Hefei Innovation Industrial Park emerges as powerhouse for unicorns

The Hefei Innovation Industrial Park in the Hefei National High-tech Industry Development Zone has over the years grown into a powerhouse for unicorn and potential unicorn enterprises in the country.

Unicorns refer to privately held firms with a valuation of $1 billion or more. According to a report released by GreatWall Strategy Consultants, the park is home to three unicorns and six potential unicorns.

More unicorns are expected to emerge in park, which currently has around 1,330 enterprises, in the coming years and contribute to the development of the Hefei high-tech zone into an influential sci-tech hub.

An aerial view of Hefei National High-tech Industry Development Zone. [Photo/WeChat ID: hefeigaoxinfabu]

One of the standout companies in the park is HaiTu Sense, a high-tech chip firm that specializes in the research and development of high-speed, high-performance CMOS image sensor chips.

The company recently completed a Pre-B round of equity financing worth hundreds of millions of yuan, which will be used to increase production scale and improve product development.

Headquartered in Hefei, the company has R&D centers in Shanghai, Shenzhen, and Tokyo.