About Spatial Computing sector in China
The Spatial Computing sector in China comprises 722 companies, including 365 funded companies having collectively raised $4.86B in venture capital money and private equity. Out of these, 146 are Series A+ funded, and 3 have achieved unicorn status.
Spatial Computing sector in China has seen 3 acquisitions and 10 IPOs.
This sector includes companies that develop various human computer interaction techniques that are perceived by users as taking place in the real world.
Includes companies that manufacture AR/VR/XR display devices (head-mounted devices, smartphone-based headsets), gesture recognition hardware and applications, AR/VR applications, and metaverse platforms. Companies providing digital twin platforms are also covered here. Excludes service-based companies developing custom VR applications or digital twins. Companies developing applications and use cases that do not use spatial awareness are not included here.
Top Spatial Computing Companies in China
There are 722 Spatial Computing startups in China which include Animoca Brands, The Sandbox, ZWSOFT, Hesai Technology, Pimax. Out of these, 365 startups are funded, with 146 having secured Series A+ funding, and 3 achieving unicorn status.
Over the past 10 years, an average of 34 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Tsinghua University, Hong Kong University of Science and Technology (HKUST) and Stanford University.
Here is the list of top Spatial Computing startups in China
Developer of blockchain-based PC and mobile games. It develops and publishes blockchain games, traditional games, and other products. The company focuses on the development of racing and strategy-based NFT games which includes the sandbox, crazy kings, and crazy defense heroes. It also provides cloud authentication services and collaborate with formula one to develop blockchain games.
Key facts about Animoca Brands
- Founded Year: 2006
- Location: Kowloon (China)
- Stage: Series C
- Total Funding till date: $880M
- Investors: Liberty City Ventures, Octava and 119 Others
- Latest Funding Round: Series C, Nov 11, 2024, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 3 of 1,347 Competitors
2. The Sandbox
Online platform offering a user-generated metaverse with blockchain games for creative and immersive gaming experiences. It allows users to create and monetize their NFTs in a blockchain-based environment. The Sandbox platform combines elements of creativity, exploration, and gameplay in a sandbox setting, providing users with a degree of freedom to interact creatively and build their own virtual worlds.
Key facts about The Sandbox
- Founded Year: 2018
- Location: Hong Kong (China)
- Stage: Series B
- Total Funding till date: $115M
- Investors: SQUARE ENIX, SoftBank Vision Fund and 46 Others
- Latest Funding Round: Series B, Jun 06, 2024, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 3 of 586 Competitors
3. ZWSOFT
ZWSoft is a provider of CAD/CAM software solutions. The product offerings include ZW3D is a CAD/CAM solution for the process of product development, ZWCAD is a designing software and the modules include architecture, mechanical, CAD pockets, etc., and ZWSim is an electromagnetic simulator.
Key facts about ZWSOFT
- Founded Year: 1998
- Location: Tianhe (China)
- Stage: Series B
- Total Funding till date: $31.4M
- Investors: China Internet Investment Fund, Fortune Capital and 5 Others
- Latest Funding Round: Series B, Oct 16, 2019, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 2 of 54 Competitors
Developer of LiDAR-based sensors for autonomous vehicles. It offers products like mechanical lidars, solid-state lidars, a sensing kit that integrates cameras, LiDAR, and data processing for synchronization and calibration. It has also developed a laser-based methane leak detector and a drone-mounted natural gas surveillance system for the energy sector. It has applications in logistics, robotics, automotive, and industrial sectors.
Key facts about Hesai Technology
- Founded Year: 2014
- Location: Shanghai (China)
- Stage: Public
- Total Funding till date: $599M
- Investors: Xiaomi, Baidu Ventures and 20 Others
- Latest Funding Round: Series D, Nov 16, 2021, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 4 of 129 Competitors
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5. Pimax
Key facts about Pimax
- Founded Year: 2014
- Location: Shanghai (China)
- Stage: Series C
- Total Funding till date: $82.7M
- Investors: Shanghai Ivy Capital, Zhuji Jingkai Chuangrong Investment and 9 Others
- Latest Funding Round: Series C, Jan 03, 2025, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 3 of 283 Competitors
Companies founded year-on-year in the Spatial Computing sector in China
98 Spatial Computing startups in China were founded in 2016 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | - |
2024 | 5 |
2023 | 4 |
2022 | 15 |
2021 | 48 |
2020 | 23 |
2019 | 37 |
2018 | 41 |
2017 | 69 |
2016 | 98 |
Stage-wise distribution of Spatial Computing sector companies in China
Out of the total 722 Spatial Computing companies in China, 365 have secured funding. Among them, 146 have reached Series A or higher, and 70 to Series B or beyond.
Founded - 722
Funded - 365
Series A+ - 146
Series B+ - 70
Series C+ - 40
Company Stage | No. of companies |
|---|---|
Founded | 722 |
Funded | 365 |
Series A+ | 146 |
Series B+ | 70 |
Series C+ | 40 |
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Funding Trends in the Spatial Computing sector in China
Total funding year-on-year in the Spatial Computing sector in China
The Spatial Computing sector in China saw a total funding of more than $4.64B in the last 10 years. The most amount of funding was in 2022 at more than $1.31B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $105M |
2024 | $106M |
2023 | $219M |
2022 | $1.31B |
2021 | $1.23B |
2020 | $400M |
2019 | $279M |
2018 | $475M |
2017 | $334M |
Recent Funding Rounds in Spatial Computing in China
In the year 2025, till December 2025, Spatial Computing companies in China have raised $105M in equity funding across 14 rounds.
