PaXini closes RMB 1 billion strategic round, lifting cumulative embodied-AI funding to nearly RMB 4 billion

The embodied-intelligence industry does not lack robots that can deliver one pretty demo. What it lacks is robots that can repeat the same task ten thousand times in a real setting and still come back stable and reliable. PaXini has disclosed a RMB 1 billion strategic round, lifting its cumulative funding to nearly RMB 4 … Read more

Shenzhen opens a five-party night-delivery pilot with Neolix autonomous vehicles as the tech core

Shenzhen has switched on China’s first “five-party co-operation” autonomous-delivery framework, a model that splits responsibility for self-driving logistics across technology, assets, operations, commerce and regulation. The pilot went live in Longgang district, with Neolix (Xinshidai) brought in as the core technology provider. Neolix autonomous delivery vehicle deployed in Shenzhen’s five-party night-logistics pilot. (Source: Sznews) The … Read more

CNPC Kunlun to trim Shandong Future Robot stake at RMB 3.15 billion valuation as deep-sea bet matures

The Shanghai United Assets Exchange disclosed an equity listing: CNPC Kunlun Capital will transfer 0.6349 per cent of Shandong Future Robot, or 234,372 shares, at a RMB 20 million floor. Kunlun holds 10.386 per cent and is the second-largest shareholder, so the move is small optimisation ahead of a capital increase, not a state exit. … Read more

Siasun-affiliated Dianshi Tech to raise at least RMB 50 million as industrial cleaning robots scale

Dianshi Tech, a subsidiary of Siasun Robotics, plans to raise at least RMB 50 million through a public capital increase on the Beijing exchange, bringing in at least three investors. After the round it will leave Siasun’s consolidated statements; Siasun currently holds 100 per cent through its Shenyang Xinzhi unit. Backed by Siasun, Dianshi focuses … Read more

Delin Capital dangles RMB 2 million cash and up to RMB 5 million more in equity for AI founders

The Delin Cup 2026 AI Startup Contest lays out its rewards first. The champion takes RMB 2 million in cash, unconditional and equity-free, a sum that dwarfs the RMB 300,000 to 600,000 typical of domestic AI contests. Up to 15 finalist teams enter a roughly 4,000-square-metre Delin Residency for ten weeks of deep incubation. During … Read more

DeepSeek to deploy 160,000 Huawei Ascend chips for inference as training stays on Nvidia

Citing people familiar with the matter, Bloomberg reports that DeepSeek plans to deploy at least 160,000 Huawei Ascend 950DT accelerators in a data centre under construction in Ulanqab, Inner Mongolia, one of the largest Huawei AI chip clusters known. DeepSeek and Huawei have not commented. The purpose is clear. The chips will run already-trained models, … Read more

Lei Jun-backed Surge Robotics wins STAR Market IPO acceptance for single-port surgical robot

Surge Robotics, one of domestic surgical robotics’ so-called four small dragons, has won acceptance for a STAR Market listing, its second attempt after a 2023 CITIC tutoring round was abandoned. It restarted the process in November 2025, filed in December and completed tutoring in June 2026. The firm is using the STAR fifth standard, which … Read more

Tencent-backed FJ Dynamics refiles Hong Kong IPO as adjusted profit turns positive

FJ Dynamics has refiled its Hong Kong prospectus after a September 2025 attempt lapsed. The agricultural and industrial robot maker counts Tencent, Shenzhen Capital, DJI (later exited), VW Transport, Dongfeng Motor and China Post Investment among its backers. Proceeds will widen its product matrix, lift research capability and raise global penetration. Founded in 2017, the … Read more

Standard Robots files Hong Kong prospectus for a third time at a RMB 2.1 billion pre-IPO valuation

Last Friday, Standard Robots and a team from the Hong Kong University of Science and Technology (Guangzhou) won the logistics-sorting world title at ICRA 2026, the second global dual-arm robot skills challenge. Days later, on 27 July, the firm filed its third Hong Kong prospectus through the 18C pre-revenue specialist-tech channel, after two earlier applications … Read more

Collaborative-robot leader Dobot heads to ChiNext hearing, chasing the title of first A-share cobot stock

In June 2025 a Shenzhen comprehensive-reform opinion let Greater Bay Area companies listed in Hong Kong return to the Shenzhen exchange under policy rules, opening a fresh capital path. Dobot, which landed on the Hong Kong bourse in December 2024, seized the opening as the first GBA H-share-to-A case, announced a Shenzhen listing in December … Read more