Deals

Deals

Tracking the region’s most significant mergers, acquisitions, and funding rounds. From early-stage bets to blockbuster buyouts, we track the capital flows redrawing the Delta’s corporate map.

Alibaba sells game unit Lingxi Games for more than $1.5 billion, media reports2026-08-14
Maintaining the existing team and monetizing established titles could provide a path toward a future IPO or another asset sale.
Infiforce raises nearly $148 million to build ’embodied brain’2026-08-14
Infiforce says it will soon release what it describes as the world’s first embodied model built around high-quality Ego data.
Today’s Yangtze funding roundup: AI components, robot parts…2026-08-13
Recent rounds target the hardware and software layers needed to scale humanoid robots from components to intelligent systems.
Today’s Yangtze funding roundup: Humanoid robotics, quantum, server CPU…2026-08-12
China’s deep-tech startups are drawing fresh capital across embodied AI, quantum computing and advanced semiconductors.
Today’s Yangtze funding roundup: AI drug discovery, robotics, BCI…2026-08-11
AI biotech, industrial robotics and brain-computer interface startups secured fresh funding to advance next-generation technologies.
Quantum precision firm Ciqtek soars over 400% in STAR Market debut2026-08-11
Ciqtek is among a small number of companies globally capable of independently developing the full chain of quantum sensing technologies.
Today’s Yangtze funding roundup: Biotech, metrology, chips…2026-08-10
Deep-tech companies across biotech, precision manufacturing and photonic computing secured fresh capital to accelerate commercialization.
Today’s Yangtze funding roundup: fusion, space comms, AI vision models…2026-08-09
Latest funding rounds underscored advances in next-generation energy systems, satellite infrastructure and intelligent computing.
Nasn jumps 64% on HK trading debut as first drive-by-wire listing2026-08-07
By 2025 sales volume of brake-by-wire solutions, Nasn ranked among China’s top three domestic suppliers in the sector.
Today’s Yangtze funding roundup: manufacturing, cell therapy, space chip…2026-08-07
Recent rounds backed precision printing, cell therapy, space chips and advanced medical devices.
Chipmaker Semitech soars over fourfold in Chi-Next trading debut2026-08-07
Semitech’s strong market debut illustrates how investors are reassessing the prospects of China’s domestic analog semiconductor industry.
Today’s Yangtze funding roundup: Physical AI, aerospace, world model…2026-08-06
The latest rounds backed physics engines, satellite propulsion systems and AI models designed to understand and simulate the physical world.
Today’s Yangtze funding roundup: robot parts, optics, edge AI…2026-08-05
New funding rounds spanned humanoid robot supply chains, AI-powered laboratories, autonomous vehicles and edge intelligence platforms.
Today’s Yangtze funding roundup: Space, fusion, biotech, solar, robotics…2026-08-04
Deep-tech startups in space, fusion, biotech and solar secured fresh funding as investors backed next-generation technologies.
Today’s Yangtze funding roundup: robotics, BCI, quantum, eVTOL, AI chips…2026-08-03
Investors are pouring money into frontier technologies from embodied intelligence and brain-computer interfaces to quantum computing and AI chips.
Today’s Yangtze funding roundup: Physical AI, eVTOL, cell therapies…2026-07-31
Investors are backing frontier technologies spanning embodied intelligence, next-generation aviation and advanced therapies.
Unitree targets $6 billion valuation in final step toward August IPO2026-07-31
Unitree will also retain a dual-class voting structure, with founder and CEO Wang Xingxing controlling 68.78% of voting rights.
Steel-drill maker CH Tools jumps nearly 200% in Shenzhen IPO debut2026-07-30
The listing underscores investor appetite for specialized manufacturing companies with established industrial niches.
Today’s Yangtze funding roundup: human-AI collaboration, brain health…2026-07-29
The latest deals underscore investor appetite for startups building practical AI applications and next-generation hardware for global markets.
Today’s Yangtze funding roundup: Medical AI, drug discovery, AI infrastructure2026-07-28
SenseCare tops 10 billion yuan in valuation, while AI drug discovery, digital pathology and AI infrastructure startups secure new funding.
Today’s Yangtze funding roundup: home audio, life sciences, legal AI…2026-07-27
New financing rounds have backed companies spanning home audio, legal AI, life sciences and advanced materials.
CXMT shares surge 466% in blockbuster STAR Market debut2026-07-27
The closing price was only 1% below the opening level, with the stock trading at elevated levels throughout the session.
Memory titan CXMT surges in record STAR Market debut2026-07-27
CXMT’s listing marks the largest semiconductor IPO in A-share history and one of Asia’s biggest public offerings this year.
