Today’s Yangtze funding roundup: embodied AI, chip, model router…
Embodied AI and chip startups drew fresh capital as China accelerates investment in next-generation computing infrastructure.
Day: August 27, 2026
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Shanghai targets $312 billion in strategic emerging sectors by 2030
For international investors, the plan offers a relatively clear picture of where Shanghai expects its next wave of industrial growth to come from.
China unveils next-gen fusion reactor at Shanghai conference
Once completed, China Fusion Engineering Test Reactor IV is expected to compete with projects such as the US-based SPARC and the UK’s STEP.
Alibaba takes QwenWork global in push for AI office agents
The international launch comes as AI agents move beyond chatbots toward software that can independently execute multi-step tasks.
Tsinghua-backed unicorn Galaxea expands in Hangzhou’s robotics hub
For Hangzhou, Galaxea’s arrival adds another well-funded embodied-AI player to a cluster that already includes several unicorn companies.
Alibaba’s Qwen3.8-Flash takes on Claude at fraction of cost
The model, unveiled Tuesday night, uses a new “Next” architecture with 125 billion total parameters but activates just 6 billion at a time.