Scent maker Grascent clears IPO on third try for 84-year-old founder
Despite clearing the latest review, analysts continue to flag structural risks tied to Grascent’s past IPO setbacks and operational profile.
Month: May 2026
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Unitree pitches giant ‘mecha’ as test bed for embodied AI, founder says
Wang opened up for the first time on the thinking behind GD01, which the company describes as the world’s first mass-produced, rideable mech robot.
Massage robot maker Ease Future nets tens of millions of yuan in Series A
The company, incubated by NetEase Fuxi, the internet giant’s AI research arm, develops intelligent massage and physiotherapy robots for clinics, spas and wellness centers.
Meituan, Taobao, JD target delivery ‘involution’ with Hangzhou pact
The 13-point agreement covers pricing, merchant treatment, rider protections and platform governance.
Robot hand producer Xynova completes Series A funding round
Xynova plans to showcase the product publicly for the first time at the ICRA 2026 robotics conference in Vienna on June 2.
Zero Zero unveils waterproof flying camera for water sports users
The Hangzhou-based company said the device addresses three common problems in water sports photography: lack of camera assistance, water damage risks and difficult drone controls.
DeepSeek nears first funding round as investors scramble for stakes
Media reports on May 22 said the latest round had expanded to 70 billion yuan ($10.33 billion), with a pre-money valuation of about $45 billion.
Image Source closes Series A to localize industrial 3D X-ray inspection
The startup said it aims to reduce dependence on imported equipment while lowering inspection costs and improving efficiency for Chinese semiconductor and electronics manufacturers.
Ant Group quietly enters AI glasses market with Willit launch
Willit comes in sunglasses and photochromic versions. The sunglasses model has already sold more than 1,000 units on Taobao, according to the product page.
Jiaxing races to build $15 billion media hub, banking on AI tools
The city’s large-scale audiovisual sector generated 16.28 billion yuan in revenue in the first quarter of 2026, up 15.9% from a year earlier.