Industry Briefing
A single destination for timely, editor-curated robotics news from around the world.
HKU Professor Li Hongyang secures hundreds of millions in seed funding for his startup on embodied AI.
Archon Robotics, a Shanghai-based company specializing in whole-body humanoid models, has successfully secured hundreds of millions in seed funding from prominent investors, including ZhenFund, Gao Rong Capital, IDG Capital, and others. The financing round, which took place recently, aims to enhance the development of humanoid models, collect multimodal motion data, expand the talent team, and establish research centers and industry partnerships, with the goal of launching an open-source humanoid model by the end of this year. Founded in April 2026, Archon Robotics focuses on creating whole-body intelligence for humanoid robots, enabling them to perform complex tasks that require full-body coordination. The company's founder, Dr. Hongyang Li, is an assistant professor at the University of Hong Kong and has received accolades for his work in autonomous driving. Co-founder and CEO Dr. Tianyu Li, along with the core team, brings expertise from top institutions and has a strong background in robotics and AI. The humanoid robotics sector is at a pivotal moment, with significant investments occurring but lacking a unified technical consensus. Current limitations in training data restrict robots to simple tasks, as they often lack the necessary information for complex human-like interactions. Archon Robotics aims to address these gaps by redefining data collection methods to better capture human coordination and movement dynamics. The company plans to release its first humanoid model in late 2026, emphasizing the need for robots to operate effectively in dynamic home environments. By focusing on comprehensive data collection and understanding physical interactions, Archon Robotics seeks to advance the capabilities of humanoid robots beyond current limitations.
China's Aerospace-Grade Carbon Fiber Breaks Free from Foreign Dependency with Major Production Expansion
Zhongfu Shenying has launched three advanced carbon fiber production lines in Lianyungang, a significant step towards enhancing China's self-sufficiency in aerospace materials. This initiative, unveiled recently, aims to reduce the country's reliance on foreign suppliers, particularly Japan's Toray and various U.S. manufacturers, which have dominated the market for critical aerospace components. By establishing these production lines, Zhongfu Shenying is positioning itself as a key player in the high-performance materials sector, responding to the growing demand for domestic production capabilities in the aerospace industry. This move not only strengthens China's industrial base but also aligns with national objectives to bolster local manufacturing and innovation in strategic sectors.
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Hong Kong raises nearly $44b to lead Asia-Pacific issuance
In the first half of 2026, Hong Kong experienced a significant surge in equity issuance, which increased by 29% to nearly US$44 billion. This growth was primarily driven by the robust performance of battery and circuit-board manufacturers, reflecting a strong demand in these sectors. The rise in equity issuance highlights the region's ongoing economic recovery and investor confidence, particularly in technology and renewable energy industries. The trend suggests that companies are capitalizing on favorable market conditions to raise funds for expansion and innovation, positioning themselves for future growth.
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Smart Hand valued at $1 billion after 5 months, achieves profit in first quarter; DeepSeek plans to double all departments.
On June 26, 2026, Wuliangye announced the removal of Zeng Zongqin from his position as chairman due to his inability to fulfill his duties. The decision was made during the company's annual shareholder meeting, where a proposal to appoint Deng Min as the new chairman was approved. Zeng's departure, effective immediately, will not affect the company's operations, as he held no shares and had no outstanding commitments. In Yantai, JD Pharmacy has established a new company, JD Pharmacy (Yantai) Co., Ltd., with a registered capital of 100,000 RMB. The company, fully owned by JD Pharmacy (Qingdao) Chain Co., Ltd., will engage in retailing pharmaceuticals and providing medical device services. SpaceX, led by Elon Musk, plans to launch a new Starlink mobile service in the U.S. and develop its own ground mobile network, aiming to compete with major carriers like Verizon, AT&T, and T-Mobile. He Xiaopeng announced on June 25 that XPeng Motors is set to expand globally, with the second-generation VLA model expected to enter international markets by 2027, coinciding with new EU regulations on autonomous driving. Meanwhile, Lingqiao Shou, a company spun off from Zhiyuan Robotics, has achieved a valuation of $1 billion within just five months of its establishment, following significant funding rounds. Beijing Tongrentang Medical and Health Investment Co. plans to raise up to HKD 671.6 million through an IPO in Hong Kong, with shares priced between HKD 5.48 and HKD 6.21, expected to begin trading on July 7. Lastly, DeepSeek announced plans to double its workforce across all departments, while Apple reported a surge in memory demand due to the rapid expansion of AI data centers, presenting challenges for the electronics industry.
