Unitree’s market value has nearly halved since its August listing. The quadruped rival now knocking on the IPO door is still losing money, and still lives on the robot dog. From profit to loss Deep Robotics, a Hangzhou peer that also started with quadrupeds, had its STAR Market IPO accepted in May, aiming to raise … Read more
Guo Renjie was born in 1997, entered Xi’an Jiaotong University’s gifted programme at 15, and within four years at Dreame rose to China president, running a team of over 1,500. In late 2024 he founded LeXiang Tech and its YuanDian robot brand. In July the company closed a RMB 500 million Pre-A round led by … Read more
The quadruped robot market is splitting into two very different businesses. Two kinds of demand IDC’s Worldwide Quadruped Robot Market Share, 1H26 shows the global market passed US$400 million in the first half of 2026, up 95.4 per cent year on year, with shipments above 49,000 units, up 92.5 per cent. Education, research and home … Read more
In less than a year, the daily rental price of a humanoid robot has fallen from several thousand or even tens of thousands of yuan to a few hundred. The price collapse is still unfolding, but the number of robots that can actually go to work has risen. From performer to earner During the just-passed … Read more
Embodied-intelligence startup Astribot has closed a new financing round of about RMB 1 billion, lifting its post-money valuation to RMB 15 billion, the company announced on 13 October. The round The round was led by Shenzhen Capital’s Donghai arm, with state-backed and financial investors including Hongtai Fund, Ninghai Xingtaihe and Shanheng Capital joining, and existing … Read more
A Huawei pedigree, a maker-first plan Euler One, a home embodied-intelligence company, announced on 12 October a several-hundred-million-yuan angel-plus round. The investors include Chengyuanxiang Fund, Xinneng Venture, Xizhou International, Topband and Hony Capital, with Value View Capital as sole adviser. It is the company’s fourth financing since its March 2026 founding. Euler One’s first product … Read more
On 28 September in Yichang, Hubei, the world’s first embodied robot built on a fully domestic electronic architecture was unveiled. The architecture, its backers argue, is the machine’s “intelligent nervous system”, and building it at home changes who controls the robot’s safety boundary. Illustrative editorial image. (Source context: OFweek) The electronic architecture spans operating system, … Read more
AgiBot, the embodied-intelligence unicorn also known as Zhiyuan, has opened a new financing round of roughly RMB 1.0 billion to 1.5 billion that is close to closing, at a latest valuation near RMB 50 billion, according to Caixin. The raise matters because of what it blocks: a 2026 listing. AgiBot humanoid robot (Source: Sohu) Founded … Read more
On 22 August, inside Beijing’s National Speed Skating Oval, known as the Ice Ribbon, the second World Humanoid Robot Games opened, and China Media Group cut its cameras to an actual tennis court. A humanoid robot stood on the baseline. A ball arrived at more than 50 kilometres per hour. Within milliseconds it read the … Read more
At the 26th China International Industry Fair (CIIF), Wang Xingxing, founder of Unitree, offered a candid self-assessment that few hardware founders volunteer. “The biggest mistake I made over the past decade was not believing in AI enough,” he said. Speaking to the Science and Technology Innovation Board Daily on the sidelines of the fair, Wang … Read more