Geely hands over the reins as founder Li Shufu steps back
The real test for the succession will be whether “One Geely” can deliver more than the founder alone could.
Month: August 2026
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DeepSeek API pricing takes effect, peak-hour rates up 1,100%
The company is using price incentives to steer non-urgent workloads toward nights, weekends and holidays
Unitree’s ‘Superman’ robot tops trending charts with 2-meter jump
Released on the eve of Unitree’s IPO on August 19, the launch looks like more than a demonstration of engineering capability.
Unitree to list August 19 as China’s first humanoid robot stock
DeepSeek was allocated 933,400 shares, worth about 141 million yuan at the IPO price, making it one of the more notable strategic investors.
Today’s Yangtze funding roundup: quantum chip, metrology and robot data…
New funding is also flowing into physical AI data infrastructure, supporting the expansion of embodied intelligence
Lumos Robotics launches heavy-duty AI robot for factory work
Its dual-arm system uses standard flanges and integrated interfaces, allowing operators to quickly switch end-of-arm tools for different tasks.
Dreame Skyworks ranks 1st in H1 China CVC investment activity
The venture firm has invested into 57 portfolio companies and manages 5.33 billion yuan ($740 million) in registered fund capital by the first half of this year.
Delta Electronics sets up $22M Hangzhou unit as AI power demand surges
This entity expands its presence in China’s mainland as AI-driven demand for data-center power and cooling infrastructure accelerates.
Hangzhou opens China’s first training center for embodied robot operators
The move addresses a new question for embodied AI: who will train, operate and manage robots once they enter the workplace.
Alibaba sells game unit Lingxi Games for more than $1.5 billion, media reports
Maintaining the existing team and monetizing established titles could provide a path toward a future IPO or another asset sale.