How many total Contract Manufacturers companies are there in China?

As of January 2026, China has 539 active Contract Manufacturers companies.

How many Contract Manufacturers companies in China are funded?

As of January 2026, 72 companies have received funding in this sector.

What is the total funding raised by Contract Manufacturers companies in China?

Contract Manufacturers companies in China have collectively raised $807M in funding till date.

Which is the highest funded Contract Manufacturers company in China?

As of January 2026, Huaqin has raised $431M in funding, highest among the funded Contract Manufacturers companies in China.

How many Contract Manufacturers unicorns are there in China?

China has produced one unicorn in the Contract Manufacturers sector till date.

Contract Manufacturers in China - 2026 Market & Investments Trends

Q: Who are the top investors in Contract Manufacturers companies in China?

The top investors in Contract Manufacturers companies in China by number of investments are IDG Capital and Qiming Venture Partners.

Companies included in Contract Manufacturers

Companies that manufacture products or components across the categories such as electronics, fashion, Chemicals, Toys, Plastic Components, Heavy Industries FMCG, Auto, etc on contract for other Brands/Companies

Companies excluded in Contract Manufacturers

Pharma and Medical Devices Contract Manufacturers, Non-Branded & Branded Food Manufacturing/Food Processing and companies, and the companies that manufacture goods through in-house manufacturing facilities and sell them under their own brand names

Key Metrics

Total Companies

597

Top Companies

Huaqin, Hengan & more

Total Funding

$807M

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

Also known as

On-Demand Manufacturers

View complete details of this sector

There are more than 597 companies in Contract Manufacturers in China. Huaqin is the top Contract Manufacturers company in China, ranked using Tracxn Score (what's this?).

Here are 5 of the top Contract Manufacturers companies in China:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Huaqin	Contract based manufacturer of smart hardwear, vehicle electronics, and digital scene services	Pudong (China)	2005	Series C	$431M
Hengan	Producer of baby diapers and sanitary napkins	Jinjiang (China)	1985	Public	-
VTech	Supplier of electronic learning toys, telephone products, and other manufacturing services	Hong Kong (China)	1976	Public	-
ZGBiotech	CDMO focused on drug development, analytical, formulation, and quality testing services	Shanghai (China)	2017	Series C	$240M
TAL	Contract manufacturer of garments	Hong Kong (China)	1947	Unfunded	-

Get a longer list of companies

Companies founded year-on-year in the Contract Manufacturers sector in China

28 Contract Manufacturers startups in China were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	-
2024	1
2023	6
2022	28
2021	8
2020	13
2019	19
2018	21
2017	9

Stage-wise distribution of Contract Manufacturers sector companies in China

Out of the total 597 Contract Manufacturers companies in China, 72 have secured funding. Among them, 44 have reached Series A or higher, and 41 to Series B or beyond.

Founded - 597

Funded - 72

Series A+ - 44

Series B+ - 41

Series C+ - 38

Company Stage	No. of companies
Founded	597
Funded	72
Series A+	44
Series B+	41
Series C+	38

Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more

Total funding year-on-year in the Contract Manufacturers sector in China

The Contract Manufacturers sector in China saw a total funding of more than $807M in the last 10 years. The most amount of funding was in 2021 at more than $225M.

Total Funding

Year	Total Funding
2022	$215M
2021	$225M
2020	$55.5M
2019	$142M
2018	$3.27M
2017	$136M

Recent Funding Rounds in Contract Manufacturers in China

In the year 2022, till August 2022, Contract Manufacturers companies in China have raised $215M in equity funding across 8 rounds. In the same period last year (i.e. till June 2021), Contract Manufacturers companies in China had raised $223M across 5 rounds. So, 2022 has seen a 3.66% drop in funding in Contract Manufacturers companies in China as compared to 2021.

Here are some recent, important funding rounds in Contract Manufacturers companies in China:

Company	Round Raised	Amount Raised	Funding Date	Investors
ZGBiotech	Series C	2325	Aug 18, 2022	Qiming Venture Partners and 8 more
Shanghai Yierrun Medical Technology	Angel	8240	Aug 18, 2022	Mingxin China Growth Fund
Miracle Miles Tech	Series A	1038	Jun 22, 2022	IDG Capital and 1 more
Keshilifu	Seed	8341	May 05, 2022	-
Shenzhen Huangli Technologies	Angel	4501	Feb 21, 2022	-

See a more detailed list of funding rounds

IDG Capital is the top investor in Contract Manufacturers companies in China based on number of companies invested.

Here are some top investors in Contract Manufacturers companies in China:

Investor	Location	Top Portfolio Companies
IDG Capital	New York (United States)	ZGBiotech and Miracle Miles Tech
Qiming Venture Partners	Shanghai (China)	ZGBiotech and SUPERHEXA
LYFE Capital	Menlo Park (United States)	ZGBiotech
Cowin Capital	Shenzhen (China)	ZGBiotech, Shenzhen McKay Technology and Guangdong Bayway Biotechnology
Junxin Capital	Beijing (China)	ZGBiotech

See a more detailed list of investors

In the year 2024, till June 2024, 1 acquisition happened in Contract Manufacturers sector in China.

Here are some recent, important acquisitions in Contract Manufacturers sector in China:

Company	Acquisition Type	Acquisition Date	Acquirers
P.H. Garment Manufacturing Company	Business Acquisition	Jun 06, 2024	Hop Lun
Wing Pet Food	Business Acquisition	May 07, 2022	Symrise
iColor Biotech	Business Acquisition	Mar 14, 2022	Gotha Cosmetics
Shanghai Dike Fine Chemical	Business Acquisition	Dec 06, 2021	IMCD
Winnitex	Business Acquisition	Dec 12, 2018	Texhong Textile Group

See a more detailed list of acquisitions

Acquisition trends in Contract Manufacturers sector in China

Here are the acquisition trends in Contract Manufacturers sector in China:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	-
2024	1
2023	-
2022	2
2021	1
2020	-
2019	-
2018	1
2017	-

In the year 2022, till June 2022, 3 IPOs happened in Contract Manufacturers sector in China.

Here are some recent, important IPOs in Contract Manufacturers sector in China:

Company	IPO Date	Exchange Symbol
Asia Aroma	Jun 22, 2022	Shenzhen Stock Exchange (SZSE)
Wankai New Materials	Mar 29, 2022	Shenzhen Stock Exchange (SZSE)
TIMES	Jan 11, 2022	Shenzhen Stock Exchange (SZSE)
Mingyue Lens	Dec 16, 2021	Shenzhen Stock Exchange (SZSE)
Darry Ring	Dec 15, 2021	Shenzhen Stock Exchange (SZSE)