Weekly Investment Overview
World's First Mass-Produced Cable-Driven Robot
First Domestic AI Simulation Platform
Major Embodied AI Financing
Global Humanoid Robot Exports
The Chinese investment market this week (2025/11/17-2025/11/23) demonstrated significant vitality, particularly in high-tech sectors. Artificial Intelligence (AI), robotics, and semiconductors emerged as primary targets for capital investment, especially in frontier technologies such as embodied intelligence, microfluidic technology, and automotive semiconductors.
Investment Highlights
Key Deals
| Company | Sector | Amount | Deal Type |
|---|---|---|---|
| Robot Era | AI Robotics | Nearly ¥1 Billion | A+ Round |
| Astribot | AI Robotics | Hundreds of ¥Millions | A++ Round |
| Shanxi Semicore | Semiconductor | ¥800 Million | Capital Increase |
| Phrontline Biopharma | Biotech | $60 Million | Pre-A+ Round |
| Alpha-Tech | Semiconductor Testing | Tens of ¥Millions | A++ Round |
In the AI and robotics sector, embodied intelligence was a major highlight this week. Companies including Astribot, Dexmal, CenoBots, Robot Era, Link Touch, and LightWheel all secured significant funding. Astribot, with its unique cable-driven AI robot technology, completed an A++ round of financing worth hundreds of ¥millions with a valuation of ¥2 billion, becoming the first company globally to mass-produce cable-driven AI robots, with orders for thousands of units.
The semiconductor and advanced manufacturing sectors also showed strong performance. ThinkTech completed C+ round financing, focusing on automotive-grade semiconductor chip localization. Shanxi Semicore received a ¥800 million capital increase, making significant progress in the third-generation semiconductor material silicon carbide field. Alpha-Tech completed tens of ¥millions A++ round in MicroLED and compound semiconductor testing technology, completing two rounds of financing within six months.
In the biomedical field, YIANSHI Medical completed a Series A financing round of tens of ¥millions for its self-medication system solutions. Xiushi Biopharma completed nearly ¥100 million Series A financing, focusing on synthetic biology and peptide innovation. BDSynbio completed over ¥30 million Pre-A round, becoming the first globally to achieve chemical synthesis industrialization of QS-21. Phrontline Biopharma completed $60 million Pre-A+ round financing for its innovative bispecific/dual-payload ADC platform.
China Market & Policy Weekly Update
Central Fiscal Transfer Payments
Special Bonds for Investment Funds
Marine Economy Production Value
This week saw several important developments in China's market and policy landscape, particularly in fiscal policy, technology innovation, market regulation, and key industry development. The government is maintaining an active fiscal stance while emphasizing support for strategic industries and technological innovation.
Policy Analysis
China's fiscal policy is showing increasing centralization, with the central government taking on more financial responsibilities. This shift aims to address the growing financial pressures faced by local governments while ensuring consistent implementation of national development strategies. The increase in central fiscal transfer payments to ¥3.86 trillion in 2025 represents the government's commitment to supporting critical areas such as social security, education, and healthcare, with social security and employment expenditure growth reaching 9.3%.
The expansion of special bond usage to include investment in government equity funds marks a significant policy innovation. By allocating ¥200 billion of special bonds to government investment funds in Guangdong, Sichuan, and Shanghai, the government is creating new mechanisms to channel public capital into strategic industries, particularly in science and technology innovation. This approach could provide more sustainable support for emerging industries compared to traditional subsidy models.
In the regulatory sphere, the draft regulations on personal information protection for large network platforms reflect China's increasing focus on data sovereignty and security. By requiring domestic storage of personal information and implementing strict cross-border data transfer protocols, China is establishing a more comprehensive framework for data governance, which may have significant implications for international technology companies operating in the Chinese market.
Tech Market Overview
The Chinese technology market this week showed remarkable dynamism across multiple domains. Artificial intelligence, robotics, and semiconductor technologies continued to lead innovation, with significant breakthroughs in embodied intelligence, AI chips, and advanced manufacturing processes.
First Domestic Wafer Measurement
First All-in-One AI Chip
Humanoid Robot World Record
First Flying Car Production
Tech Frontiers
China's technological innovation ecosystem is demonstrating remarkable progress across multiple domains. In semiconductor technology, Skyverse Technology's development of the first domestic wafer flatness measurement equipment GINKGOIFM-P300 represents a significant breakthrough in advanced semiconductor manufacturing equipment. This achievement helps break the long-standing monopoly of international manufacturers in this critical area and enhances China's capabilities in high-end chip production processes.
