While China’s robot market debates overcapacity and price wars, a group of domestic robot rental and sales operators has taken the business overseas. Demand for overseas event and ceremony work is rising, with an operator reporting that a single Unitree U2 humanoid can command more than RMB 20,000 a day abroad, several times the domestic … Read more
The humanoid robot trade is losing its illusion. Unitree listed on Shanghai’s STAR Market on 19 August as the A-share market’s first humanoid robot stock, but the first-day high quickly turned into a slide in price and market value, and a full moon became a crescent. Unitree’s market value has fallen roughly 57 per cent … Read more
OpenAI is in talks with investors over a new private round at a valuation of about USD 1.2 trillion. Whether that number holds depends on whether its initial public offering, now pushed to 2027, can clear the same level. The proposed valuation would add roughly USD 350 billion to the USD 852 billion post-money mark … Read more
China’s intelligent connected new-energy vehicle industry now has a specific plan for the 15th Five-Year Plan period. MIIT and eight other departments issued the plan for the industry’s development, a document that sets the sector’s direction through 2030. Nine departments issued the 15th Five-Year plan for intelligent connected NEVs. (Source: Chedongxi) The plan calls intelligent … Read more
Harmony Intelligent Mobility Alliance (HIMA) and Seres have responded to a change in how the AITO brand is run. Product definition, product design, brand marketing, channel retail and after-sales service will be led by Seres, with Huawei’s consumer unit contributing enablement. HIMA confirmed AITO’s new operating model on 15 September. (Source: Chedongxi) AITO remains part … Read more
A new round of consolidation among China’s state-owned carmakers has actually started. On 14 September, GAC Group said it had signed a letter of intent with FAW Car Co to buy part of a joint-venture vehicle company held by FAW through a share issue, alongside a supporting fundraising. GAC confirmed the FAW share deal in … Read more
Jaime Xiao on why Hurun’s global rich list miscounts Greater Shenzhen: the customs line at Futian is the only thing separating 132 billionaires (Shenzhen) from 88 (Hong Kong), and merged they outrank New York’s 146. Cut the loop at the border and the ranking reports two cities where there is one wealth engine.
Jaime Xiao shares his latest take on LinkedIn, this time on China’s smart-car sector and Voyah. The full post is embedded below.
Jaime Xiao argues the Western press misread Zhu Rongji’s legacy. The real inheritance is not the economic-Tsar narrative but the STEM-driven human-capital machine built across three decades that now runs China’s AI race. Embedded below.
Jaime Xiao on why every Chinese VC makes the founder sign a personal liability clause if the company fails to return capital within six to eight years, and how that single term explains the absence of an M&A market, the rise of financial-advisor middlemen, and the death of cold outreach in Chinese fundraising.