Roundtable Forum: 2026 - A Year of Technology "Minority, Yet a Wave" | 36Kr WAVES 2026 New Wave
In 2026, the Chinese venture capital landscape is witnessing a significant shift as artificial intelligence (AI) transitions from a conceptual technology to a mainstream industry force. The WAVES 2026 conference, organized by 36Kr and AnYun, took place in Guangzhou's Panyu District, bringing together top investors, industry leaders, and emerging entrepreneurs to explore the evolving landscape of AI, hard technology, and other key sectors. Over two days, the event featured 14 in-depth roundtable discussions and numerous independent speeches, focusing on the underlying logic of these core areas and highlighting how the persistence of a few innovators is shaping industry transformation. During a roundtable hosted by He Sichong from Ant Group's NEXTA Innovation Lab, four prominent entrepreneurs shared insights on the rapid advancements in their respective fields. They discussed the increasing acceptance of previously niche technologies, such as embodied intelligence and tactile perception, which are now beginning to redefine industrial processes and human-machine interactions. Despite the enthusiasm, the panelists acknowledged the challenges of integrating these technologies into real-world applications, emphasizing the need for continued innovation and adaptation to meet evolving market demands. As the conference concluded, participants expressed optimism about the future of embodied intelligence and its potential to revolutionize various sectors, while also recognizing the importance of addressing the complexities of deploying these technologies in dynamic environments.
XianGong AI's rollercoaster: 7% drop in dark market, 38% surge on debut day.
On June 24, XianGong Intelligent (06106.HK) made its debut on the Hong Kong Stock Exchange, opening at HKD 101.6 and experiencing significant volatility throughout the day. The stock surged by as much as 38.3% to reach a peak of HKD 140.50 before settling at HKD 115.70, marking a 13.88% increase. The trading session saw a total turnover of HKD 533 million, resulting in a market capitalization of HKD 12.78 billion. Despite the initial excitement, the stock's performance raised concerns about its high valuation, with a price-to-sales ratio of approximately 25 times based on last year's revenue of HKD 442 million. This valuation positions XianGong as one of the most expensive robotics IPOs in Hong Kong, especially when compared to competitors like Geek+ and Estun, which have significantly lower ratios. The trading day was marked by dramatic fluctuations, with the stock initially trading at HKD 105 in the dark market before plummeting to a low of HKD 80, reflecting a 21.3% drop. The limited availability of shares, with only 9.5% publicly issued and 4.12% locked by cornerstone investors, contributed to the sharp price movements. XianGong holds a leading 24.8% share in the global robotics controller market, but its overall revenue ranking is lower, placing seventh globally in industrial intelligent robotics. Analysts suggest that the company's reliance on controller sales may not be sustainable, as major manufacturers typically produce their own controllers, limiting XianGong's potential customer base. The company's future performance will depend on its ability to maintain market share and improve profitability, with investors closely monitoring upcoming financial reports for insights.
China’s medical AI breaks ground as surgical robot wins EU approval, model tops benchmark
Chinese medical AI has achieved significant advancements, highlighted by the entry of a teleoperated surgical robot into the European Union market and a clinical-grade model surpassing a key healthcare benchmark established by OpenAI. On Monday, Shanghai MicroPort MedBot announced that its Toumai Remote robot, designed for remote laparoscopic surgeries, has received the CE mark, a certification required for market access in the EU, as reported in its filing to the Hong Kong stock exchange. This development underscores the growing influence of Chinese innovations in the global healthcare technology sector, driven by the increasing demand for advanced surgical solutions that enhance precision and accessibility. The successful certification of the Toumai Remote robot marks a pivotal step in expanding its operational capabilities and improving patient outcomes in surgical procedures across Europe.
