Shanghai factory output sees 3.7% growth on tech gains in Jan-May 2026-06-26 Growth was increasingly driven by the city’s “three leading industries,” meaning integrated circuits, AI and biomedicine.
Anhui factory output climbs 12.1% in Jan-May on manufacturing push 2026-06-26 Anhui has also become a national leader in automotive production, with both combustion and electric vehicle output now ranking first in China.
Jiangsu industrial output grows 6.7% in Jan-May on stronger new drivers 2026-06-26 Industrial output generated by firms with annual main-business revenue of 20 million yuan ($2.94 million) and more grew 5.0% year-on-year.
DeepSeek tops Hurun unicorn newcomer list as Hangzhou ranks 9th globally 2026-06-26 The Hangzhou-based AI upstart is among 308 newly added unicorns globally and has also entered the top 15 of the overall global unicorn ranking.
Alibaba Cloud leads China relational database market with 26% share 2026-06-26 The performance marks the seventh consecutive year that Alibaba Cloud has ranked first in the market since 2019.
Dasouche tumbles over 40% on Nasdaq debut after $51 million IPO 2026-06-26 The decline marked one of the steepest first-day drops for a Chinese listing in recent years.
DeepSeek launches major hiring campaign after blockbuster funding 2026-06-26 The company said it is hiring across 33 positions spanning seven broad categories, with roles based in Beijing and Hangzhou.
UniFusion raises angel funding to advance compact nuclear reactors 2026-06-25 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 round 2026-06-25 The system allows robots to simulate how cargo stacks will deform and shift before making a grasp.
Qwen powers AI admissions surge as millions turn to chatbots 2026-06-25 Career prospects have emerged as the dominant concern among users as China wrestles with high youth unemployment rates in recent years.
Alibaba sues Pentagon over military blacklist designation 2026-06-25 The company argued that the decision violates the US Constitution’s due process protections and infringes on its free speech rights.
MagicLab ties up with JD in embodied AI push, eyes $147M robot sales 2026-06-25 The agreement covers joint R&D, product co-creation, scenario expansion and ecosystem development, according to the two companies.
Alibaba explores sale of gaming unit Lingxi in latest strategic retreat 2026-06-25 This comes as the e-commerce and cloud computing giant continues to streamline operations and focus resources on AI and cloud computing.
Robot hand maker Agilink becomes unicorn after $147M funding round 2026-06-25 The company is a spinout from the Agibot ecosystem and focuses on dexterous-hand hardware and algorithms.
Lumos model tops global benchmark for zero-shot embodied AI 2026-06-25 Despite having only 2.8 billion parameters—less than one-sixth the size of Nvidia Cosmos—Prime R0 delivered the best overall performance.
Unitree cuts price of humanoid robot R1 to $4,390, ships immediately 2026-06-24 Unitree said around 90% of core components are domestically developed in-house, including motors, reducers and controllers, helping reduce overall costs.
‘Robot brain’ maker SEER lists in Hong Kong, pares early gains 2026-06-24 Despite its market-leading position in robot controllers, profitability remains elusive.
West Lake turns to AI showcase as Hangzhou marks heritage milestone 2026-06-24 The two-day event transformed the central plaza of Hangzhou Children’s Park into an immersive open-air technology showcase.
Semiconductor supplier GK-Pretech wins go-ahead for STAR Market IPO 2026-06-24 It supplies leading Apple contract manufacturers, including Luxshare Precision and Foxconn.
Westlake Therapeutics bags nearly $15 million in strategic funding round 2026-06-24 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 globally 2026-06-24 Its tools span generation, editing, segmentation, repair and reuse, and are already integrated with major global 3D digital content creation software.
Homes are robotics’ toughest challenge, DEEP Robotics CEO says 2026-06-24 Zhu’s comments come as embodied AI and robotics attract growing investment globally, with developers racing to move machines beyond controlled industrial settings and into everyday environments.
Steering electronics supplier Xiangbin files for Shenzhen IPO 2026-06-24 Its customers include major Chinese carmakers such as BYD, Chery, Leapmotor, Xpeng, Geely and Changan.
Humanoid robots take on full tablet testing line in China factory trial 2026-06-23 Unlike previous demonstrations focused on individual workstations, the latest deployment extends across an entire inspection segment of the production process.
