Ant-backed Ace Robotics completes capital boost amid embodied AI frenzy
The move formalizes the completion of the company’s previously announced angel round rather than a fresh financing deal.
Month: May 2026
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Westlake Robotics secures Pre-Series A+ funding to scale embodied AI
This marks the company’s second financing deal in just over two months, as capital continues flowing into China’s embodied AI sector.
Youngor founder steps back as daughter takes charge at apparel giant
Succession has become an increasingly sensitive issue among China’s family-controlled private companies, particularly in Zhejiang.
Alibaba Cloud leads China’s AI-for-science market in universities, report says
Alibaba Cloud said it now serves more than 80% of China’s “Project 211” universities and research institutions.
Hengdian bets on human actors as AI dramas rock China’s film industry
During this year’s Lunar New Year holiday season, AI-produced dramas accounted for nearly 30% of short-drama views, according to industry estimates cited by organizers.
BCI startup Nanochap raises $44M amid race to restore vision
Visual reconstruction has emerged as one of the most closely watched areas globally in brain-computer interface development.
Ant health app offers free AI medical report analysis to 100M users
The system uses a color-coded format—red, yellow, blue and green—to flag abnormal indicators and distinguish between issues requiring urgent attention and those suitable for routine monitoring.
Qwen sees surge in travel planning as more users hand over trips to AI
Travel-related queries accounted for a sharply higher share of total usage, with nearly 90% of users asking for destination ideas and full itineraries.
Zhejiang sets R&D spending target of $60B to boost innovation
The initiative lays out 16 measures spanning corporate R&D, innovation platforms and commercialization, with a focus on making companies the main drivers of innovation.
Zhejiang University adds Embodied AI major to undergrad program
Zhejiang University is among the first batch of top Chinese institutions to introduce embodied AI as a new undergraduate major for 2026 enrollment.