China’s AI start-ups raised over RMB 300 billion in the first half of 2026

In the first half of 2026, China’s artificial-intelligence start-ups raised more than 300 billion yuan, a sum that already exceeds the sector’s full-year 2025 total in just six months, according to IT Juzi. The figure spans embodied intelligence, chips and every ticket above and below the 100 million yuan line, and marks a clear acceleration … Read more

Lenovo backed it four times running: Shenzhen exoskeleton maker Milesun closes a near-RMB 100 million round

Shenzhen exoskeleton maker Milesun Robotics has closed a new strategic round of nearly RMB 100 million, led by CSC Financial, the state-backed securities arm. The raise accelerates product iteration and the rollout of frontier work such as brain-computer interfaces, while extending the company’s reach from hospital and community into the last mile of home-based care. … Read more

Wanson launches NOVA2.0, its open-world commercial-grade embodied AI brain

Wanson Technology, a flexible embodied-intelligence specialist, has released NOVA2.0, the second generation of its flexible embodied brain and what it calls the industry’s first open-world, all-weather, commercial-delivery-grade embodied-AI architecture. Wanson launched NOVA2.0, its open-world commercial-grade embodied AI brain. (Source: LeiPhone) The architecture grew out of more than 10 million multi-dimensional extreme-condition operations across 40-plus real … Read more

Unitree shares slip below 500 yuan, erasing more than RMB 240 billion in value

On 10 September, Unitree Technology’s shares fell below the 500 yuan level for the first time, touching 498.7 yuan intraday, a sharp comedown from its blockbuster debut. Unitree’s shares slipped below 500 yuan, erasing more than RMB 240 billion in market value. (Source: Gasgoo) By the late morning the stock stood at 500.49 yuan with … Read more

Ex-Huawei autonomous-driving team closes RMB 500 million-plus round for embodied AI

Kinetix AI, also known as Chaowei Dynamics, has closed a series of angel-plus rounds above RMB 500 million, led by Vertex Ventures under Temasek, with Fangguang Capital and Wanshi Capital adding funds, to speed its data-model-entity iteration and productise embodied intelligence. Kinetix AI closed a RMB 500 million-plus angel round for its embodied-intelligence stack. (Source: … Read more

JD.com wants to be the utilities layer beneath China’s robot industry

JD.com has launched its Physical AI Acceleration Plan alongside a Super AI Supply Chain, aiming to build what it calls the world’s largest physical-world operations centre and link data, models, hardware and industry scenarios end to end. JD.com plans 80 robot industry bases and a 10 million-hour embodied-data centre. (Source: Gasgoo) On data, JD Cloud … Read more

Tesla Cybercab’s first five days in Robotaxi service draw cheers and glitches

Five days after Tesla put its production Cybercab into public Robotaxi service, early riders in Austin are split between awe and annoyance. Tesla’s wheel-less, pedal-less Cybercab has joined its Robotaxi fleet for public trials. (Source: CheDongXi) The Cybercab, revealed on 4 September, drops the steering wheel, pedals and mirrors entirely and relies on Tesla’s Full … Read more

China sets 2030 roadmap to become a world auto power through intelligent-connected NEVs

China has published its 15th Five-Year Plan for the intelligent-connected new energy vehicle (NEV) industry, laying out the concrete targets that will define the country’s car sector through 2030. China’s newly published roadmap sets 2030 targets for its intelligent-connected NEV industry. (Source: CheDongXi) The plan, issued by the Ministry of Industry and Information Technology and … Read more

A Harbin Engineering spinout just raised over RMB 500 million for deep-sea robots, and broke China’s export zero

When notable investor Zhu Xiaohu stepped back from humanoid bets and turned to Harbin Engineering-linked Shihang, the deep-sea robot track drew fresh attention. A different Harbin Engineering spinout, DeepSea Intelligence, is taking the industrial deep-sea route, and it is moving to commercial scale faster. A RMB 500 million vote On 13 August, DeepSea Intelligence announced … Read more