Sectors

Astribot closes RMB 1 billion round at RMB 15 billion valuation as cable-drive bet meets the market

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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

Euler One closes fourth round in six months as a Huawei genius builds home robots

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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

Chery’s smart-driving chief reportedly exits as the brand bets on in-house intelligence

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A sudden vacancy at the top of Chery’s intelligence push Leiphone’s New Intelligent Driving team reports that Xie Baojun, Chery’s vice president and the operating head of its Intelligent Centre, has apparently left the company. His internal Feishu status shows suspended, and Chery had not responded to the report at publication. Xie joined Chery in … Read more

What is eating carmaker profit in China: the battery or the driver assistant

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Profit is leaving the car and landing in the battery China’s auto industry stands at a crossroads in how its value chain is carved up. In the space of a fortnight, Seres briefly left Huawei’s Harmony Intelligent Mobility ecosystem, then returned to sign a fresh five year cooperation. Around the same time, carmakers grew visibly … Read more

China Unveils the First Fully Home-Grown Electronic Architecture for Embodied Robots

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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 Raises at RMB 50 Billion Valuation, Pushing Its IPO to Next Year

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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

Unitree’s Wang Xingxing: My Decade-Long Mistake Was Under-Believing AI

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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

Nvidia’s $5.5 trillion empire is becoming a family affair

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Nvidia chief executive Jensen Huang’s children and son-in-law have moved into the company’s core businesses, and the shift is drawing fresh scrutiny as the chipmaker’s value crosses 5.5 trillion dollars. Generated editorial illustration. The most talked-about appointment is his son-in-law, Nico Caprez. Caprez married Huang’s eldest daughter, Madison Huang, in Hawaii in late September. He … Read more