The robotics sector continues to set new benchmarks globally. The AgiBot Yuanzheng A2 robot's 106.286 km journey from Suzhou to Shanghai established a new Guinness World Record for the longest distance walked by a humanoid robot, showcasing China's advances in robot mobility, power management, and environmental adaptation. Similarly, Xpeng's flying car prototype marks China's entry into the emerging urban air mobility sector, with potential transformative impacts on future transportation systems.
In AI computing infrastructure, Zhongcheng Hualong's all-in-one AI chip for training and inference represents a major step forward in domestic AI chip development. With FP16 computing power reaching 256 TFLOPS and efficiency ratio of 3.41 TFLOPS/W, this chip positions China as a competitive player in the high-performance computing sector. Complementing hardware advances, Ant Group's open-source AI database seekdb demonstrates China's growing capabilities in AI software infrastructure, potentially accelerating AI application development across various industries.
Trending Tech Keywords
Selected News
Skyverse Technology Develops China's First Wafer Flatness Measurement Equipment
Skyverse Technology successfully developed China's first wafer flatness measurement equipment GINKGOIFM-P300, which has been shipped to HBM customers. The equipment can perform high-precision measurements of geometric and nano-morphology on patterned and non-patterned wafers, compatible with ≥96-layer 3D NAND, ≤1Xnm logic chips and other advanced processes, breaking the long-term monopoly of international manufacturers.
Fujian Zhangzhou Nuclear Power Unit 2 Successfully Connected to Grid
Fujian Zhangzhou Nuclear Power Unit 2 successfully connected to the grid for the first time, marking a major advance in the batch construction of "Hualong One" projects. Upon full completion, it's expected to provide over 60 billion kWh of clean electricity annually, meeting 75% of the total electricity consumption in southern Fujian.
Xpeng's Flying Car Production Prototype Rolls Off Production Line
Xpeng's Guangdong Huitianfly Aerospace Technology announced that the first Land Aircraft production prototype has officially rolled off the line. This modular flying car features a cyber-mecha style with dimensions of 5.5m×2m×2m, a range exceeding 1,000 kilometers, and supports 5-6 flights, establishing the foundation for mass production and delivery next year.
Zhongcheng Hualong Launches China's First All-in-One AI Chip
Zhongcheng Hualong launched China's first all-in-one AI chip for training and inference, the HL series. The HL100 chip features a self-developed GPGPU+NPU fusion architecture, with FP16 computing power reaching 256 TFLOPS, supporting up to 128GB ultra-large capacity memory per chip, with an efficiency ratio of 3.41 TFLOPS/W, achieving 8 times the computing power of similar foreign products at the same power consumption.
Humanoid Robot Sets Guinness World Record for Longest Walk
AgiBot Yuanzheng A2 (SNA210041BA00652 robot) successfully completed a 106.286 km walk from Suzhou Golden Rooster Lake to Shanghai Bund, becoming the Guinness World Record holder for "longest distance walked by a humanoid robot." The achievement demonstrated its quick hot-swappable battery system and adaptability in complex road sections.
Central Fiscal Transfer Payments to Increase in 2025
Central fiscal transfer payments to regions will increase from ¥3.66 trillion in 2024 to ¥3.86 trillion in 2025, aimed at promoting high-quality economic development and alleviating local fiscal pressures. This policy adjustment was announced as part of the "Recommendations on Formulating the 15th Five-Year Plan for National Economic and Social Development."
New Data Protection Rules for Large Network Platforms
National cyberspace authorities and State Council public security departments jointly released the "Regulations on Personal Information Protection for Large Network Platforms (Draft for Comments)," requiring large network platform service providers operating in China to store personal information collected domestically, and to follow national data cross-border security management regulations when providing data abroad.
Special Bonds Allocated to Government Investment Funds
Multiple local finance departments announced plans to issue special bonds totaling ¥200 billion on November 28, with these funds directed toward government investment funds. Guangdong Province, Sichuan Province, and Shanghai will issue ¥100 billion, ¥50 billion, and ¥50 billion respectively for local venture capital funds and future industry funds.
AI Toy Market Expected to Reach ¥29 Billion by 2025
The Ministry of Industry and Information Technology predicts that China's AI toy market will reach ¥29 billion by 2025. The ministry is currently revising the GB 6675 series "Toy Safety" national standards, adding limits for 10 harmful substances to enhance toy product safety.