The Belt 
Deep Robotics filed its STAR Market IPO reply, seeking 2.502 billion yuan even though its profit comes from quadruped dogs and its humanoid sold just 4 units in two years.
Estun will pay 487 million yuan for 100 per cent of loss-making Cuzhuo at a 901 per cent premium, betting on collaborative and humanoid robots to complete its range.
Canchen Tech closed a tens-of-millions yuan seed-to-angel series to build AI virtual-organ digital twins that may replace parts of animal testing, backed by a new Chinese regulatory pilot.
PaXini has raised a new 1 billion yuan strategic round, taking total funding to 3.5 billion yuan, with a trillion-yuan semiconductor giant and sovereign funds now on the cap table.
Yuanchuan Micro, founded by a 22-year Huawei veteran, has closed a nine-figure yuan Pre-A round led by IDG Capital to build LPU-class inference chips for the Agent era.
China’s 3D-stacking chip startups share a label but solve three different problems. A teardown of the logic-recombine, memory-expand and compute-in-storage routes, and why domestic firms bet on the third.
Spot prices for NVIDIA’s B300 have climbed from about 570,000 dollars to more than 1.7 million dollars a unit in China since Lunar New Year. The scramble is reshaping how Chinese buyers source compute, build inference chips and price tokens.
Sand.ai released and open sourced MAGI-2 Preview, a 114-billion-parameter mixture of experts video model that activates about 6 billion parameters per forward pass and ranks sixth globally on image to video.
Chinese world model startups disclosed about 30 billion yuan of funding in the first half of 2026, rising above 90 billion yuan once embodied AI is included. IDEA chair scientist Zhang Lei argues most of what is being funded does not qualify.
Paul Meade, the Apple vice president who ran Vision Pro hardware engineering for seven years, is joining OpenAI’s hardware team after a reorganisation left him reporting a layer further down.