Fund Raising

The latest 2 billion yuan funding comes just two months after Galaxea completed a nearly 1 billion yuan Series B round in February.

SynapX announced on Friday the completion of a nearly $50 million initial funding round, less than two months after its establishment in January.

Moonshot is seeking to raise up to $1 billion in an expanded funding round, which would value it at about $18 billion, Bloomberg reported.

The funding round follows rival Galbot's record-breaking 2.5 billion yuan financing, highlighting the accelerating investment boom in China's embodied intelligence sector.

Galbot has completed a new round of financing worth 2.5 billion yuan ($363 million), led by state-backed capital.

China Telecom will leverage its strengths in cloud computing and computing power networks to engage in deep business collaboration with ModelBest.

With capital markets showing strong demand for China's AI boom, StepFun could list as early as this year.

AI² Robotics has completed 12 funding raises over the past year, with its valuation officially surpassing RMB 10 billion.

Moonshot's latest two funding rounds collectively exceeded $1.2 billion, setting a new single-round financing record in China's AI large-model space over the past year.