Laxcen Technology has entered the top ten in global RFID competitiveness, making it the only Chinese company to achieve this.

Chao News Reporter Wang Bo, Shared Alliance · Pan Huo, Hu Yini

In the global RFID industry landscape, a company from Ningbo is gaining increasing international attention. Recently, Tracxn, a leading international data platform, released its 2025 “RFID Competitors and Alternatives” ranking, and Laxcen Technology Co., Ltd., located in Panhuo Street, Yinzhou District, Ningbo, successfully entered the top ten globally, becoming the only Chinese company on the list.

Compared to the previous round of evaluations, Laxcen Technology’s ranking has further improved, demonstrating its continuous progress in technological capabilities, product portfolio, and market performance. This result also marks the first time a Chinese RFID company has secured a place in the top ten of this ranking.

Founded in 2012, Lixin Technology has long been deeply involved in the field of IoT RFID, building a complete capability system from product design and R&D to large-scale manufacturing around the core technologies of RFID and NFC. In recent years, the company has continuously expanded its international cooperation, and its business has entered major markets such as Europe and the United States, forming a stable overseas customer base. Its RFID readers, RFID tags, and related RFID solutions have been widely applied in various scenarios such as apparel management, aviation operations, retail distribution, and logistics tracking.

Tracxn, the company that released this list, is a globally renowned data platform for startups and private equity, ranking alongside PitchBook, Crunchbase, and CB Insights as a crucial source of information for international capital markets. Its research findings are widely used in industry assessment, competitive analysis, and investment decisions, serving numerous leading global investment institutions, investment banks, and strategic departments of large enterprises, and thus holding high authority within the industry.

As a science and technology innovation enterprise rooted in Panhuo Street, Laxcen Technology’s inclusion in the global top ten not only reflects the company’s long-term accumulation in the RFID field but also demonstrates the phased achievements of Yinzhou District in continuously promoting technological innovation and cultivating high-growth enterprises, adding a new dimension to the development of the regional IoT industry.

View the latest “RFID Industry Dynamics” here.