Politics
China Robot Funding Slows to $1.6 Billion as Shakeout Fears Grow
Key Points
EXCLUSIVE AI China Robot Funding Slows to $1.6 Billion as Shakeout Fears Grow Chinese robotics sector fundraising decelerated sharply in past months to about 11 billion yuan ($1.6 billion) in October, suggesting a cooling in the frenzied pace of investment since Unitree wowed the world with its Spring Festival humanoids showcase. That total is less than half the nearly 24 billion yuan raised in August and down 67% from an all-time-high of 32.8 billion yuan in June, according to data compiled...
EXCLUSIVE
AI
China Robot Funding Slows to $1.6 Billion as Shakeout Fears Grow
Chinese robotics sector fundraising decelerated sharply in past months to about 11 billion yuan ($1.6 billion) in October, suggesting a cooling in the frenzied pace of investment since Unitree wowed the world with its Spring Festival humanoids showcase.
That total is less than half the nearly 24 billion yuan raised in August and down 67% from an all-time-high of 32.8 billion yuan in June, according to data compiled by local investment tracker ITjuzi. The research firm counts deals involving humanoid developers like Unitree and AgiBot, companies that create AI models for robots and the suppliers of components from sensors to dexterous hands.