In the same period last year (i.e. till December 2024), Spatial Computing companies in China had raised $106M across 15 rounds.
So, 2025 has seen a 0.69% drop in funding in Spatial Computing companies in China as compared to 2024.
Here are some recent, important funding rounds in Spatial Computing companies in China:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series D | 8824 | Dec 22, 2025 | ||
Series B | 5979 | Oct 20, 2025 | ||
Series A | 5920 | Oct 13, 2025 | ||
Series B | 9450 | 2025 | - | |
Series A | 4272 | Aug 20, 2025 |
Top Investors in Spatial Computing in China
Plug and Play Tech Center is the top investor in Spatial Computing companies in China based on number of companies invested.
Here are some top investors in Spatial Computing companies in China:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Kowloon (China) | The Sandbox and Warena | |
San Diego (United States) | ||
Shenzhen (China) | ||
San Francisco (United States) | - |
M&A activity in Spatial Computing sector in China
In the year 2025, till November 2025, 1 acquisition happened in Spatial Computing sector in China.
Here are some recent, important acquisitions in Spatial Computing sector in China:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 12, 2025 | ||
Acqui-Hired | Jun 27, 2022 | ||
Business Acquisition | Aug 26, 2021 |
Acquisition trends in Spatial Computing sector in China
Here are the acquisition trends in Spatial Computing sector in China:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | - |
2023 | - |
2022 | 1 |
2021 | 1 |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in Spatial Computing in China
In the year 2025, till December 2025, 2 IPOs happened in Spatial Computing sector in China.
Here are some recent, important IPOs in Spatial Computing sector in China:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 30, 2025 | Hong Kong Exchanges (HKG) | |
Sep 16, 2025 | Hong Kong Exchanges (HKG) | |
Jan 05, 2024 | Hong Kong Exchanges (HKG) | |
Feb 14, 2023 | Shenzhen Stock Exchange (SZSE) | |
Feb 09, 2023 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
Colleges which produce the most Spatial Computing companies in China
Companies founded by alumni from top colleges in the Spatial Computing in China
Most number of Spatial Computing startups in China have been founded by alumni from Tsinghua University, Hong Kong University of Science and Technology (HKUST) and Stanford University.
College | No. of companies |
|---|---|
Tsinghua University | 11 |
Hong Kong University of Science and Technology (HKUST) | 4 |
Stanford University | 3 |
Harvard University | 2 |
University of California (Berkeley) | 2 |
Duke University | 1 |
HEC Paris | 1 |
London School of Economics and Political Science | 1 |
Massachusetts Institute of Technology | 1 |
Nanyang Technological University (NTU) | 1 |
Total funding in Spatial Computing companies founded by alumni from top colleges in China
In the last 10 years, Tsinghua University graduates' Spatial Computing companies in China have raised the most funding among top colleges. Stanford University alumni are second, and University of California (Berkeley) alumni are third.
College | Total Funding |
|---|---|
Tsinghua University | $888M |
Stanford University | $599M |
University of California (Berkeley) | $63.1M |
HEC Paris | $15.8M |
Hong Kong University of Science and Technology (HKUST) | $13.9M |
Duke University | - |
Harvard University | - |
London School of Economics and Political Science | - |
Massachusetts Institute of Technology | - |
Nanyang Technological University (NTU) | - |
Top News in Spatial Computing in China
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KraneShares Launches Humanoid & Embodied Intelligence Index UCITS ETF (KOID) on the London Stock ExchangeGlobeNewswire•Oct 09, 2025•Horizon, UBTECH, KraneShares, RoboSense and 4 others
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Standard Chartered forms joint venture to issue stablecoins in Hong KongThe Business Times•Aug 08, 2025•Standard Chartered, Animoca Brands, Anchor Point Financial, HKT
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DigitalX Secures $13M+ From Animoca, UTXO to Expand BTC Holdingsbitcoinethereumnews.com•Jul 08, 2025•DigitalX, Animoca Brands, Utxo Management, ParaFi and 1 other
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Pimax & Motorsport Games Partner After $2.5M Investment, Boosting VR Sims PositionRoad to VR•Jun 06, 2025•Pimax, Motorsport Games
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Astar Network Partners with Animoca Brands to Bring Japanese Entertainment IP On-Chainneweconomy.jp•May 22, 2025•Astar Network, Animoca Brands
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Visa Partners Stripe-Owned Bridge to Launch Stablecoin Payment CardsGadgets 360•May 01, 2025•Animoca Brands, Visa, Stripe
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The Sandbox Partners with Bruce Lee Enterprises for Metaverse DebutVentureBeat•Apr 23, 2025•The Sandbox, Bruce Lee
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Fjdynamics Introduces Eco-friendly Robotic Solutions For Turf Care And MaintenancePR Newswire•Mar 25, 2025•FJ Dynamics
