Shanghai private equity assets hit $360 billion in 2025, study finds
Investment activity recovered strongly in 2025, with both deal value and transaction volumes reaching record highs after a slump in 2024.
Year: 2026
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PhotonNex raises shy of $15M to build optical interconnects for AI clusters
Interest in optical interconnect technologies has accelerated alongside the rapid expansion of AI infrastructure.
Autonomous driving firm Westwell steers toward $545 million Shenzhen IPO
The IPO marks Westwell’s latest attempt to reach the public markets after several false starts.
Unitree gets final regulatory go-ahead for Shanghai listing
Based on the proposed fundraising and offering structure, the IPO implies a minimum post-listing valuation of about 42 billion yuan for Unitree.
Fudan-backed HidFunc raises nearly $15M to scale sodium battery production
The company’s anode-free architecture aims to reduce manufacturing costs while achieving energy densities closer to lithium-ion cells.
China Mobile brings $737 million Yangtze Delta AI computing hub online
Jiashan is the only location in Zhejiang included among the country’s 10 national data center clusters under the “East Data, West Computing” initiative.
Ant-backed home robot startup JoyIn snags $74M pre-Series A round
The financing comes as China’s embodied AI sector shifts beyond industrial deployments toward consumer applications.
SunUp Fusion bags follow-on funds weeks after $100 million round
Those characteristics could allow future fusion plants to be deployed closer to cities, industrial parks and data centers.
Geely exports top 100,000 vehicles in June for first time
Sales have now risen on both a monthly and annual basis for four consecutive months.
Hangzhou unveils China’s first AI startup guide for one-person companies
The release came one day after Hangzhou unveiled a three-year action plan to become China’s leading hub for AI-powered one-person companies.