Garden-equipment maker Zhongjian sinks RMB 1.2 billion into robots after a fine

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In mid-August, Zhongjian Technology faced a proposed 3.9 million yuan fine for fabricating a signing event with Huawei’s embodied-intelligence centre and for false disclosure, dragging it into controversy. Amid the storm, the veteran garden-equipment maker has not slowed its robotics expansion. Recently Zhongjian and its subsidiary Shanghai Huazhijian signed an intelligent-robotics industrialisation project agreement with … Read more

DeepSeek prepares a STAR Market IPO with a reported 500 billion yuan valuation

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DeepSeek, one of the so-called Hangzhou Six Little Dragons, is preparing to list on the STAR Market and has engaged CITIC Securities to lead the IPO work, according to the latest reports. In 2026 DeepSeek reversed its long-standing ‘no external funding’ stance. Since its first external round in April, it has run several raises, with … Read more

Auto-lighting supplier Xingyu’s Hong Kong IPO stalls amid layoff controversy

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A layoff dispute has created multiple headaches for Xingyu Automotive Lighting Systems: the Hong Kong exchange’s listing review, overseas clients’ compliance probes and a wider clash of governance norms across global supply chains. On 7 September Xingyu published an external handling notice via its official account, disclosing executive accountability, remediation steps and an apology to … Read more

Chinese cobot maker FAO Robotics starts A-share IPO tutoring with a RMB 7 billion-plus valuation

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The domestic collaborative-robot track gained another IPO contender. FAO Robotics of Suzhou recently started A-share listing tutoring with Guotai Junan Haitong as its sponsor. The IPO path has moved steadily this year: the company completed its joint-stock restructuring in March 2026, signed a tutoring agreement with Guotai Junan Haitong in August, and had its tutoring … Read more

Veteran Chinese bearing maker Luoyang Bearing lists on ChiNext after 70 years, raising RMB 1.97 billion

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On 9 September, Luoyang Bearing Corporation, a Chinese high-end bearing maker with more than seventy years in the field, began trading on the ChiNext board of the Shenzhen Stock Exchange, adding a fresh name to the list of robot-core-component plays on the A-share market. The firm filed for IPO tutoring with Henan regulators in July … Read more

Singapore toilet-cleaning robot startup Hivebotics raises US$6 million to scale Abluo

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On 4 September, Singapore robotics firm Hivebotics closed a US$6 million Series A round, a modest sum next to the hundreds of millions common in China’s robot sector, yet notable for who wrote the cheque. The round was led by Vertex Ventures Southeast Asia and India, with Fareast Land Development, the property arm of Taiwan’s … Read more

Cognition, the AI coding startup founded by three Chinese-born IOI gold medallists, raises US$2 billion at a US$48 billion valuation

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Zhidx reported on 9 September that US AI coding unicorn Cognition has closed a Series E above US$2 billion, about RMB 13.4 billion, at a valuation of US$48 billion, about RMB 322.1 billion. Cognition co-founder and CEO Scott Wu. (Source: Zhidx) The round was led by new investors a16z and Accel, with existing backers Founders … Read more

Ruisong plans a 784 million yuan private placement to scale its high-speed six-axis robot

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Ruisong Technology said it plans a private placement of up to 784 million yuan, with the net proceeds after fees going wholly to a high-speed six-axis robot industrialisation project, an HQ and R&D centre upgrade, and working capital and debt repayment. The issue aims to expand capacity for market demand, lift process and quality, and … Read more

China’s new-energy exports jumped 154.7 per cent in August as Zeekr ships its 200,000th vehicle to Mexico

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A sweep of China auto and robotics news on 8 September points to the same direction: Chinese electric mobility and robotics are pushing harder into overseas and embodied-intelligence manufacturing. Several items stand out for international readers. The Zeekr 7X reached its 200,000th mass-produced unit at the Ningbo Meishan smart factory. (Source: Gasgoo) Zeekr 7X rolled … Read more