An insight into DJI (Da Jiang Innovations), the world’s leading drone manufacturer. This video provides information about the company’s history, its founder, financial details, and more.
Below is an outline of the PowerPoint featured in the video:
Introduction to China’s 100 Most Influential Tech Companies
- DJI
- 大疆创新科技有限公司
1, Company History
- Established in 2006
- Commenced domestic sales in 2008 and expanded internationally in 2009
- In 2012, developed stabilization technology for high-quality drone footage
- In 2015, The Economist recognized DJI as an industry leader in civilian drones
2, Meet the Founder
- Frank Wang (汪滔 / Wāng Tāo), born in 1980 in Hangzhou
- Received a grant of over $2000 USD from Hong Kong University of Science & Technology to develop drone technology
- Founded DJI in his dorm at HKUST in 2006
- Became the youngest tech billionaire in Asia
3, Financials
- Private Post-Series B Company
- $30 million Series A from Sequoia Capital
- $75 million Series B from Accel Partners
- Currently raising $500 million-$1 billion in Pre-IPO funding @ $15 billion valuation
- Generated revenue of $2.7 billion in 2017
- Experienced a 65% year-on-year growth
4. Drone Line-up
- From The Verge
5, Maintaining Monopoly Status
- Holds 70% global market share for consumer drones
- Commands 70% market share for agricultural drones
- China exports 70% of the world’s supply of drones
6, Wrap-up
- Preparing for an IPO
- Expanding drone market according to the Chinese Ministry of Industry and Information Technology:
- 40% growth for the next two years
- 25% over the subsequent years
ReadWrite, Spoke Intelligence, and LeaguerX entrepreneurial investment all made this video possible. For similar content, view the previous video from the “100 Most Influential Chinese Companies” series on Tencent.
If you are an entrepreneur outside of China looking to explore the Chinese market and see the potential for your business to expand, please reach out to us at LeaguerX. We specialize in enabling cross-border technology companies to enter the Chinese market and are currently accepting applications for our acceleration program to assist companies in expanding to China.
