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Shenshi News | Breaking New Ground and Exploring New Tracks: Shenzhen's Unicorns Pick Up Speed
Recently, Shenzhen TV’s Shenshi News aired a special report titled Breaking New Ground and Exploring New Tracks: Shenzhen’s Unicorns Accelerate Forward. The report focuses on Shenzhen’s innovation nurturing ecosystem and the growth momentum of unicorn enterprises. Wang Jun, President of JUMBO SHEEN Fund, was invited for an on-camera interview. From a capital perspective, he interpreted Shenzhen’s industrial nurturing philosophy of “invest early, invest in small ventures, invest for the long term, and back hard technology”, and analyzed how patient capital fuels the rise of local unicorns and advances high-quality urban development.
As core engines driving technological innovation, opening up new areas and industrial tracks, and fostering new growth drivers and competitive strengths, unicorn enterprises serve as a key benchmark for measuring the vibrancy of regional innovation ecosystems, scientific and technological prowess, and economic vitality. To fully implement the innovation-driven development strategy, facilitate a virtuous cycle among technology, industry and finance, and build a professional platform connecting high-growth tech firms with capital markets, the 2026 China (Shenzhen) Unicorn Enterprise Conference – Future Unicorn Financing Roadshow was successfully held in Nanshan District, Shenzhen on July 15.
Upholding Shenzhen’s original aspiration for sci-tech advancement, the conference thoroughly practiced the core investment tenet of “invest early, invest in small ventures, invest for the long term, and back hard technology”. Centered on cutting-edge hard technology and key future industrial tracks, it rigorously selected high-quality innovation projects nationwide featuring robust technological moats, immense growth potential and strong industrial chain spillover effects.
The event built targeted bridges for industry-finance integration, effectively easing financing constraints facing outstanding tech enterprises. It supports promising innovation projects to overcome development hurdles and evolve into next-generation unicorns, laying a solid foundation for Shenzhen to continuously cultivate new quality productive forces and galvanize new momentum for innovation-driven economic growth. Wang Jun, President of JUMBO SHEEN Fund, attended the conference as a commenting panelist. He took an active part in evaluating high-quality tech projects and discussing industrial trends, empowering innovative companies to connect with capital markets efficiently.
Unicorns: The Core Barometer of Shenzhen’s Innovation Vitality
Unicorn enterprises refer to robust tech innovators established within a decade with a valuation exceeding USD 1 billion. Those valued above USD 10 billion are defined as super unicorns. They act as core carriers of new industries, new technologies, new business forms and new models, and serve as a direct gauge of a city’s new economic dynamism and the development level of new quality productive forces.
Leveraging its “20+8” strategic emerging industrial clusters and future industry layout, Shenzhen has built a nurturing system covering the entire corporate lifecycle. Technology iteration speeds up and innovation achievements are rapidly translated into applications across major sci-tech parks. A large number of high-growth tech unicorns have flourished, emerging as a core engine propelling the city’s industrial upgrading.
Statistics attest to Shenzhen’s solid sci-tech strength. According to the 2026 China Unicorn Enterprise Research Report, Shenzhen is home to 47 unicorn enterprises, ranking third nationwide. These firms focus on cutting-edge core tracks including intelligent robots, embodied intelligence and semiconductors, with an aggregate valuation nearing RMB 1.2 trillion.
More notably, Shenzhen ranks first nationwide across four key metrics: newly added unicorns, number of super unicorns, total invention patents held by unicorns, and average invention patents per unicorn. Its prowess in hard-core innovation firmly places the city in the country’s top tier.
The vigorous growth of unicorns stems not only from the internal drive of enterprises to continuously delve into technological research, but also from Shenzhen’s well-rounded supporting policies for scientific innovation and diversified, multi-layered capital support ecosystem.
Wang Jun of JUMBO SHEEN Fund on Shenshi News: Patient Capital Fuels Unicorn Growth
In the report, Wang Jun, President of JUMBO SHEEN Fund, shared professional views on the development status of Shenzhen’s unicorn industry:
“Virtually all unicorn enterprises are covered within Shenzhen’s ‘20+8’ industrial clusters. Shenzhen has consistently encouraged investment in early-stage, small-scale ventures with a long-term horizon targeting hard technology. From the early Tianshi Fund of Funds, the rollout of industrial CVC (Corporate Venture Capital) funds, to large-scale special-purpose funds, ‘patient capital’ gives strong impetus to these projects and enables their rapid development and growth.”
JUMBO SHEEN Fund, a long-term player in equity investment and hard technology investment, always aligns with Shenzhen’s industrial development strategy and adheres to the investment philosophy of “patient capital”, focusing on cutting-edge hard-tech enterprises. Backed by Shenzhen’s sophisticated multi-level capital ecosystem consisting of fund of funds, industrial funds and special-purpose funds, early-stage sci-tech startups are freed from financing difficulties. They obtain stable financial support for R&D iteration, market expansion and scaled development, allowing a great number of promising enterprises to steadily grow into industrial unicorns.
Two-way Empowerment via Capital and Industry: Shenzhen’s Sci-Tech Tracks Keep Accelerating
Shenzhen continues to improve the full-chain system for fostering innovation. On one hand, it rolls out industrial support policies to unleash enterprises’ innovation vitality; on the other hand, it builds a diversified capital matrix to smooth the pathway for translating laboratory innovations into industrial applications.
Local investment institutions represented by JUMBO SHEEN Fund closely follow the city’s “20+8” industrial plan and keep increasing allocations to frontier tracks including intelligent equipment, semiconductors and artificial intelligence. They focus on discovering tech enterprises with solid technological moats, help hard-tech companies realize commercialization, and accelerate their growth into the backbone of Shenzhen’s unicorns.
Full video link of the news report: https://www.sztv.com.cn/ysz/dsdb/szws/ssxw/83824954.shtml
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