Peking University team develops new generation data acquisition device using EMG wristband, backed by Gong Hongjia, Lu Qi, and overseas
The SnowOrigin team, composed of researchers from Peking University, has secured investments from notable figures including Gong Hongjia and Lu Qi, as well as overseas institutions. This innovative team focuses on surface electromyography (sEMG) technology to develop a new generation of human control data collection solutions, utilizing wearable devices like neural wristbands and panoramic headsets, along with their proprietary Neural Math Hybrid (NMH) AI decoding model. As the fields of embodied intelligence and Physical AI rapidly evolve, there is an increasing demand for high-quality human control data. Current mainstream data collection methods, such as first-person video and motion capture, often fail to capture critical information about the intent and nuances of human actions. SnowOrigin's wearable devices aim to bridge this gap by integrating muscle and neural signal decoding technologies to create structured data that includes posture, force, and micro-control, thereby supporting the training of robots and world models. Founder Qin Xu emphasized that unlike traditional lab-based motion capture systems, their wearable solutions are cost-effective, lightweight, and suitable for long-term use without disrupting daily activities. The team is advancing two commercialization pathways: enhancing human-robot interaction for AI devices and building a foundational data infrastructure for Physical AI applications. With a strong academic background and a commitment to innovation, SnowOrigin is positioned to lead in the emerging market for embodied data collection, having already made significant strides in real-time decoding of sEMG signals into actionable insights. As the demand for comprehensive interaction data grows, the team is poised to capitalize on this shift in paradigm.
Apple supplier Lingyi seeks US$1.1 billion Hong Kong IPO to fund AI and robotics push
Lingyi iTech, a key supplier for Apple, is set to expand its operations beyond the smartphone sector by launching an initial public offering (IPO) in Hong Kong, aiming to raise up to HK$8.3 billion (approximately US$1.1 billion). The Shenzhen-based electronic components manufacturer plans to use the funds to invest in artificial intelligence hardware and humanoid robotics. The IPO is scheduled to debut on the Hong Kong stock exchange this Friday, with the company offering 811.8 million shares at a maximum price of HK$10.18 each. The subscription period for investors has already commenced, marking a significant step in Lingyi iTech's strategic growth and diversification efforts.
BilibiliWorld 2026 is China's first overseas ticketed ACG event; 17 measures to promote AI in consumer development; Kuaizhou-11 rocket successfully
Didi Autonomous Driving showcased its advancements in self-driving technology at the MOVE 2026 conference held in London on June 17-18. The company highlighted its achievement of L4-level core technology and the delivery of its new Robotaxi model, R2, developed in collaboration with GAC Aion, which is currently undergoing road tests in cities like Guangzhou and Beijing. Since launching all-weather passenger testing in select areas last year, Didi has maintained a safe and stable operational performance. On June 18, Cainiao's Vice President Bi Jianghua announced plans to deploy four large-scale climbing robot warehouses globally within the next four months, following successful trials during the 618 shopping festival. This initiative aims to enhance the efficiency of e-commerce supply chains. DingTalk's new CEO, Chen Yusen, communicated organizational changes in a company-wide letter, establishing a core platform business department and integrating various teams to streamline operations. The State Administration for Market Regulation is overseeing an antitrust compliance rectification for Huolala, mandating the cessation of practices that unreasonably lower freight prices and enforcing fair pricing algorithms. The company is expected to refund 1.2 billion yuan to drivers and reduce its commission rates. Additionally, Cao Cao Mobility announced its RoboX strategy at the International Automotive and Supply Chain Expo in Hong Kong on June 18, planning to deploy 100,000 Robovans by 2030 to enhance logistics networks. BilibiliWorld 2026 will be the first comprehensive ACG exhibition in China to offer overseas ticket sales, with tickets available globally starting June 20, for the event scheduled from July 10-12 in Shanghai. KKR has committed $1.4 billion to expand Altavair's commercial aircraft leasing portfolio, while Manifold AI has secured nearly 1 billion yuan in Pre-A funding. In economic news, Goldman Sachs suggests the Federal Reserve may need to implement consecutive rate hikes in September if inflation remains high. Meanwhile, Hong Kong plans to launch five-year government bond futures on August 3, 2026. The Ministry of Commerce has introduced 17 measures to promote the integration of artificial intelligence into consumer markets.
