Surgery-robot maker Surgerii, backed by Lei Jun’s Shunwei, gets STAR Market IPO accepted

Surgerii, one of China’s surgical-robot ‘four little dragons’, has had its STAR Market IPO accepted, its second run at the capital market after an aborted 2023 attempt. The company is targeting a 700 million yuan raise and intends to list under the exchange’s fifth standard, which requires a market cap above 4 billion yuan but … Read more

Tencent-backed agri-robot maker FJDynamics refiles for Hong Kong IPO after 1bn yuan of accumulated losses

After its September 2025 filing lapsed, FJDynamics has refiled for a Hong Kong IPO, joining a queue of nearly 50 robot companies now lined up for the exchange. Where most cluster into industrial and humanoid forms, FJDynamics stands apart by targeting agriculture, animal husbandry, construction and property management. Founded in 2017 by Wu Di, a … Read more

Where did H1 2026’s 93.5bn yuan in embodied-AI capital go? Heads took 70%, Beijing and Shenzhen lead

The first-half 2026 funding numbers for embodied AI are genuinely startling. IT Juzi counts 93.47 billion yuan deployed, up fivefold year on year, across 322 rounds, a 137% increase. Include overseas via GG Robot and the figure is 132.5 billion, up 428%. Same trend: a tide of capital rushing in. Where the money went The … Read more

Behind embodied AI’s ranking frenzy: how ‘world number one’ became a manufactured commodity

The speed of ‘first’ now outruns the speed of robot iteration. A model can go from launch to chart-topper in a week, and the charts refresh faster than products ship. When ‘first’ multiplies, the industry slides into a collective confusion about ranking inflation, and a fair question: who is actually manufacturing these titles? A manufactured … Read more

Standard Robots files for Hong Kong IPO a third time; a post-90s founder built an AMR unicorn but still runs at a loss

Standard Robots has submitted its prospectus to the Hong Kong exchange for the third time. On the industrial autonomous mobile robot, or AMR, track, the Shenzhen company is a genuine dark horse: its client list spans 3C electronics and automotive manufacturing and includes Huawei, Xiaomi, Toyota and NIO. From a 12-square-metre room Founder Wang Yongkun, … Read more

AgiBot files for Hong Kong IPO as ex-Huawei chief Deng Taihua steers humanoid maker to a capital exit

AgiBot has confirmed it is launching a Hong Kong listing, and it chose its timing with intent: the filing landed on the same day the Hong Kong exchange’s revised listing rules took effect. For a three-year-old humanoid maker, the move marks the shift from building product to cashing out capital. From zero to one in … Read more

China’s industrial-robot champion Estun delivers over 10,000 units in a single quarter

The lead is durable. Estun first took the national crown in 2025 with a 10.6 per cent share and 25 per cent annual shipment growth, lifting local brands’ combined share above 56 per cent. It has now led domestic shipments for eight consecutive years and six consecutive quarters. The moat is vertical. While peers lean … Read more

BeingBeyond’s 500,000-hour bet: a Peking professor’s pure-model path to embodied AI

Lu’s company, BeingBeyond, just released Being-H0.8, an implicit tactile world-action model trained on 500,000 hours of first-person human video, the largest such corpus among embodied models globally. Its progression tells the story: H0 at 3,000 hours in July 2025, H0.5 at 35,000 hours supporting 30 robot types in January, H0.7 at 200,000 hours in April, … Read more

Embodied data enters the ‘out-of-box’ era: why robot training needs model-ready data

What ‘model-ready’ means Jianzhi Robotics calls the data it sells ‘Model-Ready Data’, data you can feed straight to a model without rework. It needs three traits at once: high precision, multimodality and diversity. Hand-tracking error of 2-3cm, the industry norm, means the model sees a finger a full digit off, so it grabs through cup … Read more