Before Unitree had even started trading, the market had already priced its IPO at about 61 billion yuan. With 2025 revenue near 1.699 billion yuan and net profit around 278 million yuan, that implies a static price-to-earnings multiple of roughly 219 times. The natural first reaction: why would a maker of robot dogs and humanoids … Read more
Guangdong Huilun Technology, the embodied-AI subsidiary GAC Group spun out to industrialise humanoids, has closed a 100 million yuan funding round. The capital will fund vertical-model optimisation, expansion into automotive production-line and service scenarios, core-product iteration, team building and the scaled rollout of humanoid whole machines and core components. Huilun Robotics’ GoMate Mini wheel-leg humanoid … Read more
Beijing ModelBest Technology has registered for IPO tutoring with China’s securities regulator, making it one of the first edge large-language-model developers to test a new STAR Market listing route for AI companies without scale revenue. The filing, dated 12 August 2026, names CITIC Securities as sponsor; the company completed its joint-stock reform on 5 August, … Read more
Westlake Robotics has closed a nearly 100 million yuan Series A round led by Haiyuan Capital, its fourth raise in six months, taking total funding to 500 million yuan. The money backs development of a unified whole-body large model for humanoids and a talent base for embodied intelligence, pushing toward what the company calls an … Read more
IO-AI Tech, a robotics and embodied-intelligence data-infrastructure company, has closed a several-hundred-million-yuan funding round. The round was backed by Shunwei Capital, SongHe Capital and Shenzhen Capital Group, with a strategic investment from a leading robot original-equipment manufacturer. The company said the proceeds will go mainly into core product development, building a more diversified team and … Read more
Brad Lightcap, the COO who built OpenAI’s enterprise business to 25 billion dollars in annualised revenue, has left weeks before a confidential S-1 and a 7 billion dollar buyback at an 852 billion dol
RISC-V chip-design firm SunZhan and founder Zeng Yi argue AI has shifted architecture power from chip makers to AI firms, and are building tooling to auto-generate custom processors as the semiconduct
Xiaomi is reorganising XiaoAI around its MiMo base model so one shared AI layer can power phones, cars, homes and robots, protecting its service-distribution position as AI agents reshape how users re
Hong Kong’s Transport Department has granted an autonomous-vehicle pilot licence for a trial linking the West Kowloon HSR station and the Airport Express, its ninth such licence covering 69 vehicles.
China’s humanoid output could top 100,000 units in 2026, five times 2025, but most machines still land in labs and classrooms, not factories, as capital pivots from bodies to brains.