eVTOL startup ZeroG bags $74M as Hefei bets on low altitude economy
To date, ZeroG has completed nine financing rounds, bringing its total publicly disclosed funding to approximately 1.2 billion yuan.
Day: June 17, 2026
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Insurers commit $27 billion to Jiangsu amid industrial upgrade
Provincial officials said insurance funds already deployed in the province had exceeded 500 billion yuan by 2025.
Anhui plans $14 billion fund cluster in robotics hub build-out
The draft sets ambitious targets: by 2030, Anhui aims to rank among China’s top tier in humanoid robot output and place industrial robot production among the national leaders.
EDA startup Leda raises $44M, ramps up chip design localization
The push for domestic alternatives is driven by concerns over supply-chain vulnerability, with EDA tools seen as a potential chokepoint in China’s semiconductor ecosystem.
Maniformer closes angel+ funding to scale physical AI data infrastructure
The funding comes as embodied AI developers face a shortage of high-quality training data, inconsistent standards and fragmented datasets.
Nongfu Spring founder-backed lab deepens bet on battery safety startup
The sequence of investment, relocation and follow-on funding points to a deeper consolidation of Qifang within Zhong’s expanding advanced materials portfolio.
Zhejiang launches platform to help short dramas expand overseas
Chinese productions accounted for more than 70% of total revenue, maintaining a dominant position in the global market.