China Market Weekly Update

2025/11/24 - 2025/11/30

Weekly Investment Overview

First 90s Founder in VC

9 Shareholders
Yingwei Innovation

Largest AI Computing Power

25,000P+
Infinigence AI

First Single-axis Gas Turbine

¥2.6 Billion
Datang Chongqing Jiangjin

Global Leader in Dexterous Hands

80% Market Share
Linkerbot

China's investment market showed remarkable dynamism this week, particularly in high-tech sectors including artificial intelligence, new energy, and intelligent manufacturing. These sectors attracted substantial capital with numerous flagship events demonstrating the continued growth of China's innovation ecosystem.

Investment Highlights

AI Infrastructure Breakthrough: Infinigence AI secured nearly 500 million yuan in Series A+ financing, bringing total funding to 1.5 billion yuan while managing 25,000P+ computing power nationwide.
Energy Milestone: China's first 1500°C class single-axis heavy-duty gas turbine project with 2.6 billion yuan investment began full-capacity operation, filling the domestic technological gap.
Robotics Leadership: Changan Automobile invested 450 million yuan to establish a robotics company, planning to launch its first in-vehicle robot "Xiao An" by Q1 2025.
Global Market Dominance: Linkerbot became the only company globally to mass-produce high-freedom dexterous hands, capturing over 80% of the global market with their 370g Linker Hand O6.
Emerging BCI Sector: China's brain-computer interface industry received 28 financings totaling over 5 billion yuan, with Ladder Medical setting a record with 350 million yuan funding.
EV Supply Chain Growth: CALB and Leapmotor jointly established a power battery intelligent manufacturing base with expected annual output exceeding 10 billion yuan.

This week's investment landscape highlights China's continued focus on strategic emerging industries, with AI, new energy, and biotechnology attracting significant capital. The investment in Infinigence AI underscores the critical importance of AI infrastructure, while achievements in robotics and dexterous hands by Linkerbot demonstrate China's growing leadership in embodied intelligence.

The financing activity in the brain-computer interface sector, with 28 deals totaling over 5 billion yuan, signals a new frontier in China's technology development landscape. Meanwhile, traditional industries like automotive are rapidly transforming, as evidenced by Changan Automobile's 450 million yuan investment in robotics technology and the CALB-Leapmotor joint venture in battery manufacturing.

These investments align with national strategic priorities and indicate a strong market confidence in China's innovative capabilities. The diversity of financing across different technology domains suggests a maturing ecosystem where both fundamental research and commercial applications receive strong support.

Key Deals

Company Sector Amount Deal Type
Infinigence AI AI Infrastructure 500M Yuan Series A+
Ladder Medical Brain-Computer Interface 350M Yuan Series A
Kaysidy Biopharma 300M Yuan Series B
Linkerbot Robotics Several 100M Yuan Series A+

China Market & Policy Weekly Update

Commercial Space Market

¥2.5-2.8 Trillion
2025 Forecast

Industrial Enterprise Profits

+1.9%
Jan-Oct 2025

Data Market Scale

¥5.86 Trillion
+117% Growth

This week saw significant policy developments aimed at promoting high-quality economic development across multiple sectors. New regulations and implementation plans were announced to optimize the business environment, address market competition issues, and foster innovation in strategic industries.

FINANCE
Credit Restoration Management Measures
The National Development and Reform Commission issued new measures for credit restoration management, effective from April 1, 2026, implementing classified management of credit information to optimize the business environment.
DIGITAL
Commercial Space Development Action Plan
The National Space Administration established a Commercial Space Department and released a development action plan for 2025-2027, projecting the commercial space market to grow to 2.5-2.8 trillion yuan by 2025.
CONSUMPTION
Consumer Goods Supply-Demand Adaptability Plan
Six departments including the Ministry of Industry and Information Technology jointly released an implementation plan to enhance consumer goods supply-demand adaptability, aiming to form three trillion-level and ten 100-billion-level consumption sectors by 2027.

Policy Analysis

The establishment of the Commercial Space Department represents a significant institutional innovation for China's aerospace industry, signaling the government's commitment to developing the commercial space sector as a strategic emerging industry. This new dedicated regulatory body will likely streamline approval processes, standardize industry practices, and provide clearer guidance for both domestic and international companies seeking to enter China's rapidly growing commercial space market.

The Consumer Goods Supply-Demand Adaptability Plan demonstrates China's shift toward quality-oriented economic growth, with specific emphasis on leveraging artificial intelligence to improve consumer product offerings. The plan's focus on the elderly market, including the development of service robots and age-appropriate products, reflects China's proactive approach to addressing demographic challenges while creating new market opportunities.

Meanwhile, the strengthened enforcement of tax compliance through the exposure of intermediary violations sends a clear message about regulatory tightening in the financial sector. This trend toward stricter compliance requirements will likely continue, requiring businesses operating in China to enhance their tax management systems and due diligence processes when selecting intermediary service providers.

Market indicators suggest that China's economic structure continues to transform toward innovation-driven growth. High-tech manufacturing profits increased by 8.0% from January to October, significantly outpacing the overall industrial profit growth of 1.9%. Particularly impressive were the profit increases in smart electronic manufacturing segments like unmanned aircraft (116.1%) and in-vehicle equipment (114.9%), demonstrating the commercial success of China's technological advancement strategies.

The data market's explosive growth to 5.86 trillion yuan, with a 117% increase, highlights the increasing economic value of data as a factor of production. The government's push to establish an integrated national data market is creating new opportunities for data service providers and platforms that can facilitate secure and compliant data transactions.

