Winner Technology
A publicly listed AI and big data solutions provider expanding into additive manufacturing (3D printing) for IP文创潮玩 (IP cultural/creative toys).
- CEO / Founder
- 江泽星
- Team Size
- 501-1000
- Stage
- Public
- Total Funding
- $203M
- Latest Round
- IPO
- Key Investors
- 红杉资本 (Sequoia Capital China); 涌铧投资 (Yonghua Investment); Public shareholders (Shenzhen Stock Exchange)
Technology & Products
Key Products
Digital Mall (AI客流解决方案, 商场大数据服务, AI导视, 元宇宙); Digital Store (智慧门店AI客流, 远程巡店, AI商显); Digital Government (城市商业大数据平台, 公共空间态势感知); Digital Legal (智慧科技法庭, 智慧调解室); 3D Printing Services (via subsidiary 金石智汇 - one-stop 3D printing intelligent platform for cultural/creative toys)
Technological Advantage
22 years of AI/computer vision expertise; proprietary IPVA intelligent video客流 analysis system; 4000+ enterprise customers across 460+ cities; exclusive partnership with Bambu Lab (拓竹科技) for 15,000-unit 3D printing farm; controlling shareholder (江泽星) brings deep 3D printing industry expertise via Kings 3D (金石三维).
Differentiation
Value Proposition
Combines AI, big data, and 3D printing to provide digital solutions for shopping malls, retail brands, government, and public institutions, while building the world's largest 3D printing factory for mass production of cultural/creative toys.
How They Differentiate
Unlike pure 3D printing service bureaus, 汇纳科技 brings AI-driven design optimization, big data consumer insights, and massive scale (15,000 printers) to the cultural/creative toy market. Unlike Pop Mart (pure brand/IP play), they control the full manufacturing chain via 3D printing. Their AI heritage enables smart排产 (intelligent scheduling) and工艺参数自适应 (adaptive process parameters).
Market & Competition
Target Customers
Shopping malls & department stores; retail brands; government & public institutions; consumers of IP cultural/creative toys (潮玩文创).
Industry Verticals
Retail/Commercial Real Estate; Government/Public Services; Legal/Judicial; Cultural/Creative Products (潮玩文创); Additive Manufacturing
Competitors
泡泡玛特 (Pop Mart) - in IP cultural toy market; 先临三维 (Shining 3D) - in 3D printing services; 汉邦科技 (Hanbang Technology) - in industrial 3D printing
Growth & Milestones
Growth Metrics
2025 Revenue: ¥3.07B RMB (~$424M), -15.47% YoY; 2025 Net Loss: ¥83.46M RMB; 2026 Q1 Revenue: ¥67.56M RMB, +29.03% YoY; 543 employees (2025 annual report); Market cap ~¥4.4B RMB (~$600M)
Major Milestones
2004: Founded in Shanghai; 2006: IPVA intelligent video客流 system recognized as Shanghai high-tech project; 2008: National High-Tech Enterprise certification; 2012: Investment from Sequoia Capital China & Yonghua Investment; 2017: IPO on Shenzhen ChiNext (300609.SZ); 2020: Strategic cooperation with Ministry of Commerce; 2025: Controlling stake acquired by 江泽星 (Kings 3D founder); 2025: Subsidiary 金石智汇 established for 3D printing; 2025: Strategic partnership with Bambu Lab for 15,000-unit 3D printing factory; 2026: Proposed ¥7.39B RMB private placement for 3D printing expansion
Notable Customers
万达广场 (Wanda Plaza); 龙湖天街 (Longfor); 凯德集团 (CapitaLand); K11; 华润 (China Resources); vivo; 屈臣氏 (Watsons); 耐克 (Nike); 苹果 (Apple); 国家商务部 (Ministry of Commerce)