China’s state chip fund eyes DeepSeek stake in $45 billion AI bet
Beyond the Big Chip Fund, talks reportedly include major internet players such as Alibaba and Tencent, alongside other state-backed investors.
Year: 2026
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TransitX exoskeleton rides viral Canton Fair moment, nets $10M in orders
The company has since established contacts with buyers from more than 80 countries and regions and is in talks with partners in dozens of markets over local distribution agreements.
Spirit AI teams up with Bosch to push embodied robots into factories
The two companies will work together on robot data collection, embodied AI model training, industrial deployment and core component supply.
Ant-backed Ace Robotics completes capital boost amid embodied AI frenzy
The move formalizes the completion of the company’s previously announced angel round rather than a fresh financing deal.
Westlake Robotics secures Pre-Series A+ funding to scale embodied AI
This marks the company’s second financing deal in just over two months, as capital continues flowing into China’s embodied AI sector.
Youngor founder steps back as daughter takes charge at apparel giant
Succession has become an increasingly sensitive issue among China’s family-controlled private companies, particularly in Zhejiang.
Alibaba Cloud leads China’s AI-for-science market in universities, report says
Alibaba Cloud said it now serves more than 80% of China’s “Project 211” universities and research institutions.
Hengdian bets on human actors as AI dramas rock China’s film industry
During this year’s Lunar New Year holiday season, AI-produced dramas accounted for nearly 30% of short-drama views, according to industry estimates cited by organizers.
BCI startup Nanochap raises $44M amid race to restore vision
Visual reconstruction has emerged as one of the most closely watched areas globally in brain-computer interface development.
Ant health app offers free AI medical report analysis to 100M users
The system uses a color-coded format—red, yellow, blue and green—to flag abnormal indicators and distinguish between issues requiring urgent attention and those suitable for routine monitoring.