Financing
4 related stories
6-Month Funding of 2 Billion RMB Makes This Company the Youngest Unicorn in Embodied AI
ZhiJin Power has completed 5 rounds of financing totaling 2 billion RMB in under six months, becoming the youngest unicorn in the embodied AI sector. Backed by Tencent and Alibaba, the team features ex-Li Auto executives focusing on mass production.
Xingdong Era Closes Nearly 1 Billion RMB Series A+ Round; Stanford Team Unveils Home Robot Memo; π*0.6 Model Breakthrough | Radio Weekly
Xingdong Era secures nearly 1 billion RMB in Series A+ funding for its VLA embodied AI model. Meanwhile, the Stanford-founded startup Sunday launches home robot Memo, and PI's π*0.6 model achieves a breakthrough in Visual-Language-Action (VLA) capabilities.
Wang Xingxing regrets not doing AI earlier; Unitree launches 'Star Dog'; iPhone 17 sales hit record | E-wave Weekly Report
At the 2025 Bund Summit, Unitree's Wang Xingxing expressed regret over not entering AI sooner, citing current hardware sufficiency but model limitations. Meanwhile, Unitree and Star Legend unveiled the consumer-grade 'Star Dog,' and JD.com reported that iPhone 17 pre-orders surpassed last year's total in just one minute.
Zhiyuan Robot to Take Control of Shangwei New Materials; Magic Atom Unveils MagicBot Z1; xAI Officially Launches Grok 4 | Electromagnetic Wave Weekly Report
Zhiyuan Robot aims to acquire control of Shangwei New Materials, while Magic Atom releases the new bipedal robot MagicBot Z1. xAI officially launches Grok 4, and Meituan invests in Xinghai Tu.