News
China's Embodied AI Sector Sees Funding Surge as Investors Race Not to Miss Out
4+ day, 52+ min ago (539+ words) (Yicai) April 15 -- China's embodied artificial intelligence sector completed at least 269 funding rounds in the first 100 days of this year, as investors pile in with a "better to invest and be wrong than miss out" mindset, making it one of the…...
Guangzhou Forms USD2. 9 billion Fund to Help Chinese City Become Global Vertical AI Models Hub
4+ day, 9+ hour ago (303+ words) (Yicai) April 15 -- Guangzhou has launched a CNY20 billion (USD2. 9 billion) fund to ensure that the local artificial intelligence industry has ample funding and opportunities for application to support the first-tier Chinese city's plan of becoming a global hub for vertical AI models....
Chinese Embodied AI Startup Galaxea Raises USD290. 4 Million to Boost Basic Model Development, Global Layout
2+ week, 3+ day ago (252+ words) (Yicai) April 2 -- Galaxea AI has completed a deal to raise nearly CNY2 billion (USD290. 4 million) from investors that values the Chinese embodied intelligence startup at CNY200 billion (USD29 billion), placing it in the top tier alongside compatriot Galbot. Industrial investors, leading long-term funds, and…...
China's D-Robotics Raises USD150 Million in New Funding, Series B Total Hits USD270 Million
1+ week, 3+ day ago (359+ words) (Yicai) April 8 -- Shenzhen-based robot chip maker D-Robotics said today it has raised USD150 million in a B2 financing round, bringing its total Series B funding to USD270 million and underscoring continued investor interest in the underlying technologies powering embodied artificial intelligence. The latest…...
Ubtech, Honda Trading Partner to Advance Humanoid Robot, Unmanned Logistics Applications
1+ week, 4+ day ago (161+ words) (Yicai) April 7 -- Chinese robotics maker Ubtech Robotics has entered a strategic partnership with Honda Trading Corporation, a subsidiary of Japanese automotive giant Honda Motor, to explore the use of humanoid robots and unmanned logistics vehicles in industrial manufacturing and logistics....
China's Focus Light Slumps After Key European Client Axes Li DAR Orders
1+ week, 4+ day ago (292+ words) (Yicai) April 7 -- Shares in Focus Light Technology tumbled as much as 6. 9 percent today after the Chinese laser component developer said that a major European Tier 1 auto parts client had cancelled its orders for core Li DAR components. Focus Light's stock…...
Robo Technik's Shares Jump After Unit Pens USD35. 7 Million Order With Nasdaq-Listed Buyer
2+ week, 1+ day ago (173+ words) yicaiglobal. com (Yicai) April 3 -- Shares of Robo Technik Intelligent Technology jumped after the Chinese supplier of automated production equipment said its subsidiary has signed a supply contract with a Nasdaq-listed company that is potentially worth USD35. 7 million. After surging by as…...
Chinese Robot Maker Ubtech Offers Salary of Up to USD18 Million Per Year for New Chief Scientist
2+ week, 2+ day ago (298+ words) (Yicai) April 3 -- Ubtech Robotics, known as the first humanoid robot manufacturer to go public, is seeking a new chief scientist with a focus on androids and embodied intelligence, offering an annual salary of between CNY15 million and CNY124 million (USD2. 2 million and USD18 million)....
Robot R&D Costs Keep China's Dobot, Ubtech Unprofitable as Sales Take Off
2+ week, 2+ day ago (507+ words) (Yicai) April 2 -- Dobot Robotics and Ubtech Robotics both reported strong revenue growth last year as the commercialization of embodied intelligence accelerates, although the two Hong Kong-listed robot makers remain loss-making due to continued heavy research and development investment. Dobot posted…...
China's Ubtech Pops After Posting 23-Fold Leap in Annual Humanoid Robot Sales
2+ week, 4+ day ago (310+ words) (Yicai) April 1 -- Shares of Ubtech Robotics soared after the Chinese robot manufacturer said its sales of full-size androids skyrocketed 23 times last year amid the embodied intelligence boom in China. Ubtech [HKG: 9880] closed up 17. 1 percent to HKD100. 00 (USD12. 76) in Hong Kong today. However,…...