ApplicationXiamen, Fujian, ChinaFounded 2016· One of 370 Application companies tracked by AMPulse
Provides 3D portrait photography services including 3D scanning booths, AI reconstruction software, and full-color resin printing for businesses to create custom figurines and keepsakes.
CEO / Founder
Libin Kuang
Team Size
51-200
Stage
Active
Total Funding
$30.0M
Latest Round
Pre-IPO
Key Investors
Kingswood Capital Markets (underwriter), Libin Kuang (founder, 56.6% pre-IPO)
Technology & Products
Key Products
3D photography booths, AI reconstruction software (Suxiang AI), full-color resin 3D printers, model finishing services
Technological Advantage
Proprietary AI 3D reconstruction software (Suxiang AI), multi-camera capture booth technology, full-color resin printing expertise, 34% market share in China's 3D portrait market
Differentiation
Value Proposition
Full-stack 3D portrait photography solution with proprietary AI reconstruction and full-color resin printing for lifelike figurines.
How They Differentiate
Proprietary full-stack solution (booth + AI software + printing), 34% market share in China, expanding global presence
Market & Competition
Target Customers
Retail shops, photography studios, and businesses offering 3D portrait figurines and keepsakes to end consumers
Industry Verticals
Consumer Goods, Retail, Photography, Events/Weddings, Entertainment
Competitors
Other 3D portrait photography service providers in China, traditional photo booth/figurine makers
Growth & Milestones
Growth Metrics
$2M revenue in 2024; 90 employees; customers in 20 Chinese provinces and 9 countries; 34% market share in China's 3D portrait market
Major Milestones
Founded 2016 in Xiamen; filed for Nasdaq IPO under SUWA (Sep 2025); 34% market share in China's 3D portrait market; expanded to 9 countries
Xiamen Suxiang Technology occupies a niche in the consumer 3D printing market by offering a complete, turnkey solution for creating lifelike full-color figurines. Unlike traditional photo studios or generic 3D printing services, the company integrates proprietary hardware and software to deliver sub-second capture, AI-powered model reconstruction, and in-house full-color resin printing. This vertical integration allows retail shops and photography studios to offer personalized keepsakes without needing expertise in 3D modeling or additive manufacturing.
The core product stack includes multi-camera 3D photography booths, the Suxiang AI reconstruction software, and full-color resin 3D printers. The company also provides model finishing services. The technology relies on material extrusion (MEX) for polymer printing, though the key differentiator is the proprietary AI software that converts multiple camera images into a printable 3D model. This approach targets the consumer goods, retail, photography, events, and entertainment verticals, with end customers purchasing custom figurines for weddings, birthdays, and other occasions.
Suxiang claims a 34% market share in China's 3D portrait market, with reported revenue of $2 million in 2024 and 90 employees. The company has expanded to customers in 20 Chinese provinces and 9 countries. In September 2025, it filed for a Nasdaq IPO under the ticker SUWA, with Kingswood Capital Markets as underwriter. Founder and CEO Libin Kuang, who previously ran a photography equipment business, holds a 56.6% pre-IPO stake.
The company's strategic moat rests on its proprietary full-stack solution and first-mover position in a niche market. However, the consumer 3D portrait segment remains small and discretionary, with competition from traditional figurine makers and other Chinese 3D portrait service providers. The IPO filing suggests a need for capital to fund global expansion, but the low revenue base and narrow end-market focus present risks for scaling.
Competitive Intelligence
Competitors, SWOT analysis, and investment insights