Moxin Tech, a four-dimensional world-model start-up founded by a Zhejiang University doctoral student born in 2000, is about to close a new financing round of around 1 billion yuan that would lift its valuation to nearly 10 billion yuan. It would be the firm’s fifth raise this year and its second in a month, after … Read more
INMO, the global smart-glasses brand, has closed its C3 round, led by the Sichuan Zhenxing Sci-Tech Innovation Fund with Jing’an Capital, Shibei Hi-Tech, Guangzhou Industrial Investment and several Sichuan government funds following. Combined with its earlier C1 and C2 rounds, the C series totals nearly 1 billion yuan, and the company says it has formally … Read more
In the first half of 2026, China’s artificial-intelligence start-ups raised more than 300 billion yuan, a sum that already exceeds the sector’s full-year 2025 total in just six months, according to IT Juzi. The figure spans embodied intelligence, chips and every ticket above and below the 100 million yuan line, and marks a clear acceleration … Read more
DeepSeek, one of the so-called Hangzhou Six Little Dragons, is preparing to list on the STAR Market and has engaged CITIC Securities to lead the IPO work, according to the latest reports. In 2026 DeepSeek reversed its long-standing ‘no external funding’ stance. Since its first external round in April, it has run several raises, with … Read more
Zhidx reported on 9 September that US AI coding unicorn Cognition has closed a Series E above US$2 billion, about RMB 13.4 billion, at a valuation of US$48 billion, about RMB 322.1 billion. Cognition co-founder and CEO Scott Wu. (Source: Zhidx) The round was led by new investors a16z and Accel, with existing backers Founders … Read more
Zhidx reported on 8 September that Beijing edge-LLM unicorn ModelBest, together with the OpenBMB open-source community, has open-sourced MiniCPM5-2B, a next-generation edge language base model. The 2-billion-parameter model supports tool calling, deep search and code generation, and shipped day-zero adaptation to Intel, Rockchip and Arm platforms. MiniCPM5-2B benchmark results versus larger open models. (Source: Zhidx) … Read more
On 9 September, at the Inclusion Bund Summit, Hangzhou Laimeng Technology said it had closed a tens-of-millions-yuan angel round for its AI robot, with Fashion Media Group and Hongyi Asset Management co-leading. Fashion Media Group, founded in 1993 with brands across apparel and jewellery, is making its first bet in AI robotics. On 25 September … Read more
In the first half of 2026, large AI-industry financings landed thick and fast across the globe. By Zhidx’s tally, there were 165 domestic-or-over-100-million-yuan AI financing events worldwide in the half, totalling about 2.7 trillion yuan. China and the United States led: China had 77 such events, the most of any country, at about 126.3 billion … Read more
What compute base does personal AI actually need? As phones start to understand intent, call tools and complete tasks continuously, the platform must support a full personal-AI experience, not one model inference. At Arm Everywhere China 2026, Arm released its latest CSS for Mobile 2, where AI plays two roles in the new phone compute … Read more
Demand for desktop AI compute among professional users is growing exponentially, from local large-model fine-tuning and inference to generative-AI design, data-science mining and 3D simulation modelling. Traditional desktop GPUs are bottlenecked by memory capacity, AI compute throughput and multi-task parallelism, and cannot fit the increasingly complex desktop AI-development and professional-visual-computing scenarios. NVIDIA RTX PRO desktop … Read more