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.

Hengrui licenses obesity drug to Novo Nordisk in deal worth up to $2.6B2026-09-29
This transaction comes as the Danish drugmaker expands its pipeline of next-generation weight-loss treatments.
Today’s Yangtze funding roundup: medtech, wafer, fusion, eye drug, AIGC…2026-09-29
The funding will support clinical development, reactor design, medical commercialization and AI platform expansion.
Today’s Yangtze funding roundup: biopharma, spacecraft, photonics…2026-09-28
The funding will support clinical development, spacecraft prototypes and commercialization of next-generation optical technologies.
Today’s Yangtze funding roundup: commercial space, AIDD, energy AI, silicon…2026-09-24
The funding will support rocket development, clinical programs, AI platforms, production expansion and advanced packaging.
Today’s Yangtze funding roundup: space tech, semicon, SAF, medtech…2026-09-23
Companies in satellite communications, power semiconductors, sustainable aviation fuel and medical devices raised fresh capital.
Today’s Yangtze funding roundup: BCI, physical AI, brain-inspired computing2026-09-22
New capital injections will support clinical research, robot foundation models and Physical AI commercialization.
Today’s Yangtze funding roundup: semiconductors, fusion, AI4S…2026-09-21
Yangtze River Delta startups in semiconductor, fusion and AI-for-science spaces continue to draw fresh capital.
Today’s Yangtze funding roundup: metal 3D printer, robotics, chips…2026-09-20
Yangtze River Delta startups in metal 3D printer, tactile robotics, photonic chips and aerospace automation raised fresh funding.
Today’s Yangtze funding roundup: AIDD, surgical robotics, AI4S…2026-09-18
New capital will support R&D, clinical trials, commercialization and the deployment of AI-driven scientific research platforms.
Today’s Yangtze funding roundup: AIDD, robotaxi, mining truck, AI chip…2026-09-17
Shanghai AI drugmaker Anew Labs raised $290 million in its first standalone funding round, valuing the company at $1.5 billion.
Today’s Yangtze funding roundup: AIDD, robotics, semicon, superconductor…2026-09-16
New capital infusion will support drug development, chip production, global expansion and next-generation industrial technologies.
Today’s Yangtze funding roundup: robotics, semicon, fusion…2026-09-15
New capital injections will support product R&D, manufacturing expansion, equipment upgrades and overseas growth.
Today’s Yangtze funding roundup: Embodied AI, photonics, quantum…2026-09-14
Yangtze River Delta startups in embodied AI, photonics, world models and quantum computing raised fresh funding.
Today’s Yangtze funding roundup: Financial AI, fusion, special aircraft…2026-09-11
Shanghai and Anhui startups working on financial AI research, terahertz fusion technology and high-speed flight raised fresh funding.
Enflame jumps 188% on debut as ‘GPU quartet’ reaches capital markets2026-09-11
With Enflame’s listing, all four have now entered China’s capital markets, marking a new phase for the country’s homegrown AI-chip industry.
Today’s Yangtze funding roundup: Magnetic systems, gene editing, semicon…2026-09-10
Yangtze River Delta startups in magnetic-drive systems, gene editing, semiconductors and AI infrastructure raised fresh funding.
Today’s Yangtze funding roundup: CIM chips, robotics, fusion, AI toys…2026-09-09
The delta’s startups working on next-gen AI chips, physical AI, robotics, fusion and AI toys raised fresh funding.
Excelland Robotics rockets 142% in Hong Kong as losses linger2026-09-09
Excelland’s listing offers a useful test of how far investor enthusiasm for robotics can outrun the underlying economics.
Today’s Yangtze funding roundup: Optics, BCI, physical AI, machinery…2026-09-08
New capital injection will support product development, commercialization, global expansion and AI infrastructure.
Today’s Yangtze funding roundup: Quantum, robotics, AI infra, eVTOL…2026-09-07
The latest rounds will fuel chip manufacturing, robot production, AI optimization and low-altitude technologies.
Today’s Yangtze funding roundup: eVTOL, AI memory, silicon chip…2026-09-05
Chinese startups in eVTOLs, AI memory and silicon photonics chips raised fresh funding to fuel their expansion.
Today’s Yangtze funding roundup: CNS drug, flying robot, eVTOL…2026-09-04
Chinese startups in central nervous system drugs, flying robots, eVTOLs and deep-sea equipment secured fresh funding.
Today’s Yangtze funding roundup: Hydrogen, AI marketing, diagnostics…2026-09-03
Chinese startups in hydrogen materials, AI marketing and immuno-diagnostics have completed fresh funding rounds.
Today’s Yangtze funding roundup: Medtech, clean energy, EDA, robotics…2026-09-02
The latest rounds will back global medtech expansion, AI power infrastructure, robot vision and sensing, agentic EDA and embodied robotics.
Today’s Yangtze funding roundup: lithography, optical links, life sciences…2026-09-01
The latest rounds will support next-generation lithography, high-speed optical links and AI-native clinical trials.
Today’s Yangtze funding roundup: Fusion, cell therapy, space computing…2026-08-31
The latest rounds will fuel fusion reactors, cell therapies, autonomous logistics, satellite computing and humanoid robots.
Today’s Yangtze funding roundup: GPU, chip equipment, robotics…2026-08-29
China’s deep-tech sector saw another wave of major funding, with AI chips and semiconductor equipment leading the charge.
Sharpa bags $670 million as Hesai founders bet on dexterous robot hands2026-08-29
Rather than relying primarily on laboratory demonstrations, Sharpa has been testing its technology in an operating restaurant.
Today’s Yangtze funding roundup: Biopharma, physical AI infra…2026-08-28
Biotech and physical AI startups raised fresh capital to advance clinical programs and next-generation robotics infrastructure.
Today’s Yangtze funding roundup: embodied AI, chip, model router…2026-08-27
Embodied AI and chip startups drew fresh capital as China accelerates investment in next-generation computing infrastructure.
Today’s Yangtze funding roundup: chip, AI models, thermal management…2026-08-26
New funding is accelerating advances in chip interconnects, AI-driven engineering, dermatology and aerospace thermal management.
Today’s Yangtze funding roundup: Optical interconnect, MicroLED display…2026-08-25
Optical interconnect and micro-display startups raised fresh capital to accelerate product commercialization and core technology development.
Today’s Yangtze funding roundup: BCI, new materials, robotics, quantum…2026-08-21
AI and quantum startups attracted fresh capital, spanning brain-computer interfaces, materials discovery and next-generation computing.
Today’s Yangtze funding roundup: quantum chip, metrology and robot data…2026-08-17
New funding is also flowing into physical AI data infrastructure, supporting the expansion of embodied intelligence
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.