Today’s Yangtze funding roundup: rocket, semicon, IC materials, eVTOL…
Yangtze River Delta startups in rockets, semiconductor materials, integrated circuit materials and electric aviation secured fresh funding.
Day: October 9, 2026
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Hikrobot’s IPO suspended again as independence questions linger
Hikrobot was among 71 companies whose IPO reviews were suspended by the exchange on September 30, including 56 ChiNext applicants.
Shanghai state capital injects $2.8 billion into foundry Huahong
The funding strengthens the group’s capital base as chipmakers face growing demand for power devices and other specialty semiconductors.
AI startup MemTensor open-sources ‘world’s first’ memory-native AI model
Persistent memory could help AI agents carry context across longer tasks and reduce the need to repeatedly provide background information.
AI will be like the internet in five years, Alibaba’s Joe Tsai says
Tsai also pointed to China’s manufacturing base as a potential advantage in the next phase of AI development.
Qwen app adds health records feature to track users’ health data
The launch expands Qwen’s use of personal data beyond general-purpose AI assistance and into a more persistent health-management role.
Biren Technology shares plunge 12% despite new GPU milestone
Including its IPO, Biren has now completed three equity financing rounds in less than a year, raising more than HK$10 billion in total.