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China Births Two Robot Unicorns as Sector Funding Stays Strong

China Births Two Robot Unicorns as Sector Funding Stays Strong
Bloomberg Technology Monday 29 June 2026, 09:24 UTC By Charlie Zhu, Dong Lyu 1 min read
Key Points

A humanoid robot is seen at the facilities of X Square Robot where robots receive training to do household tasks in Shenzhen, southern China's Guangdong province on May 22, 2026. China's robots have wowed audiences with fluid dancing and set-piece martial arts displays onstage, but their application and performance in real-life settings remains limited. For companies like X Square, the logic of launching an imperfect service lies in data collection for so-called embodied artificial intelligence.

A humanoid robot is seen at the facilities of X Square Robot where robots receive training to do household tasks in Shenzhen, southern China's Guangdong province on May 22, 2026. China's robots have wowed audiences with fluid dancing and set-piece martial arts displays onstage, but their application and performance in real-life settings remains limited. For companies like X Square, the logic of launching an imperfect service lies in data collection for so-called embodied artificial intelligence. (Photo by Hector RETAMAL / AFP via Getty Images) / To go with AFP story China-tech-labour-lifestyle-AI, FOCUS by Emily WANG
China (LOCATION) Robot Unicorns as Sector Funding Stays Strong (ORG) Shenzhen (LOCATION) Guangdong province (LOCATION) Hector RETAMAL (PERSON) Getty Images (ORG) Emily WANG (PERSON)
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