84-year-old fragrance founder rings IPO bell after 27-year journey
The IPO gives Grascent capital to expand high-end fragrance production, upgrade factory automation and invest in new products and technologies.
The IPO gives Grascent capital to expand high-end fragrance production, upgrade factory automation and invest in new products and technologies.
The partnership came as Shanghai-based PrimeBot opened official livestream sales on e-commerce platforms including Tmall and Douyin.

The latest rounds will back global medtech expansion, AI power infrastructure, robot vision and sensing, agentic EDA and embodied robotics.

The model is available through Alibaba’s Qwen AI platform as an API and has been integrated into Qwen Office, Qoder and the Qwen app.
The marginal cost of putting software on another vehicle is far lower than producing another piece of silicon.
The launch comes as the AI industry moves toward putting increasingly capable models directly onto consumer electronics and machines.
It introduces four expert-level AI agents spanning key verification stages including software and hardware simulation.
The attention reflects the pressures facing an industry that has attracted large amounts of capital and talent since the rise of generative AI in 2023.

The latest rounds will support next-generation lithography, high-speed optical links and AI-native clinical trials.
It also offers a case study in Anhui’s broader “innovation plus industry” model surrounding deep-tech development.