Archon Robotics closes record seed round to build foundation model
Archon aims to release what it says will be the world’s first open-source humanoid foundation model later this year.
Month: June 2026
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DEEP Robotics unveils commercialization roadmap at global partner summit
Founder and CEO Zhu Qiuguo said long-term competitiveness will no longer depend on standalone hardware or software, but instead on five integrated capabilities.
Momenta launches Hong Kong IPO backed by global blue-chip investors
The IPO has attracted 14 cornerstone investors, who have collectively committed about $376 million and will subscribe to nearly half of the shares on offer.
Agibot hits 15,000 unit milestone as production pace accelerates
It took the company 11 months to grow from its 1,000th to its 5,000th robot, 3.5 months to reach 10,000 units, and less than three months to add another 5,000 robots.
Shanghai factory output sees 3.7% growth on tech gains in Jan-May
Growth was increasingly driven by the city’s “three leading industries,” meaning integrated circuits, AI and biomedicine.
Anhui factory output climbs 12.1% in Jan-May on manufacturing push
Anhui has also become a national leader in automotive production, with both combustion and electric vehicle output now ranking first in China.
Jiangsu industrial output grows 6.7% in Jan-May on stronger new drivers
Industrial output generated by firms with annual main-business revenue of 20 million yuan ($2.94 million) and more grew 5.0% year-on-year.
DeepSeek tops Hurun unicorn newcomer list as Hangzhou ranks 9th globally
The Hangzhou-based AI upstart is among 308 newly added unicorns globally and has also entered the top 15 of the overall global unicorn ranking.
Alibaba Cloud leads China relational database market with 26% share
The performance marks the seventh consecutive year that Alibaba Cloud has ranked first in the market since 2019.
Dasouche tumbles over 40% on Nasdaq debut after $51 million IPO
The decline marked one of the steepest first-day drops for a Chinese listing in recent years.