The Belt Guangdong Jiateng Robot Automation, a veteran mobile-robot maker, has closed a strategic round of tens of millions of yuan led by Hella-CTRL, with Dahe Fund and Jinmu Capital following. Orient Paper has held about 19.84 per cent since a 2014 strategic stake, remaining the second-largest shareholder. The new capital lines up tightly with the robotics … Read more
Beijing Zhongke Yuandongli Technology has closed a B2 round of several hundred million yuan led by Chery Intelligent Technology, under Chery Holdings. Tianyancha records eight rounds to date. Spun out of the Chinese Academy of Sciences Institute of Microelectronics, it is a national little giant specialised SME for agricultural robots, led by academician Li Deyi … Read more
Deep-sea Intelligence, a Harbin Engineering University spin-out, has announced a Series A of over 500 million yuan, unveiled on 13 August. The investor list spans top market funds and state capital: Guanghe Venture, Fortune Capital, GGV, a TotalEnergies-managed fund under Cathay Capital, CICC Investment and China Insurance Investment, with returning backers including Zhengxuan Investment, Yunze … Read more
Mifeng Technology, a one-stop physical-AI data service platform, has closed a new several-hundred-million-yuan round led by China Telecom, with Zhangjiang Group following and Sequoia China and Yuanqi Innovation topping up. Founded about half a year ago, the company has now raised multiple rounds from state platforms, top funds and industry players. MEgo devices collect physical … Read more
DataSmart, a humanoid foundation-model company, has closed a nearly 500 million yuan Angel++ round from listed-industry players and top financial investors. It is the sixth round the company has raised since its founding just half a year ago. DataSmart trains whole-body humanoid models on real interaction data. (Source: LeiPhone) Prior backers include whole-machine makers AgiBot, … Read more
LimX Dynamics, the Shenzhen humanoid-robot maker, has closed a Pre-IPO round of nearly $200 million, pushing its post-money valuation to 15 billion yuan and into the ranks of China’s super unicorns. Over the past six months the company has raised a cumulative $400 million, building a war chest for its next capital-market move. LimX Dynamics … Read more
Google DeepMind said Gemma, its open model family, has passed 1 billion downloads, roughly two and a half years after its February 2024 launch. Developers have spawned 100,000 variants, and the model has reached a NASA satellite and decoded dolphin sounds. But the most striking use is inside cancer research. A team from Google DeepMind, … Read more
A new wave of chip funding is clustering under one label, “3D stacking”, but the companies behind it are solving three different problems. Near-memory computing, compute-in-memory and 3D near-memory sound alike and some have raised about 1 billion yuan across two rounds, yet their markets and proof points diverge. The first route recombines logic chiplets, … Read more
Alibaba’s latest results make one awkward point: while the spotlight sits on model and app layers, the shortest-term AI profit is in cloud and silicon. In the first quarter of fiscal 2027, the April to June 2026 period, Alibaba Cloud revenue reached 48.74 billion yuan, about 6.8 billion dollars, up 45 per cent year on … Read more
China’s surgical robotics funding fell from about 30 rounds in 2021 to just 9 in 2024, even as 2026 brings a wave of IPO filings. Zhenghang Medical listed in Hong Kong on 30 June as a puncture-surgery-robot maker, while Huake Precision’s STAR Market IPO was accepted. The contrast hides the real story: a survival race … Read more