Zhejiang University Entrepreneurs Seek Hong Kong IPO: Five Highlights from XianGong Intelligent's Prospectus
On June 15, the Hong Kong-based robotics company XianGong Intelligent (06106.HK) commenced its initial public offering (IPO) with a share price set at HKD 101.60 for a minimum lot of 50 shares, valuing the company at HKD 11.227 billion. XianGong first submitted its IPO prospectus to the Hong Kong Stock Exchange in May 2025, but after a six-month lapse, it resubmitted in November, finally passing the hearing in June. The company, which specializes in robotic controllers, is expected to officially list on June 24, with China International Capital Corporation acting as the sole sponsor and CMB International as the overall coordinator. Despite being the global leader in robotic controllers, XianGong faces challenges, including a projected net loss of HKD 47.6 million in 2025, despite a narrowing loss trend. The company's revenue is primarily driven by its robots, which contribute 67.9% of income but have a lower profit margin compared to its controllers and software. XianGong has raised approximately HKD 2.83 billion through four rounds of financing prior to the IPO, with significant investments from firms like ProLogis and IDG. Valued at a price-to-sales ratio of 22, XianGong's IPO is the most expensive among its peers, relying heavily on maintaining high growth and profit margins. The company's founder, Zhao Yue, a Zhejiang University graduate and two-time RoboCup champion, leads a team with a strong academic background in robotics. As XianGong prepares for its market debut, its future performance will be closely monitored amid ongoing financial challenges.
'Dark factory' pioneer Xiangrui Zeng to speak at FAMS 2026
Xiangrui Zeng, a prominent Chinese authority in AI-driven autonomous manufacturing and robotics, is set to deliver a keynote address at the Future AI Mobility Summit 2026, scheduled for later this month in Seoul. The organizing committee announced his participation on Monday. As a professor at the School of Mechanical Science and Engineering at Huazhong University of Science and Technology, Zeng has earned recognition for his pioneering contributions to smart manufacturing and autonomous systems. During the summit, he will present his insights on the future of embodied AI and the development of fully autonomous factories, highlighting the potential advancements in the industry.
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Interview with Wang Zhongyuan: VLA will survive, but world models are the future.
In recent months, the concept of "World Model" has gained significant traction within the AI and robotics sectors, driven by underlying industry anxieties. As AI technology has rapidly evolved over the past two years, limitations in embodied intelligence have become apparent, revealing that while robots can recognize objects, they struggle to understand physical interactions and causal relationships. The World Model aims to bridge this gap by enabling robots to learn the laws of the physical world. At the forefront of this exploration is Wang Zhongyuan, the director of the Beijing Academy of Artificial Intelligence, who identifies four distinct paths in the development of World Models. These include language-centered models, pixel-centered models, 3D structure-centered models, and visual representation-centered models. The Beijing Academy is pioneering a fifth approach that integrates language and visual data into a unified latent space representation, allowing for more complex interactions and predictions. Wang emphasizes that the World Model's potential lies in its ability to enhance embodied intelligence, enabling robots to understand and predict physical interactions over time. He envisions a future where World Models serve as the foundational brain for robots, capable of complex reasoning and decision-making in real-world scenarios. However, he cautions that achieving this goal will require significant advancements in data collection and model training, with a timeline of three to five years anticipated for substantial progress. As the field continues to evolve, the competition will focus on the ability to create models that accurately reflect the complexities of the physical world.
