The Belt 
OpenRouter, the leading large-model API aggregator, is reported to be seeking a buyer and talking to several technology giants. The twist: just two months earlier it closed a 113 million dollar Series B led by Google’s CapitalG, with Nvidia, Snowflake, Databricks and ServiceNow alongside, at a 1.3 billion dollar post-money valuation, processing over 100 trillion … Read more
Amid a humanoid sector where valuations inflate faster than deployments, one American company is pitched as the most commercially successful of the bunch, and it is taking that claim to the public market. On 24 June Agility Robotics signed a merger with Churchill Capital Corp XI to list on Nasdaq at a 2.5 billion dollar … Read more
On 30 July Google DeepMind released Gemini Robotics 2, a family spanning a vision-language-action model, a reasoning model and an on-device model, and for the first time delivering whole-body control of a humanoid. Google’s play is simple to state: own the robot brain layer. In the phone era it sold few handsets but reached most … Read more
One year ago China’s dexterous-hand field was a pile of demos. Capital was thin, most makers were still validating designs, and annual output sat in the hundreds or low thousands, good for trade shows but not for factories or whole robots. That phase is over. Money moved first. Full-year dexterous-hand funding reached 16.88 billion yuan … Read more
On 17 July a whistleblower letter wiped more than 12 per cent off Dobot’s Hong Kong shares in a single day. Song Tao, who describes himself as a co-founder and former chief operating officer, accused the collaborative-robot maker of hiding a stake dispute in its A-share prospectus. The claim is specific. Song says a January … Read more
On 28 July BYD confirmed to Chinese media that its humanoid robot product will officially go to work in August, marking the company’s shift from a carmaker into a broader ecosystem technology group. The same day, the 2026 Fortune Global 500 list landed. BYD displaced Tesla as the world’s top electric vehicle seller and became … Read more
China has finally fixed a date. The Ministry of Industry and Information Technology has opened public consultation on the approval draft of a mandatory national standard covering safety requirements for automated driving systems. It replaces a recommended standard with a legal floor for L3 and L4, and it is scheduled to take effect on 1 … Read more
China’s Ministry of Industry and Information Technology published the 410th batch of its road vehicle production catalogue on 7 August. The filing is a compulsory disclosure rather than a marketing event, which is why the industry reads it so closely. Dimensions, motor outputs, battery chemistry and cell suppliers all appear before a car is launched. … Read more
Five days separated the two events, and nearly ten thousand kilometres. On 27 July Baidu’s Apollo Go began public-road testing with nobody in the vehicle at all on Hong Kong’s airport island, the first fully driverless deployment anywhere in a left-side, right-hand-drive traffic system. On 28 July its sixth-generation RT6 appeared on the streets of … Read more
On 30 July, InnoLight rang the bell in Hong Kong, raising 53.4 billion HK dollars, about 6.8 billion US dollars, with greenshoe. The issue price was 980 HK dollars. Its A-share fell 9.15 per cent that day and the Hong Kong debut closed down 2.04 per cent, breaking issue on day one. Yet the queue … Read more