Today’s Yangtze funding roundup: embodied AI, chip, model router…
Embodied AI and chip startups drew fresh capital as China accelerates investment in next-generation computing infrastructure.
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Shanghai targets $312 billion in strategic emerging sectors by 2030
For international investors, the plan offers a relatively clear picture of where Shanghai expects its next wave of industrial growth to come from.
China unveils next-gen fusion reactor at Shanghai conference
Once completed, China Fusion Engineering Test Reactor IV is expected to compete with projects such as the US-based SPARC and the UK’s STEP.
Alibaba takes QwenWork global in push for AI office agents
The international launch comes as AI agents move beyond chatbots toward software that can independently execute multi-step tasks.
Tsinghua-backed unicorn Galaxea expands in Hangzhou’s robotics hub
For Hangzhou, Galaxea’s arrival adds another well-funded embodied-AI player to a cluster that already includes several unicorn companies.
Alibaba’s Qwen3.8-Flash takes on Claude at fraction of cost
The model, unveiled Tuesday night, uses a new “Next” architecture with 125 billion total parameters but activates just 6 billion at a time.
Today’s Yangtze funding roundup: chip, AI models, thermal management…
New funding is accelerating advances in chip interconnects, AI-driven engineering, dermatology and aerospace thermal management.
Startup to invest $400M in liquid-cooled AI data center in Quzhou
It will comprise two computing-center buildings and primarily support Alibaba Cloud’s AI model training operations.
Dreame retreats from hyper-expansion, refocusing on four core units
Dreame’s expansion was fueled by a financing model that combined roughly 20% of its own capital with 80% from local state-backed investors.
Nongfu Spring founder donates $138M in shares to back biomedical research
For investors, the move offers a different perspective at a time when founder share sales are closely watched.