Today’s Yangtze funding roundup: robot brain, chip inspection, 4D radar…2026-07-26
The latest deals highlight investor appetite for companies with proven products, growing customer traction and clear industrial applications.
Today’s Yangtze funding roundup: robotics, AI processor, nuclear fusion…2026-07-24
The funding will accelerate commercialization, manufacturing and next-generation technology development.
Today’s Yangtze funding roundup: pain killer, AI yacht, robot hand…2026-07-23
The funding will accelerate clinical development, product commercialization and manufacturing expansion
Today’s Yangtze funding roundup: special robotics, space tech, humanoids…2026-07-22
Investors chose to back specialized robotics, commercial space technology and emotional AI humanoid robot firms.
Today’s Yangtze funding roundup: AI memory, satellite comms…2026-07-21
The proceeds will fund AI agents, memory systems and next-generation space computing technologies.
Today’s Yangtze funding roundup: Hydrogen, dexterous hand, robot parts…2026-07-17
The deals highlight growing demand for deep-tech suppliers enabling China’s next-generation industries
Today’s Yangtze funding roundup: quantum, autonomous trucking, aviation…2026-07-16
Three Chinese deep-tech startups have raised nearly 1 billion yuan in fresh funding.
Today’s Yangtze funding roundup: AI model, robotics, industrial AI2026-07-15
The capital will support AI model development, robot commercialization and global expansion.
Today’s Yangtze funding roundup: CNC, embodied AI, quantum computing…2026-07-14
The funding will support AI models, quantum software, industrial automation and biotech commercialization.
Today’s Yangtze funding roundup: Hydrogen, biotech, AI hardware…2026-07-13
Startups working in hydrogen energy, AI, biotech and intelligent hardware attracted the lion’s share of funding.
Today’s Yangtzeer funding roundup: Quantum, edge AI, RISC-V…2026-07-11
Chinese investors poured fresh capital into quantum computing, edge AI chips, RISC-V processors and embodied AI as startups accelerated commercialization.
MiniMax secures $2 billion in escalating China AI funding race2026-07-10
The fundraising comes as MiniMax’s market performance has diverged sharply from that of domestic rival Zhipu AI.
Enflame given go-ahead for IPO registration, completes AI chip quartet2026-07-10
Enflame’s IPO approval marks another milestone in China’s bid to build a self-sufficient AI semiconductor industry amid tightening US export controls.
Today’s Yangtze funding roundup: Remote sensing, robotics, physical AI…2026-07-09
Investment appetite remains strong across frontier technologies, from commercial space and embodied AI to industrial automation.
Today’s Yangtze funding roundup: Energy storage, drug discovery, robotics…2026-07-08
The latest rounds will fund product development, clinical trials, manufacturing expansion and global growth.
Momenta shifts into high gear with $9B valuation on HK debut2026-07-08
The company ended its first trading day with a market capitalization of about HK$70.3 billion.
SynMeta Bio raises nearly $15m to develop bio-based leather2026-07-06
The company said overseas orders are approaching 100 million yuan this year, with international business accounting for roughly two-thirds of total sales.
Yizhu Tech raises over $147 million for in-memory AI chip push2026-07-06
Unlike conventional chips based on the von Neumann architecture, computing-in-memory integrates computation directly into memory arrays.
Glitterin Tech closes $15M pre-Series A round to scale spectral chips2026-07-06
Glitterin Tech said it has already entered the supply chains of companies including L’Oréal, Huawei and Xiaomi.
Sicreat Semiconductor nets $147 million in Series C+ funding round2026-07-06
In 2020, the Suzhou startup became one of the first Chinese firms to produce 450mm ultra-large semiconductor-grade single-crystal silicon ingots.
RobotGym lands $15M pre-Series A to spur embodied AI for eldercare2026-07-04
The company has also launched a “Thousand Homes Plan” to expand deployments in residential settings.
Gestala raises record $62 million for non-invasive ultrasound BCIs2026-07-03
Founded in 2025, Gestala is committed to developing ultrasound-based non-invasive BCIs, an alternative to conventional implanted electrical systems.
PhotonNex raises shy of $15M to build optical interconnects for AI clusters2026-07-03
Interest in optical interconnect technologies has accelerated alongside the rapid expansion of AI infrastructure.
Autonomous driving firm Westwell steers toward $545 million Shenzhen IPO2026-07-03
The IPO marks Westwell’s latest attempt to reach the public markets after several false starts.
Unitree gets final regulatory go-ahead for Shanghai listing2026-07-02
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 production2026-07-02
The company’s anode-free architecture aims to reduce manufacturing costs while achieving energy densities closer to lithium-ion cells.
