The Belt

ModelBest and OpenBMB open-source ForgeStencil, rewriting 100-plus HPC programs in a week with zero human experts

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China sits at the pivot from manufacturing giant to smart-manufacturing power, and industrial software, CAE simulation, fluid compute and electromagnetic EDA, is the bridge. Domestic industrial software has advanced fast in algorithms and physics modelling toward self-reliance, yet in aerospace, chip design and energy exploration it hits one core bottleneck: not enough speed, it runs … Read more

US warehouse-AMR unicorn Locus Robotics raises US$41.6 million G round backed only by existing investors

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Locus Robotics, a US warehouse autonomous-mobile-robot unicorn, has closed a G round of US$41.6 million (about RMB 280 million), with the entire amount coming from existing shareholders. The round is not yet closed and the company has not disclosed a target, the full investor list, use of proceeds or the latest valuation. Locus Robotics autonomous … Read more

Xiaomi’s next humanoid stands 1.7 metres, weighs 66 kg and puts half its 66 degrees of freedom in the hands

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On 19 August, per a National Business Daily leak, Xiaomi’s next humanoid robot stands about 1.70 metres, weighs 66 kg and carries 66 degrees of freedom, with half of them in the hands. Xiaomi planned to show it to the public for the first time at the 2026 World Robot Conference opening on 19 August, … Read more

Collaborative-robot and humanoid Tier-1 supplier FAORA starts A-share IPO tutoring with Shunwei, Hillhouse, Meituan and Alibaba on its cap table

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Jiangsu regulators disclosed on 5 September that FAORA (Suzhou) Robotics has entered an A-share IPO tutoring period, with Guotai Haitong Securities leading the pre-listing work. The filing shows a hard-tech robotics cohort has reached the crossroads of public-market scrutiny. Founded in 2019 and restructured into a joint-stock company in 2026, FAORA built its base on … Read more

Jieluo Intelligent breaks ground on RMB 1.2 billion Suzhou base for rail-free navigation robots and wafer storage

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Jieluo Intelligent Equipment (Suzhou) recently held a ground-breaking for its headquarters project in Wuzhong district. The site covers 42.5 mu, about 70,000 square metres, with total investment of RMB 1.2 billion, building a headquarters base to make 2,000 rail-free navigation robots (AMRs) and 500 wafer-smart-storage units a year, pitched at RMB 2.5 billion in annual … Read more

Standard Robots files for Hong Kong IPO a third time, touting 1,800-plus robot shipments in the first half

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Standard Robots filed a Hong Kong prospectus for the third time on 27 July, this time through the 18C channel for pre-profit specialist-technology issuers. The prior two filings, in June 2025 and January 2026, had lapsed on review timing. Days earlier the company, with the Hong Kong University of Science and Technology (Guangzhou), won the … Read more

Guangdong’s Jiateng Robotics closes tens-of-millions strategic round, deepening its Shenzhen-anchored embodied chassis bet

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Jiateng Robotics, a veteran Guangdong mobile-robot firm, has closed a tens-of-millions-yuan strategic round after a twelve-year gap, led by Shenzhen-listed control specialist Hetitec with Daohe Fund and Jinmu Capital following. Oriental Precision first took a strategic stake back in 2014 and still holds about 19.84 per cent as the second-largest shareholder. The cap table is … Read more

PaXini closes RMB 1 billion strategic round, pushing total funding past RMB 4 billion as tactile sensing becomes its moat

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PaXini has disclosed a new RMB 1 billion strategic round that lifts its cumulative funding to nearly RMB 4 billion. The investor line spans industrial capital, financial institutions, regional AI funds and market players, with the lead reported to include a global consumer-electronics and semiconductor leader and backers such as BOC International, the Kunpeng fund … Read more

CAS spinout Zhongke Yuandongli closes several-hundred-million-yuan B2 round led by Chery for smart farm robots

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Zhongke Yuandongli, an agricultural-robotics national “little giant” spun out of the Chinese Academy of Sciences, has closed a several-hundred-million-yuan B2 round led by the smart-technology arm of carmaker Chery. The proceeds go mainly to research and development of new-energy smart farm machinery and embodied-intelligence agricultural robots, to scaled delivery and to faster overseas expansion. Tianyancha … Read more

Light-industrial robot maker Yifei debuts in Hong Kong after a record 14,855-times retail oversubscription

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Yifei Intelligent Technology, a Zhejiang maker of light-industrial robots, has listed on the Hong Kong Stock Exchange main board, claiming the title of first all-category light-industrial robot stock. The offering caps a run that began with a 2025 domicile move from Jinan to Taizhou and a first prospectus filed five days later. The global offering … Read more