On 22 August at the Ice Ribbon arena in Beijing, as the second World Humanoid Robot Games opened, CCTV cut to a real tennis court. A humanoid stood on the baseline. A ball came at more than 50 kilometres per hour. In milliseconds it judged the landing point, moved its feet, turned its body and … Read more
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
Hangzhou-based Xieyue Intelligent, or Leap Intelligence, has closed a nine-figure angel-plus round, with Linear Capital, Junshan Capital, Hongyi Capital and Hidden Hill Capital participating. The money will fund embodied foundation-model training, compute and data infrastructure, team expansion, and home-robot hardware development with scenario validation. Leap Intelligence is building a home robot on an embodied foundation … Read more
UBTECH’s industrial humanoid-robot super factory began production on 12 September in Liuzhou’s northern eco-industrial new area in Guangxi. The plant, the first humanoid-robot smart-manufacturing benchmark built for ten-thousand-unit capacity, runs on industrial simulation planning and a digital scheduling brain, putting the “robots building robots” model into practice. It marks the shift of China’s humanoid industry … Read more
Shangwei New Material listed on the STAR Market in September 2020 and became one of its most undervalued names. Institutions low-balled the IPO, raising only RMB 70 million, a record low, at the RMB 1 billion market-cap floor. For years it sat near RMB 24 billion, about RMB 78 a share, with no coverage and … Read more
On 15 September, Unitree traded at RMB 469.88, down 57 per cent from its 19 August IPO high of RMB 1,100, yet its market value still stood near RMB 190 billion. More than ten embodied-AI firms including Yunxi, AgiBot, Zhongqing, Galbot and Leju have started IPO processes, and valuation has turned into a brawl. Mech-Mind’s … Read more
On 1 September, Shao Tianlan took Mech-Mind to the Hong Kong exchange. Nine days later, the chief executive of a robot firm worth HK$10.4 billion publicly accused Galbot, an embodied-AI star valued at RMB 20 billion, of fabricating “false and unsustainable” revenue through data centres and related-party deals with local governments, investors and suppliers. The … Read more
Before Henry Ford’s moving line in 1913, cars were hand-built luxuries. Assembly fell to 93 minutes and cost collapsed. Today’s humanoids look like cars before 1913: the tech dazzles, but building one unit and stably building ten thousand are two different problems. Demo after demo shows dancing and tray-carrying, yet at scale there is no … Read more
Kinetix AI, a full-stack embodied-intelligence company, has closed an angel-plus round of more than RMB 500 million, with Vertex Capital, the venture arm under Singapore’s Temasek, alongside Fangguang Capital and Wanshi Capital adding to the round. The proceeds will accelerate the firm’s data-model-embodiment loop and push its embodied products toward commercial deployment. The company was … Read more