Ant-backed home robot startup JoyIn snags $74M pre-Series A round2026-07-02
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 round2026-07-02
Those characteristics could allow future fusion plants to be deployed closer to cities, industrial parks and data centers.
Robot gearbox maker Laifual falls nearly 15% in Hong Kong debut2026-07-02
It is also one of only two domestic manufacturers to have achieved mass production and commercial deliveries of harmonic drives for humanoid robots.
Xinghe Fusion raises $122 million in record debut financing round2026-07-01
Unlike the better-known tokamak, a stellarator generates its magnetic field entirely through complex external three-dimensional coils.
Satellite developer Puxing Space secures angel+, pre-Series A funding2026-07-01
The fundraising comes as China’s commercial space industry shifts from policy support toward large-scale deployment.
Tsinghua-backed Discover Robotics raises over $100M in angel round2026-07-01
The company focuses on integrating AI with robotics and is leveraging Wuxi’s advanced manufacturing ecosystem to accelerate commercialization.
GTAC nets nearly $15M to expand avionics for airliners, eVTOLs2026-07-01
The company’s customer base now spans China’s three major civil aviation markets: large commercial aircraft, eVTOLs and heavy unmanned aerial vehicles.
Copper artworks maker Zhubingren Bronze files for $58 million IPO2026-06-30
The company has posted rapid growth despite broader weakness in China’s consumer sector.
eVTOL upstart Blue Vector lands fresh funding as valuation doubles2026-06-30
The fundraising comes amid accelerating investment across China’s eVTOL industry.
World’s largest caviar producer Xunlong Tech jumps 51% in HK debut2026-06-30
The company sold 16.33 million H shares in the offering, which was oversubscribed more than 2,100 times by retail investors and nearly 20 times by institutional buyers.
Urtopia bags $29 million to expand beyond e-bikes into exoskeletons2026-06-30
The company sees applications extending from hardware sales into active health management and intelligent outdoor services, particularly for aging populations.
Robot barista maker CAYE pours $59M into global coffee ambitions2026-06-30
Its products are built around a proprietary Bionic Barista system, which redesigns key brewing processes including grinding, dosing, tamping and espresso extraction.
Specialized robotics firm MicBot secures Series B1 funding2026-06-29
MicBot has positioned itself in high-risk industrial sectors such as mining, metallurgy and chemicals.
Archon Robotics closes record seed round to build foundation model2026-06-29
Archon aims to release what it says will be the world’s first open-source humanoid foundation model later this year.
Momenta launches Hong Kong IPO backed by global blue-chip investors2026-06-29
The IPO has attracted 14 cornerstone investors, who have collectively committed about $376 million and will subscribe to nearly half of the shares on offer.
Dasouche tumbles over 40% on Nasdaq debut after $51 million IPO2026-06-26
The decline marked one of the steepest first-day drops for a Chinese listing in recent years.
UniFusion raises angel funding to advance compact nuclear reactors2026-06-25
UniFusion’s approach to fusion differs from larger tokamak systems by using a more compact design and lower construction costs.
Loading robot producer Senad secures $44 million Series C round2026-06-25
The system allows robots to simulate how cargo stacks will deform and shift before making a grasp.
Robot hand maker Agilink becomes unicorn after $147M funding round2026-06-25
The company is a spinout from the Agibot ecosystem and focuses on dexterous-hand hardware and algorithms.
‘Robot brain’ maker SEER lists in Hong Kong, pares early gains2026-06-24
Despite its market-leading position in robot controllers, profitability remains elusive.
Semiconductor supplier GK-Pretech wins go-ahead for STAR Market IPO2026-06-24
It supplies leading Apple contract manufacturers, including Luxshare Precision and Foxconn.
Westlake Therapeutics bags nearly $15 million in strategic funding round2026-06-24
Westlake Therapeutics is the first commercialization spinout from Westlake University, focused on engineered red blood cell therapeutics and industrial development.
Deemos closes new funding as AI-driven 3D race accelerates globally2026-06-24
Its tools span generation, editing, segmentation, repair and reuse, and are already integrated with major global 3D digital content creation software.
Steering electronics supplier Xiangbin files for Shenzhen IPO2026-06-24
Its customers include major Chinese carmakers such as BYD, Chery, Leapmotor, Xpeng, Geely and Changan.
Momenta clears Hong Kong listing hearing, eyes $1 billion IPO2026-06-23
More than 900,000 production vehicles equipped with Momenta’s systems have been delivered, spanning over 100 vehicle models.
Shanghai sci-tech fund closes $900M vehicle, assets near $3B2026-06-23
The new fund will continue the platform’s established strategy of investing through a combination of fund commitments, secondary transactions and direct investments.