Momenta clears Hong Kong listing hearing, eyes $1 billion IPO 2026-06-23 More than 900,000 production vehicles equipped with Momenta’s systems have been delivered, spanning over 100 vehicle models.
Alibaba upgrades HappyHorse video AI, cuts generation costs by 25% 2026-06-23 The feature is designed for applications such as short-form dramas, livestream e-commerce and advertising campaigns.
Zhejiang factory output climbs in May as wearable sales jump 340% 2026-06-23 Consumer spending showed signs of a shift toward higher-value technology products.
Shanghai sci-tech fund closes $900M vehicle, assets near $3B 2026-06-23 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 swells 2026-06-23 Four of the 14 Jiangsu companies that have listed on China’s A-share market this year come from the semiconductor industry.
Ant Group adds Xpeng’s He Xiaopeng to board in governance overhaul 2026-06-22 The appointment of He is particularly notable given his long-standing ties to Alibaba.
Autonomous sweeper maker Coowa gears up for IPO after $600M funding 2026-06-22 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 production 2026-06-22 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 inspection 2026-06-22 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 traction 2026-06-22 The dishwasher was named one of the seven coolest products at the CES 2025.
Inference chip maker Trace Intelligence closes seed funding 2026-06-22 Trace is currently developing its first inference chip designed specifically for AI agents.
Embodied AI startup Noematrix completes Series A++ funding round 2026-06-19 On the commercial front, Noematrix’s robots have already been rolled out in pharmacies.
Cainiao to deploy climbing robots in Europe after 618 live trial 2026-06-19 The first warehouse deployment, built in collaboration with Alibaba’s cross-border platform AliExpress in Dongguan, Guangdong.
Shanghai robot exports top China as cleaning bots lead overseas surge 2026-06-19 Part of the momentum has been supported by changes to China’s tariff classification system.
Dreame slashes 200 business units to four in pivot back to core operations 2026-06-19 Following the restructuring, Dreame will focus on four main areas: smart cleaning appliances, whole-home devices, smart mobility and embodied intelligence.
New DingTalk CEO unveils AI overhaul a week after taking helm 2026-06-19 According to the memo, DingTalk will establish a core platform business unit, and consolidate the Wukong and MuleRun teams into a new Wukong organization.
Geely-backed Caocao targets 200,000 autonomous cars under AI overhaul 2026-06-19 This pivot comes as it seeks to evolve from a ride-hailing operator into a broader physical AI mobility platform.
Zhejiang launches drone flight app to curb unauthorized flying 2026-06-19 The rollout comes as authorities seek to curb unauthorized drone activity amid the rapid growth of the low-altitude economy.
Momenta clears key mainland IPO filing step for Hong Kong listing 2026-06-18 The company’s production-ready systems have been deployed in more than 10 countries and regions across Asia, Europe and Oceania.
Pudong, Suzhou, Hangzhou named capital market tech-finance pilots 2026-06-18 Despite making up less than 4% of the country’s land area, the five regions contribute more than one-fifth of listed firms.
Alibaba’s Fliggy faces layoff reports as travel unit reshapes in AI era 2026-06-18 Multiple users claiming to be Alibaba employees said the cuts could range from 30% to 40%, while more extreme claims put reductions in some units as high as 50% or more.
Leapmotor hits 1.5 million deliveries as expansion kicks into higher gear 2026-06-18 The company now operates in more than 40 countries and regions, with over 2,000 sales and service outlets globally, including more than 950 overseas.
Alibaba unveils HappyOyster 1.0 interactive world model 2026-06-18 Unlike traditional text-to-video tools that render a fixed output after a prompt, HappyOyster continuously responds to user inputs during generation, allowing scenes to evolve in real time.
Robot ‘cyber paw patrol’ guards Mexico World Cup stadium 2026-06-18 The World Cup deployment adds to a growing track record of sports-event use cases for DEEP Robotics.
Alibaba expands cloud services to Paris, Johor as global data demand rises 2026-06-18 The buildout forms part of Alibaba’s previously announced $53 billion investment plan in AI and cloud infrastructure.
eVTOL startup ZeroG bags $74M as Hefei bets on low altitude economy 2026-06-17 To date, ZeroG has completed nine financing rounds, bringing its total publicly disclosed funding to approximately 1.2 billion yuan.
