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China's "Tesla of Robotics" AI² Robotics Hits RMB 20B Valuation — The Real Test Starts Now

A Shenzhen humanoid robotics startup has secured a RMB 20 billion (US$2.78 billion) valuation on the back of nearly RMB 5 billion (US$694 million) in fresh capital — but its 2024 revenues measured only in the tens of millions of yuan, exposing a chasm between investor conviction and

China's EVs Court Europe as U.S. Slams the Door Shut

Germany's industrial crisis hands Chinese automakers a rare foothold in Europe's third-largest car market, even as Washington's "connected vehicle" rules effectively bar Chinese-linked brands from American roads. The divergence could not be starker. Within days of each other in late

Horizon Robotics Deploys HSD V2.0 Amid Customer Chip Self-Development Risk

Horizon Robotics rolled out its largest-ever software upgrade on June 30, but the update arrives as the Chinese autonomous driving chip supplier faces a structural reckoning: its two biggest customers are building the very technology they currently buy from it. The HSD V2.0 over-the-air update — spanning

ByteDance Shifts Doubao to Enterprise AI Coding Amid Rising Compute Costs

ByteDance is abandoning its consumer-traffic playbook for AI, repositioning its flagship Doubao model squarely at enterprise developers and coding agents — a strategic concession that free chat cannot sustain a business when daily compute costs run tens of millions of yuan against sub-RMB 1 million in daily revenue. The

China's Lithium Battery Exports Hit $40B in Jan-May 2026, Even as Unit Prices Scrape Historic Lows

Price deflation is decelerating sharply — but the real story is a structural re-routing of trade flows that is permanently redrawing the global battery supply map. China's lithium-ion battery exports surged 45% year-on-year to US$40 billion in the first five months of 2026, powered

ChinaBiz Briefing | Cambricon ¥1T, Kimi $31.5B, DeepSeek V4 Pricing, BYD Chip, 15 Embodied AI Unicorns

China's technology and capital markets closed the first half of 2026 with a cluster of milestones that collectively signal a sector in structural acceleration, not speculative drift. A domestic AI chipmaker crossed a valuation threshold that would have seemed implausible two years ago. A large language model startup

Kimi's Valuation Surges to $31.5 Billion as ARR Tops $300 Million

Moonshot AI, the Chinese artificial intelligence startup behind the Kimi large language model, has launched a new funding round at a pre-money valuation of $31.5 billion, up sharply from the $20 billion valuation at which its previous round was priced, according to people familiar with the matter. The

Cambricon Crosses RMB 1 Trillion Threshold, Cementing China's Domestic AI Chip Crown

Cambricon became China's first AI chip company to breach the RMB 1 trillion (US$138.9 billion) market capitalization barrier on June 30, 2026, a milestone that crystallizes the convergence of aggressive state policy, accelerating import substitution, and a fundamental earnings inflection that has transformed the stock from

15 Embodied AI Unicorns in 6 Months: China’s Robot Race Hits a Reality Check

At least 25 Chinese embodied intelligence startups now carry valuations above RMB 10 billion (US$1.39 billion), with 15 of them crossing that threshold in the first half of 2026 alone — a concentration of capital formation that is rewriting the robotics investment landscape but also compressing the window for

LandSpace’s Zhuque-3 Y2 Passes Full-Stack Test, Eyes July Launch Window

LandSpace announced on June 29 that it has successfully completed a full-stack static fire test of its reusable Zhuque-3 Y2 launch vehicle at the Dongfeng Commercial Aerospace Innovation Test Zone, marking the final and most critical ground verification milestone before flight. The company said all systems performed stably