Jiangsu semiconductor firms attract funding surge as IPO pipeline swells2026-06-23
Four of the 14 Jiangsu companies that have listed on China’s A-share market this year come from the semiconductor industry.
Autonomous sweeper maker Coowa gears up for IPO after $600M funding2026-06-22
Founded in 2015, Coowa initially focused on autonomous driving technology before shifting its core business toward smart sanitation robots for municipal services.
Micro-LED startup MetaPhotons bets nearly $15M to scale production2026-06-22
MetaPhotons said its technology can achieve pixel densities exceeding 30,000 PPI, potentially enabling cinema-quality visual experiences in compact AR and VR devices.
Robotics integrator Shenhao lands $173M deal for data-center inspection2026-06-22
Inspection robots have become increasingly common in China’s power sector, though they typically complement rather than replace human workers.
Lissome raises Series A funding as AI dishwasher gains global traction2026-06-22
The dishwasher was named one of the seven coolest products at the CES 2025.
Inference chip maker Trace Intelligence closes seed funding2026-06-22
Trace is currently developing its first inference chip designed specifically for AI agents.
Embodied AI startup Noematrix completes Series A++ funding round2026-06-19
On the commercial front, Noematrix’s robots have already been rolled out in pharmacies.
Momenta clears key mainland IPO filing step for Hong Kong listing2026-06-18
The company’s production-ready systems have been deployed in more than 10 countries and regions across Asia, Europe and Oceania.
eVTOL startup ZeroG bags $74M as Hefei bets on low altitude economy2026-06-17
To date, ZeroG has completed nine financing rounds, bringing its total publicly disclosed funding to approximately 1.2 billion yuan.
EDA startup Leda raises $44M, ramps up chip design localization2026-06-17
The push for domestic alternatives is driven by concerns over supply-chain vulnerability, with EDA tools seen as a potential chokepoint in China’s semiconductor ecosystem.
Maniformer closes angel+ funding to scale physical AI data infrastructure2026-06-17
The funding comes as embodied AI developers face a shortage of high-quality training data, inconsistent standards and fragmented datasets.
Nongfu Spring founder-backed lab deepens bet on battery safety startup2026-06-17
The sequence of investment, relocation and follow-on funding points to a deeper consolidation of Qifang within Zhong’s expanding advanced materials portfolio.
DeepSeek raises record $7.4 billion in first external funding round2026-06-16
Investors receive no voting rights and are subject to a five-year lockup period during which their holdings cannot be transferred.
Former Qwen chief Lin Junyang raises funds at $2 billion valuation2026-06-16
The startup’s focus is not on predicting the next word but on predicting what happens next in the physical world.
GPU maker Enflame wins STAR Market nod despite losses, Tencent ties2026-06-15
Behind the milestone is a financial profile defined by strong growth and sustained losses.
Seahi Robotics sails into clear waters with $148 million funding haul2026-06-15
The round underscores growing investor appetite for embodied AI applications tied to clear industrial use cases, even as enthusiasm cools in some areas of humanoid robotics.
Ace Robotics raises fresh funding as investors pivot to robot brains2026-06-15
Increasingly, competition is shifting toward capabilities spanning data collection, embodied foundation models, world models and real-world deployment.
World’s largest caviar producer Xunlong clears Hong Kong IPO hurdle2026-06-15
Following the IPO, the company aims to evolve from the world’s largest caviar farmer into a global consumer brand.
Carbonology secures Series A funds to scale carbon capture, green fuels2026-06-14
Carbonology’s focus on e-SAF places it in one of the most closely watched segments of the carbon utilization market.
Unitree on track for early July IPO after record fast-track approval2026-06-13
Market analysts say it typically takes another two to three weeks from registration approval to listing, placing Unitree’s potential debut in early July.
Seat motor champion Shenghuabo wins second shot at $384 million IPO2026-06-13
The company holds roughly 25%-30% of China’s wiper assembly market and 15%-21% of the global seat motor segment.
Huaici completes Series A+ round to expand ceramic chip packaging2026-06-13
Huaici’s long-term development path may resemble that of Japan’s Toto, which has evolved far beyond its origins in bathroom fixtures.
AI infra unicorn Infrawaves prepares HK listing amid cluster boom2026-06-12
According to Frost & Sullivan, Infrawaves ranks as China’s largest independent AI computing cluster provider by 2025 revenue.
Xeonova nets $74 million as nuclear fusion boom gathers pace2026-06-12
The company combines FRC technology with tandem magnetic mirrors and electrostatic barriers in an effort to build compact, lower-cost fusion power plants.
Weilan Nuenergy secures funding amid AI data-center buildout2026-06-12
Founded in 2025, Weilan Nuenergy focuses on the commercialization of small modular reactors, or SMRs.