric spin scrubber for bathroom cleaning.
Funding rounds
- Apr 2024Angel—
Founders & team
Tech stack
American ExpressAwinBootstrapBootstrap IconsCart FunctionalityCloudflare
#7
Seed · Shenzhen, Guangdong Province · founded 2019—raised▾
Seed · Shenzhen, Guangdong Province · founded 2019
Bangqi Technology is a company that specializes in providing comprehensive digital services for intelligent manufacturing. Their services cover various aspects of digitalization in storage logistics, production line logistics, on-line logistics, and unmanned logistics in industrial parks. They offer solutions such as automated loading and unloading of goods and automated warehouses.
Funding rounds
- Nov 2023Seed—
Founders & team
Investors
Fosun Capital, Guiyang Venture Capital, Zhuoyuan Capital
#8
Seed · Shenzhen, Guangdong Province · founded 2005 · 12069 employees—raised▾
Seed · Shenzhen, Guangdong Province · founded 2005 · 12069 employees
Manufacturer of glass
Funding rounds
- Jul 2022Seed—
Investors
Xiaomi Changjiang Industrial Fund
Tech stack
JqueryMicrosoft Asp.NetNginxOpenrestySwiper
#9
Series A · Shenzhen, Guangdong Province · founded 2019—raised▾
Series A · Shenzhen, Guangdong Province · founded 2019
R&D and producer of synthetic biological products
Funding rounds
- Mar 2022Series A—
Founders & team
Investors
Shenzhen Capital Group
#10
Series A · Shenzhen, Guangdong Province · founded 2017 · 200 employees—raised▾
Series A · Shenzhen, Guangdong Province · founded 2017 · 200 employees
Developer of industrial artificial intelligence technologies and other software. The company's industrial AI technology integrates automated system modeling, artificial intelligence, big data and the core technologies of the Industrial Internet of Things to create a new generation of intelligent manufacturing ecosystem that provides intelligent production scheduling, predictive equipment maintenance, intelligent big data and video image analysis, enabling manufacturers to automate processes and reduce human labor.
Funding rounds
- Oct 2020Series A—
- Mar 2020Seed—
Founders & team
Investors
Sequoia Capital, China Fortune-Tech Capital, Fortune Capital, CTC Capital, M Ventures
Funding & investor landscape
$171.7Mtotal disclosed funding
5companies funded
7disclosed rounds
0rounds last 90 days
Most active investors
Notable founders
He Pengyu
CEO · Ganzhou Good Friends Technology
Chen Wencheng
Founder & CEO · Multiway Robotics Technology
Lu Xueyuan
CEO · Wenext
Jack Chen
CEO · Shenzhen Chengtai Technology
August Zhou
Founder & CEO · Tilswall
Wu Xiaoqian
CEO · Shenzhen Pangqi Technology Intelligent Development
Xibin Zhou
CEO · Synceres Biosciences
Li Jie
CEO · Exx Industrial Automation
Prism market signals · China · country-scoped Prism corpus, 249,150 docs
Market landscape — 10 sub-themes by coverage
Share of Manufacturing Services coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH IN SHENZHEN · Materials
How research on Additive Manufacturing in Shenzhen is moving
A read on the academic research around Additive Manufacturing in Shenzhen — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 239 papers.
239 papers · stance +0.55 · 40% breakthrough · 6% concern
top institutions
- Shenzhen University74
- Shenzhen Institutes of Advanced Technology31
- City University of Hong Kong, Shenzhen Research Institute29
- Shenzhen Technology University22
- Shenzhen Institute of Information Technology19
leading researchers
Zhangwei Chen · Liu Guo · Ning Zhao · Xiaojun Tan · Amr Osman · Changyong Liu
prism intelligence · tone & topics
96% positive · 0% critical tone
HealthcareHealthConstructionBusinessDIY ProjectsMaterials Science
▲
Breakthroughs82 · 34%
▲ 31%→33% share
▲1.1× share momentum15 median citations70% since 2021mostly methods-led
Breakthroughs are rising (31%→33% of field), led by 3D printing.
rising sub-themes (early→recent)
- 3D printing1→31
- Nanotechnology1→16
- Fabrication1→12
- 3d printed1→4
- Inkwell1→3
Newly emergingCeramic 0→6 · Microfluidics 0→5 · Composite material 0→5
Landmark Grayscale digital light processing 3D printing for highly functionally graded materials · 525 cites
◆
Advancements109 · 46%
▼ 50%→46% share
▼0.9× share momentum10 median citations72% since 2021mostly methods-led
Advancements are cooling (50%→46% of field), led by 3D printing.
rising sub-themes (early→recent)
- 3D printing3→45
- Selective laser melting2→15
- Ceramic1→10
- Alloy1→6
- Nanotechnology1→6
Newly emergingComposite material 0→15 · Microstructure 0→9 · Polymer 0→5
Landmark 3D printing of bone tissue engineering scaffolds · 633 cites
▼
Concerns12 · 5%
6%→6% share
▲1.0× share momentum14 median citations92% since 2021mostly reviews
Concerns are cooling (6%→6% of field), led by 3D printing.
rising sub-themes (early→recent)
- 3D printing7
- Metallurgy3
- Nanotechnology3
- Microstructure2
- Supercapacitor2
Newly emerging3D printing 0→7 · Metallurgy 0→3 · Nanotechnology 0→3
Landmark 3D Bioprinting of Hydrogels for Cartilage Tissue Engineering · 89 cites
Common questions
How many Manufacturing Services companies are there in Shenzhen, China?
Radar tracks 80 indexable Manufacturing Services companies headquartered in Shenzhen, China that meet our profile-completeness bar.
What is the total funding raised by Manufacturing Services companies in Shenzhen, China?
The Manufacturing Services companies in Shenzhen, China on this list have raised a combined $171.7M in disclosed equity funding across 5 funded companies.
Which is the highest-funded Manufacturing Services company in Shenzhen, China?
Wenext is the highest-funded Manufacturing Services company in Shenzhen, China, with $71M in disclosed equity funding.
How many Manufacturing Services companies in Shenzhen, China are funded?
5 of the 80 Manufacturing Services companies in Shenzhen, China on this list have disclosed at least one equity funding round.
How many Manufacturing Services unicorns are there in Shenzhen, China?
None of the Manufacturing Services companies in Shenzhen, China on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Shenzhen, China Manufacturing Services companies?
The most active investors in Shenzhen, China Manufacturing Services companies on this list include Pengchen Investment, China Investment LuckyStone Management, Legend Capital, ACl Fund, Addor Capital.
Rohit KhannaTrends & Stories
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.