Insurers commit $27 billion to Jiangsu amid industrial upgrade 2026-06-17 Provincial officials said insurance funds already deployed in the province had exceeded 500 billion yuan by 2025.
Anhui plans $14 billion fund cluster in robotics hub build-out 2026-06-17 The draft sets ambitious targets: by 2030, Anhui aims to rank among China’s top tier in humanoid robot output and place industrial robot production among the national leaders.
EDA startup Leda raises $44M, ramps up chip design localization 2026-06-17 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 infrastructure 2026-06-17 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 startup 2026-06-17 The sequence of investment, relocation and follow-on funding points to a deeper consolidation of Qifang within Zhong’s expanding advanced materials portfolio.
Zhejiang launches platform to help short dramas expand overseas 2026-06-17 Chinese productions accounted for more than 70% of total revenue, maintaining a dominant position in the global market.
DeepSeek raises record $7.4 billion in first external funding round 2026-06-16 Investors receive no voting rights and are subject to a five-year lockup period during which their holdings cannot be transferred.
Alibaba debuts Qwen-Robot suite to power foray into embodied AI 2026-06-16 The models can be deployed independently or jointly, forming a unified base for robotic systems operating in real-world environments.
Cainiao denies breakup rumors as logistics titan expands global footprint 2026-06-16 Far from scaling back, Cainiao has made international growth a central strategic priority in 2026.
Alipay launches AI-first app redesign with new assistant ‘Ah Bao’ 2026-06-16 Instead of searching for services manually, users can ask the assistant to perform tasks or surface the relevant service directly.
Leapmotor starts local assembly for C10 model in Malaysia 2026-06-16 Leapmotor said the local assembly setup in Gurun will shorten delivery times, reduce supply chain costs, and improve competitiveness while better aligning the model with local demand.
Former Qwen chief Lin Junyang raises funds at $2 billion valuation 2026-06-16 The startup’s focus is not on predicting the next word but on predicting what happens next in the physical world.
TransitX unveils lighter exoskeleton, open-sources gait system 2026-06-16 The rollout comes as TransitX seeks to build what it calls a “physical AI ecosystem” centered on human movement intelligence.
Shanghai exports jump 11.5% as tech shipments power trade recovery 2026-06-16 Electromechanical goods accounted for more than 70% of exports, while high-tech products recorded the fastest growth.
GPU maker Enflame wins STAR Market nod despite losses, Tencent ties 2026-06-15 Behind the milestone is a financial profile defined by strong growth and sustained losses.
Ant Group upgrades skin-check AI with optional doctor review 2026-06-15 The company said the system is the first in China to deploy a structured “AI answer plus doctor verification” collaboration model in a consumer-facing application.
Seahi Robotics sails into clear waters with $148 million funding haul 2026-06-15 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 brains 2026-06-15 Increasingly, competition is shifting toward capabilities spanning data collection, embodied foundation models, world models and real-world deployment.
Mosquito-trap startup expands after park trials show early success 2026-06-15 Unlike traditional pest-control methods, the device relies on physical trapping rather than chemical agents.
Ant tests AI-powered Alipay as super apps race toward agent era 2026-06-15 The overhaul is being viewed as one of the most significant changes in Alipay’s history.
World’s largest caviar producer Xunlong clears Hong Kong IPO hurdle 2026-06-15 Following the IPO, the company aims to evolve from the world’s largest caviar farmer into a global consumer brand.
Alibaba denies chief scientist resignation rumor, defends AI restructuring 2026-06-14 Despite Alibaba’s denial of the resignation rumor, Zhou’s position adjustment has drawn mixed interpretations.
Carbonology secures Series A funds to scale carbon capture, green fuels 2026-06-14 Carbonology’s focus on e-SAF places it in one of the most closely watched segments of the carbon utilization market.
Jiangsu trade grows 5.3% as Suzhou leads export gains in Jan-May 2026-06-14 Within the province, Suzhou continued to anchor external trade activity, recording 1.48 trillion yuan in imports and exports, up 37.5% year-on-year.
Zhejiang trade grows 6.2% in Jan-May as exports to ASEAN overtake EU 2026-06-14 In May alone, exports to ASEAN reached 68.49 billion yuan, surpassing the European Union to become the province’s largest overseas market.
Zhejiang launches state asset fund to unlock capital for emerging sectors 2026-06-14 Officials described the initiative as a closed-loop model linking dormant assets, recovered funds and new productive investment.
