Today’s Yangtze funding roundup: fusion, robot parts, biomaterials…
Investors are backing SMR development, humanoid robot components, bio-based chemical production and satellite-powered weather forecasting.
Day: October 13, 2026
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DeepSeek plans to double funding round to $15B at $75B valuation
New and existing shareholders are expected to contribute roughly equal amounts, according to several people familiar with the transaction.
Shanghai wins inaugural WIPO innovation award for IP progress
WIPO established the award to recognize cities making ambitious commitments to promote innovation and creativity over the following year.
Chassis maker Bibo drives into fast lane as new Hangzhou HQ opens
The company has achieved mass production across three major chassis systems — braking, suspension and steering.
Hangzhou to host global embodied AI contest with 5,000 competitors
Teams will test robots across real-world scenarios spanning underwater, ground, aerial and space environments.
Deep Blue Aerospace builds China’s ‘largest’ stainless steel rocket tank
Deep Blue Aerospace is adopting stainless steel, a material also used by SpaceX’s Starship program and other rocket developers.
AI takes center stage as multinationals deepen R&D presence in Shanghai
Some applications developed and validated in the Chinese market could also be introduced across its global business network.
Shanghai targets 8,000 humanoid robots in factories by 2028
Shanghai describes itself as China’s largest cluster for smart manufacturing systems integration and equipment.
Microsoft builds new decision model on Alibaba’s Qwen AI
Given a yes-or-no question, a multiple-choice task or a rating request, the model assigns confidence scores to the available options.