The Belt

Astribot closes RMB 1 billion round at RMB 15 billion valuation as cable-drive bet meets the market

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Embodied-intelligence startup Astribot has closed a new financing round of about RMB 1 billion, lifting its post-money valuation to RMB 15 billion, the company announced on 13 October. The round The round was led by Shenzhen Capital’s Donghai arm, with state-backed and financial investors including Hongtai Fund, Ninghai Xingtaihe and Shanheng Capital joining, and existing … Read more

Shenzhen companies take two of five seats in first-half global humanoid revenue ranking

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Frost & Sullivan has published its 2026 Global Humanoid Robot Market Research Report, and the first-half league table reads like a Shenzhen scoreboard. All five of the world’s top humanoid-robot vendors by revenue in the first half of 2026 are Chinese. Two of them are based in Shenzhen. The ranking Global humanoid sales reached 35,000 … Read more

Hai Robotics refiles for Hong Kong IPO with over 4.1 billion yuan in backlog

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Reviving the ACR listing After first filing with the Hong Kong exchange in February 2026, warehouse-automation leader Hai Robotics updated its prospectus on 13 September and restarted its IPO, which could make it the first “ACR” listing in Hong Kong. Before the listing the company completed fifteen funding rounds totalling about 4.13 billion yuan, with … Read more

Lenovo backs Shenzhen exoskeleton maker Miles Robot for a fourth round

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A state fund joins the cap table Shenzhen Miles Robot has closed a new roughly 100 million yuan strategic round led by CICC, the state-backed investment bank, according to 36Kr. The capital accelerates product iteration, brain-computer-interface work and a hospital-to-community-to-home elderly-care push. Lenovo Capital has now invested in four consecutive rounds, alongside Taiyou Fund, Sihuan … Read more

Ruisong Technology to raise 784 million yuan for high-speed six-axis robots

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A placement to scale its own arms Ruisong Technology plans a private placement of up to 784 million yuan, with the net proceeds funding a high-precision, high-speed six-axis robot industrialisation project, an upgraded headquarters and R&D centre, and working capital and debt repayment. The R&D centre will push Nano PLR nanometre-level robot bodies, micro-nano optical-interconnect … Read more

Euler One closes fourth round in six months as a Huawei genius builds home robots

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A Huawei pedigree, a maker-first plan Euler One, a home embodied-intelligence company, announced on 12 October a several-hundred-million-yuan angel-plus round. The investors include Chengyuanxiang Fund, Xinneng Venture, Xizhou International, Topband and Hony Capital, with Value View Capital as sole adviser. It is the company’s fourth financing since its March 2026 founding. Euler One’s first product … Read more

Hangzhou Guoxun Robotics lands two rounds in six months for harsh-scene inspectors

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Two rounds, one focus: the places humans hate to enter Hangzhou Guoxun Robotics has closed two funding rounds in roughly six months totalling tens of millions of yuan, with Jiuzhao Investment, Yueke Finance Group and Liang Venture investing. Yueke Finance Group is Guangdong’s largest state-owned professional mother-fund platform, and its backing signals strong capital confidence … Read more

Pangbot closes several-hundred-million yuan Series B on the back of a sports AI coach

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A ping-pong robot pitches itself as an AI coach AI sports hardware company Pangbot has closed a several-hundred-million-yuan Series B. The round was led by the Shanghai Guotou XianDao fund, with Yuanhe Puhua and Pudong Venture Capital joining and early backer BlueRun adding capital, while Gaohu Capital acted as sole adviser. The proceeds go into … Read more

Chery’s smart-driving chief reportedly exits as the brand bets on in-house intelligence

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A sudden vacancy at the top of Chery’s intelligence push Leiphone’s New Intelligent Driving team reports that Xie Baojun, Chery’s vice president and the operating head of its Intelligent Centre, has apparently left the company. His internal Feishu status shows suspended, and Chery had not responded to the report at publication. Xie joined Chery in … Read more