Today’s Yangtze funding roundup: quantum, autonomous trucking, aviation…
Three Chinese deep-tech startups have raised nearly 1 billion yuan in fresh funding.
Day: July 16, 2026
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DeepSeek said to prepare for IPO filing and new funding round
DeepSeek reportedly generates annualized revenue of $400 million to $500 million, with gross margins exceeding 50% on its flagship API business.
PongBot’s AI coach robot raises nearly $4 million in Kickstarter debut
Founded in Shanghai in 2019, PongBot has become one of China’s most closely watched AI sports hardware startups.
Zhejiang University unveils AI system to serve as research partners
Unlike existing AI research tools, Qiushi Engine is designed to sustain thousand-step reasoning over extended periods.
Alibaba, Westlake University unveil AI model to spur stem cell reprogramming
This release could potentially transform one of regenerative medicine’s most labor-intensive research processes.
Wenzhou launches token hub to make AI services easier for businesses
The rollout comes as China explores new ways to make access to large AI models as ubiquitous as utilities such as electricity and water.