These market and policy developments collectively point to China's determination to advance its digital economy while maintaining regulatory oversight. For businesses, this dual emphasis on innovation and compliance means both opportunities in emerging sectors and responsibilities to adapt to evolving regulatory standards.

Tech Market Overview

The Chinese technology market demonstrated robust growth and innovation across multiple domains this week, with particularly notable advances in artificial intelligence, embodied intelligence, and high-end manufacturing technologies.

Beijing AI Industry Scale

¥215.22 Billion
H1 2025, +25.3% YoY

Cloud Infrastructure Market

$12.4 Billion
Q2 2025, +21% YoY

Superconducting Magnet Record

16.5 Tesla
Chinese Academy of Sciences

Tech Frontiers

First Embodied Intelligence Program: Shanghai Jiao Tong University established China's first undergraduate program in Embodied Intelligence, planning to enroll 30 students annually to nurture interdisciplinary talent.
Commercial-grade OCR Breakthrough: Tencent released open-source HunyuanOCR, a lightweight (1B parameters) vision-language model that won the ICDAR 2025 DIMT challenge with best-in-class performance for sub-3B models.
AI Research Excellence: Alibaba's Tongyi Qianwen team won Best Paper at NeurIPS 2025, advancing attention gating mechanisms that overcome training bottlenecks in large language models.
Math Reasoning Achievement: DeepSeek released DeepSeekMath-V2 featuring self-verifiable mathematical reasoning framework, achieving gold medal performance in IMO 2025, CMO 2024 and Putnam 2024 competitions.
Domestic GPU Milestone: Xiangdixian launched its flagship GPU "Fuxi A0" based on Imagination DXD architecture, doubling rendering performance compared to previous generations and achieving international advanced level.
Superconducting Technology Record: Chinese Academy of Sciences successfully developed a large-aperture superconducting magnet with record-breaking 16.5 Tesla field strength and 150mm internal diameter, setting a domestic record.

China's technology landscape is experiencing accelerated growth in foundation models and their domain-specific applications. Tencent's HunyuanOCR and DeepSeek's mathematical reasoning models demonstrate how Chinese tech companies are developing specialized AI capabilities that target specific high-value applications while maintaining lightweight architectures for practical deployment.

The establishment of China's first undergraduate program in embodied intelligence at Shanghai Jiao Tong University signals a strategic educational investment to build talent pipelines for robotics and AI physical systems. This academic initiative complements commercial efforts such as Changan Automobile's 450 million yuan investment in robotics development, collectively advancing China's capabilities in the integration of AI with physical systems.

The strong growth in cloud infrastructure services (21% YoY) and Beijing's AI industry (25.3% YoY) indicate the substantial economic impact of China's technology development. These sectors are creating a virtuous cycle where infrastructure investments enable more AI innovation, which in turn drives demand for more advanced computing resources and specialized hardware like the domestically developed "Fuxi A0" GPU.

Selected News

Tech News List
2025/11/30

Shanghai Jiao Tong University Establishes China's First Embodied Intelligence Undergraduate Program

Shanghai Jiao Tong University announced the establishment of the country's first undergraduate program in Embodied Intelligence. The program, affiliated with the School of Artificial Intelligence, will award engineering degrees and plans to enroll 30 students annually. It aims to cultivate interdisciplinary talent in response to the global AI industry's new transformation. The Chinese embodied intelligence market is expected to reach 5.295 billion yuan, accounting for 27% of the global market.

Reference

2025/11/30

Xiangdixian Launches Flagship GPU "Fuxi A0"

Xiangdixian unveiled its flagship GPU "Fuxi A0" at the 31st ICCAD-Expo 2025, based on the Imagination DXD architecture. As the world's only mass-produced IMG DXD architecture product, it features graphics and AI fusion capabilities, with overall rendering performance more than doubling compared to the previous generation, reaching an internationally advanced and domestically leading level.

Reference

2025/11/28

Alibaba's Tongyi Qianwen Team Wins Best Paper at NeurIPS 2025

Alibaba's Tongyi Qianwen team won Best Paper at NeurIPS 2025, the only Chinese team to receive this award. The paper reveals how attention gating mechanisms affect large model performance and training, with findings already applied to the Qwen3-Next model. The team has open-sourced over 300 models with global downloads exceeding 700 million.

Reference

2025/11/28

China's First 1500°C Class Single-Axis Heavy-Duty Gas Turbine Achieves Full Capacity Operation

China's first 1500°C class single-axis heavy-duty gas turbine project—Datang Chongqing Jiangjin Gas Turbine—has achieved full capacity operation. With a total investment of approximately 2.6 billion yuan and two 546,800 kW units, the total installed capacity reaches 1,093,600 kW. The project fills the domestic gap in "F" class improved single-axis heavy-duty gas turbines and holds 18 utility model patents and 6 invention patents.

Reference

Market & Policy News List
2025/11/29

National Space Administration Establishes Commercial Space Department

China's National Space Administration has established a Commercial Space Department, marking the arrival of a dedicated regulatory agency for the country's commercial space industry. This department will promote high-quality development of China's commercial space sector, with benefits expected across the entire industry chain. The Chinese commercial space market is projected to grow to 2.5-2.8 trillion yuan by 2025.

Reference

2025/11/27

Six Departments Release Consumer Goods Supply-Demand Adaptability Implementation Plan

The Ministry of Industry and Information Technology and five other departments jointly released the "Implementation Plan for Enhancing Consumer Goods Supply-Demand Adaptability and Further Promoting Consumption." The plan aims to form three trillion-level consumption sectors and ten 100-billion-level consumption hotspots by 2027, emphasizing the use of "artificial intelligence + consumption" to improve supply adaptability.

Reference