Geely to streamline group structure, consolidate entities, chairman says 2026-06-14 Li also cautioned against the industry’s growing tendency to compress vehicle development cycles.
Unitree on track for early July IPO after record fast-track approval 2026-06-13 Market analysts say it typically takes another two to three weeks from registration approval to listing, placing Unitree’s potential debut in early July.
Qwen turns early World Cup into prediction showcase after back-to-back hits 2026-06-13 The tool predicted Mexico’s 2-0 win over South Africa and South Korea’s 2-1 victory over the Czech Republic on opening day.
Seat motor champion Shenghuabo wins second shot at $384 million IPO 2026-06-13 The company holds roughly 25%-30% of China’s wiper assembly market and 15%-21% of the global seat motor segment.
Alibaba AI chief reportedly seeks exit 6 days after new research role 2026-06-13 The reported departure surfaced just six days after the appointment, prompting speculation about the significance of Alibaba’s latest organizational overhaul.
Huaici completes Series A+ round to expand ceramic chip packaging 2026-06-13 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 boom 2026-06-12 According to Frost & Sullivan, Infrawaves ranks as China’s largest independent AI computing cluster provider by 2025 revenue.
Ningbo creates marine economy bureau to lead global ocean push 2026-06-12 The move signals Ningbo’s ambition to transition from a manufacturing hub into a leader in high‑end marine industries, advanced maritime services, and ocean‑based innovation.
Xeonova nets $74 million as nuclear fusion boom gathers pace 2026-06-12 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 buildout 2026-06-12 Founded in 2025, Weilan Nuenergy focuses on the commercialization of small modular reactors, or SMRs.
Chinese team wins top prize in global robotics grasping contest 2026-06-12 FAM employs “heatmap alignment” to efficiently capture 3D spatial features from 2D inputs, greatly reducing sample dependence.
DEEP Robotics showcases robot dog with e-nose at German tech fair 2026-06-12 This marks what the company described as the first integration of electronic-nose technology with an embodied AI robotic platform.
Qwen launches World Cup prediction, challenges fans to beat AI 2026-06-12 The launch comes as fans debate whether large language models can outperform seasoned football observers in forecasting match results.
Alibaba-backed world model benchmark places Ant ahead of Nvidia 2026-06-11 WorldOlympiad aims to address a key challenge in the fast-growing field of world models: the lack of unified evaluation standards.
Alibaba names 33-year-old as DingTalk chief after work culture backlash 2026-06-11 The leadership change follows a wave of attention sparked by a 75,000-word essay published by a former DingTalk product manager.
Shining 3D launches portable scanners to enter consumer market 2026-06-11 3D scanners convert physical objects into digital models, complementing 3D printers that turn digital designs into tangible items.
AI processor startup Nano-Core Chip adds memory giant as new backer 2026-06-11 The company’s approach seeks to address one of the biggest constraints in AI computing: the movement of data between processors and memory.
Warehouse robotics startup Ultirobotics completes Series A funding 2026-06-11 This means robots can identify and pick items without prior data collection from customer sites, reducing the need for massive and costly data acqusition and pre-training.
Qwen launches free AI agent for China’s gaokao admissions planning 2026-06-10 The system combines three functions: generating admissions reports, planning application timelines, and answering interactive Q&A queries.
Botyard snags angel round to commercialize dexterous hand 2026-06-10 Unlike traditional rigid robotic arms, Botyard relies primarily on tendon-based hybrid actuation. The soft nature of the cables allows safer, more compliant human-robot interaction.
Vascular device maker Barty Medical closes $30 million Series D round 2026-06-10 Barty Medical has built a product portfolio spanning vascular access, vessel preparation and implant-free drug therapies.
BCI startup Neuracle completes tutoring, moves closer to STAR Market IPO 2026-06-10 If Neuracle reaches the STAR Market first, the company could establish the first public-market valuation benchmark for China’s domestic BCI industry.
Hangzhou robot startup bets on rolling security bots to carve out niche 2026-06-10 The company generated more than $1 million in overseas sales in 2025, with customers in the Middle East, North America and Africa.
Hangzhou BMS leader Gold Electronic soars 625% in ChiNext debut 2026-06-09 Gold Electronic ranks first among the top five BMS vendors by installed capacity in operational power plants.