The city’s state-run science and technology innovation fund has partnered with five domestic investment managers to establish five sub-funds with a combined scale of 950 million yuan ($137 million).
This is not a scene from a sci-fi movie; it marks the first time AI-enabled robotic traffic officers were deployed at scale during a major marathon event in China.
Unitree’s IPO bid follows the success of Shenzhen-based UBTech, which was the first humanoid robotics company to list on the Hong Kong Stock Exchange in late 2023.
Unitree’s early years coincided with a difficult fundraising environment for bionic robotics. Shunwei was one of the first prominent VCs to back the startup.
Founded in 2016, Diagens develops a mix of medical imaging software, devices and related services designed to enhance diagnostic efficiency and clinical quality.
A proprietary new manufacturing facility is entering ramp-up production, with annual capacity expected to exceed 10,000 dexterous hands and 200,000 miniature actuators by year-end.
This investment comes as Nowwa Coffee pursues its aggressive expansion strategy, aiming to open more than 10,000 stores in the coming years.
The initiative reflects a growing belief among Chinese policymakers that AI tools can dramatically lower the barriers to starting and scaling companies.
Alibaba’s AI division made notable strides, with its consumer-facing product, Qwen, surpassing 300 million monthly active users.
However, profits point to a mixed picture. Despite the stellar revenue growth and record sales, Geely’s net profit in 2025 stood at 16.63 billion yuan.
