As Unitree completed its STAR Market subscription in August 2026 at a post-issue value of 60.99 billion yuan, the race for the next humanoid listing intensified. Galaxy General, a Beijing embodied-large-model humanoid firm, carried out a sweeping management overhaul, ten out and nine in, with former chairman Guo Xiaoliang and nine others leaving and nine … Read more
DeepSea Robots, a Guangzhou private firm, has closed a Series A of over 500 million yuan. New backers include Guanghe Venture, Dachen Caizhi, GGV, Yida Capital, Zhongbao Investment and CETC Investment, plus a Total Energy-backed fund managed by Cathay, while old shareholders such as Zhengxuan, Yunze and Gaojie raised their stakes sharply. A single A … Read more
Digital Huaxia has closed a hundreds-of-millions-yuan Pre-A strategic round with several deep-pocketed industrial investors joining and existing shareholder Cowin Capital adding to its stake. The capital arrives with concrete commercial orders and deployment scenes, binding money to business rather than to a promise. The round funds mass production of the bionic-intelligence product line and the … Read more
Canchen Technology has completed a seed, angel and angel-plus series of rounds totalling tens of millions of yuan, with backers including Oriental Fortune, Songhe Capital and several university and government-linked funds. The firm builds system-level virtual-organ spatio-temporal dynamic evolution models, a full-scale simulation platform from molecule and cell through tissue to organ, using AI digital … Read more
MiFeng Technology, which runs a one-stop physical-AI data service platform, has closed a new round of several hundred million yuan. The round was led by China Telecom, with Zhangjiang Group following and Sequoia China and Yuanqi Innovation topping up their earlier stakes. The money will scale production of the MEgo series of bodiless capture products, … Read more
Qianhe Yibang, a pioneer in 3D compute-in-memory chips, has closed a Series B of over 2 billion yuan. The round gathered a heavyweight mix of state capital and financial investors, including the national structural-adjustment fund, China Mobile’s chain-leader fund, Sequoia-sister vehicles, Hillhouse-linked and other first-tier institutions. NetEase Youdao and China Mobile’s chain-leader fund, long-term shareholders … Read more
Yuanchuan Micro, a startup building inference chips, has closed a Pre-A round of several hundred million yuan. The round was led by IDG Capital, with Futong Capital, Jiukun Venture, Shangqi Capital, Shunxi Fund and Xuhui Science City Investment joining. It is the firm’s fourth raise since the start of 2026, and the money will go … Read more
Sunzhan, founded in 2022 and still around twenty people, builds custom RISC-V processor cores (CPU, DSP, NPU) for domain-specific architectures. Founder Zeng Yi argues that AI has moved the decision over chip architecture out of the chip company and into the AI company: the model now dictates the silicon, and RISC-V’s freedom to add custom … Read more
Reuters reports that Apple is training a China-specific large language model with Alibaba, which supplies compute and localisation support. The model is trained independently for the China market rather than translated from an overseas version, a notable shift in Apple’s China AI strategy. Apple and Alibaba are reported to be co-training a China-specific model. (Source: … Read more
A Zhejiang University and Swansea University team took an unintuitive finding to IJCAI: when fine-tuning a vision-language model on new data, tuning the text tower helps and tuning the image tower can hurt. Their Adaptive Asymmetric Adapter automates that choice, applying the brakes to visual tuning exactly when it would damage the model. The adaptive … Read more