Contract Manufacturers startups in China
There are 597 Contract Manufacturers startups in China which include Huaqin, Hengan, VTech, ZGBiotech, TAL. Out of these, 72 startups are funded, with 44 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 10 new companies have been launched annually.
Here is the list of top Contract Manufacturers startups in China

1. Huaqin
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.
Key facts about Huaqin
- Founded Year: 2005
- Location: Pudong (China)
- Stage: Series C
- Total Funding till date: $431M
- Investors: Qualcomm Ventures, China Mobile and 10 Others
- Latest Funding Round: Series C, Jan 01, 2021, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 1 of 140 Competitors

2. Hengan
Hengan is the largest producer of sanitary napkins and baby diapers in China. It produces sanitary napkin products, disposable baby diapers, adult diapers and other personal hygiene products. It listed on the Hong Kong Stock Exchange in 1998. In 2019, the company recorded annual revenues of $3.3B, and a net profit of $0.6B.
Key facts about Hengan
- Founded Year: 1985
- Location: Jinjiang (China)
- Stage: Public
- Investors: DCP, Hillhouse and 1 Other
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 4 of 11 Competitors

3. VTech
Key facts about VTech
- Founded Year: 1976
- Location: Hong Kong (China)
- Stage: Public
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 4 of 135 Competitors
4. ZGBiotech
Key facts about ZGBiotech
- Founded Year: 2017
- Location: Shanghai (China)
- Stage: Series C
- Total Funding till date: $240M
- Investors: Qiming Venture Partners, Goldman Sachs Investment Partners and 14 Others
- Latest Funding Round: Series C, Aug 18, 2022, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 3 of 39 Competitors

5. TAL
Key facts about TAL
- Founded Year: 1947
- Location: Hong Kong (China)
- Stage: Unfunded
- Tracxn Score: 44/100 What is this?
- Competitors Rank: 1 of 94 Competitors