The Belt 
In China’s embodied AI sector, 20 billion yuan has become the new threshold for admission to the top tier. At least five companies, ZhiPingFang, ZiBianLiang, XingHaiTu, QianXun Intelligence and Galaxea, have crossed that valuation line. The number is striking because private-market funding across China fell 32.65 per cent in the first half of 2026, and … Read more
Moore Threads, the Chinese GPU designer that listed on Shanghai’s STAR Market in December 2025, plans a secondary offering in Hong Kong less than a year later. The company disclosed the plan alongside first-half results showing revenue of 1.736 billion yuan, up 147 per cent year on year. Moore Threads is pitching its KUAE ten-thousand-card … Read more
On 27 July 2026, a ten-year-old memory-chip maker from Anhui province briefly became the most valuable listed company in China. CXMT, the country’s only domestic supplier of mass-market DRAM, closed its first day of trading with a market capitalisation of 3.28 trillion yuan. The stock rose 465.82 per cent from its issue price. CXMT’s market … Read more
IJCAI-ECAI 2026 runs from 15 to 21 August in Bremen, Germany. As the comprehensive top conference in AI, IJCAI has long been the exam hall where the industry’s big labs show what they really achieved in the past year. Who made real progress on which front, which technical routes are consolidating into consensus, the papers … Read more
One of the most star-studded “fusion” papers of the year in video generation and embodied intelligence has just appeared. A few days ago, a paper titled Masked Visual Actions for Unified World Modeling landed on arXiv. It has not yet spread through the academic circuit, but it is about to blow up. The author list … Read more
X Square Robot has open-sourced HOST, a framework that lets a robot watch one short video of a human performing a task and learn to replicate it, without retraining the model. In tests, a single 29-second demonstration video yielded a 62 per cent success rate on novel skills, using only one-fiftieth of the data and … Read more
Four desktop arms and two wheeled robots spent 15 hours assembling a 3.5-metre Great Wall from 82,000 micro building blocks at WAIC 2026. The team behind it, Force Machina, used the demonstration to prove something less visible but more important: a complete system that can run fine manipulation, error recovery and multi-robot coordination continuously for … Read more
Arm China has bet its entire product roadmap on AI. At WAIC 2026 this month, the company unveiled upgrades across all four of its IP lines, NPU, CPU, SPU and VPU, alongside three newly formalised business tracks covering Edge AI, Physical AI and Cloud AI. The strategic pivot was set last year under the “AI … Read more
X Square Robot has filed confidentially for a Hong Kong listing. The Shenzhen-based embodied AI company, founded in December 2023, has completed 14 funding rounds and reached a post-money valuation above 20 billion yuan after a four-round sprint from Series B to C between April and June this year. X Square develops physics-world-native foundation models … Read more
China’s largest industrial 3D vision company has cleared the regulatory hurdle for a Hong Kong listing. Mech-Mind Robotics, founded by Tsinghua returnees in 2016, received CSRC approval on 7 August to proceed with its IPO. The filing sets out an offer of up to 27.48 million overseas ordinary shares on the Hong Kong Stock Exchange. … Read more