Sectors

Unitree’s Wang Xingxing: Robotics Boom Waits on Two ’80 Per Cent’ Milestones

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BEIJING, 19 August 2026. Unitree listed on the STAR Market on 19 August. At the post-listing banquet, founder Wang Xingxing first floated “physical-AI robot self-evolution”, using foundation models to close a loop of paper search, code generation, simulation training, real-machine testing and evaluation feedback, shifting robot development from heavy human reliance toward continuous self-iteration. The … Read more

Galbot’s Humanoid Plays Real Tennis Against Zheng Jie in World-First Autonomous Match

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BEIJING, 22 August 2026. At the National Speed Skating Oval, the “Ice Ribbon”, the opening of the second World Humanoid Robot Games, state broadcaster CCTV cut to a real tennis court. A humanoid stood at the baseline as a serve arrived above 50 km/h. Within milliseconds it judged the landing, moved its feet, rotated its … Read more

Shutu Technology Closes Near-RMB 100M Pre-A Round, Its Third Raise in a Month

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SHANGHAI, 18 September 2026. Gasgoo’s embodied-intelligence desk reports that Shutu Technology, a Shenzhen startup, has closed a near-RMB 100 million Pre-A round, its third financing in a single month. The round was co-led by Dingshui Baifu and the Kunpeng Fund, a national-level big-data vehicle, with Guangzhou Industrial Investment and Yihe Capital joining and existing shareholder … Read more

Morgan Stanley values Tesla Semi at 80 billion dollars as a software terminal

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On 11 September Tesla released the Europe-spec Semi and confirmed deliveries to customers will start in 2027. The same week Morgan Stanley ran a different set of numbers: an autonomous Semi driving 18,000 miles a month could contribute about 12,000 to 18,000 dollars a month in software revenue per truck. By 2040, some 82,000 autonomous … Read more

China’s CXMT is reported to enter NAND flash, taking on Samsung, SK Hynix and Micron

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On 19 September, according to overseas media citing three people familiar with the matter, ChangXin Memory is planning to enter the fast-growing flash-memory market. The sources said ChangXin intends to build a NAND flash research-and-development line at a new Beijing factory and has set up an institute in Beijing that includes NAND development. ChangXin Memory … Read more

China can build a humanoid every ten minutes, but the orders are the real bottleneck

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In recent months, from the Pearl River Delta to the Yangtze River Delta, humanoid production lines have gone live one after another, paced in minutes and planned in tens of thousands a year, and even the line’s own handling and assembly are handed to robots. Whether humanoids can be mass-built is turning from a hard … Read more

PaXini files for IPO with Samsung, BYD and JD on the cap table

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On 16 September PaXini completed a several-hundred-million-yuan Series B+ round and filed for IPO tutoring with the Beijing regulator. Founded only five years ago, the embodied-perception company has drawn industrial capital from Samsung, BYD and JD, with cumulative financing above 4 billion yuan and a post-money valuation past the 10-billion-yuan unicorn line. Why the industrial … Read more

Alibaba, Ant and Tencent each take a different link of China’s robotics chain in one day

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On 20 September Zhishen Technology closed its Series B. The same day Alibaba took a stake in Moqi Intelligence, Ant invested in Tianji Intelligence, and Qiyuan Robotics connected to Tencent Cloud’s WorkBuddy. Four moves in one day, spanning financing, equity and ecosystem, covering complete machines, embodied brains, core components and consumer products. Zhishen’s round was … Read more

Middle East sovereign capital leads Zhishen’s Series B as output passes 15,000 robots

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On 20 September Zhishen Technology announced a several-hundred-million-yuan Series B strategic round led by UAE-based Stone Venture, with financial institutions including Hongshan Capital, Yueke Finance, Wuzhong Rongyue and Wuzhong Jinkong, plus industrial investors Neusoft, Hamps Tech, Vision Capital and Riying Electronics. The company said the proceeds will go to robot bodies, embodied brains and task … Read more

Ant-backed Lexiang builds an under-13kg humanoid that pre-orders at 8,888 yuan

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Guo Renjie, born in 1997, joined Dreame in 2021 and within four years became its China executive president, managing more than 1,500 people and helping build its robot-vacuum rise. In late 2024 he founded Lexiang Technology, and by July 2026 the company had closed a 500 million yuan Pre-A round led solely by Ant Group. … Read more