Visual Language Models Train Robots to Read Human Emotions
A recent study led by Seung Chan Hong at the University of Melbourne explores the emotional capabilities of collaborative robots as they increasingly work alongside humans. Published on May 18 in IEEE Robotics and Automation Letters, the research investigates how robots can better understand human emotions through contextual cues, beyond just facial expressions. Involving 40 volunteers, the study trained a vision language model (VLM) to interpret emotions based on video interactions where robots handed objects to humans. The VLM outperformed traditional AI systems, scoring 0.86 in emotional accuracy compared to 0.77 for conventional methods. This improvement is attributed to the VLM's ability to consider the entire context of interactions rather than isolated facial expressions. In a follow-up experiment, participants interacted with a robot that was programmed to make an error, receiving either an emotionally adaptive apology or a standard one. The majority preferred the adaptive response, but trust in the robot diminished after it failed to complete its task, highlighting that emotional responses cannot compensate for a lack of functionality. While the VLM effectively recognized emotions from a third-party perspective, its accuracy dropped when compared to participants' self-reported feelings, indicating that robots still struggle to fully understand human emotions. The findings suggest that while emotional adaptivity is valuable, the primary concern for users remains the robot's competence in performing tasks.
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Xiaomi-backed Dreame weighs Hong Kong IPO in 2027
Public estimates indicate that a company is projected to generate a revenue of 8 billion yuan (approximately US$1.18 billion) in 2023. This financial forecast reflects the company's anticipated performance for the year, highlighting its growth potential in the market. As the year progresses, analysts will closely monitor the company's financial results to assess its ability to meet these expectations and the factors contributing to its revenue generation.
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LG, Nvidia chiefs pledge to cooperate on robots, AI data centers
LG Group Chairman Koo Kwang-mo and Nvidia CEO Jensen Huang convened on Monday at LG Twin Towers in Yeouido, western Seoul, to explore potential collaborations in robotics, AI data centers, and mobility. The meeting, characterized by LG as a top management discussion, was attended by LG Vice Chairman and COO Kwon Bong-seok and LG Electronics CEO Lyu Jae-cheol. This encounter marked the second meeting between Koo and Huang within three days, following a dinner on Friday in Hongdae that included the chairmen of SK and Naver. The discussions reflect a growing interest in leveraging advanced technologies to enhance operational capabilities and foster innovation in various sectors.
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Humanoid robot with embodied intelligence to run convenience store 24/7 in Hong Kong
Hong Kong is set to launch its first convenience store operated entirely by a humanoid robot, marking a significant advancement in the integration of technology within retail. The store, which is expected to open its doors in the coming weeks, aims to enhance customer experience by providing efficient service and innovative shopping solutions. This initiative is part of a broader effort to modernize the retail sector and address labor shortages exacerbated by the pandemic. The humanoid robot will assist customers with product selection, checkout processes, and provide information, showcasing the potential for artificial intelligence in everyday tasks. The introduction of this automated store reflects Hong Kong's commitment to embracing cutting-edge technology while adapting to changing consumer behaviors.
Xiaohongshu's Evolving-RL: A New Paradigm for Self-Evolving AI Agent Skills
Researchers at Xiaohongshu (RED), a prominent Chinese lifestyle and social commerce platform, have introduced Evolving-RL, an innovative reinforcement learning framework. This groundbreaking development allows artificial intelligence agents to autonomously enhance their skills through experiential learning, eliminating the need for separate modules dedicated to skill extraction. The announcement was made recently, highlighting the platform's commitment to advancing AI technology. The Evolving-RL framework represents a significant step forward in the field of machine learning, as it enables AI systems to adapt and improve based on their interactions and experiences. This advancement is expected to have wide-ranging implications for various applications in social commerce and beyond, as it streamlines the learning process for AI agents, making them more efficient and capable of handling complex tasks.
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PUDU Robotics: From HKUST Roots to Global Commercial Robot Leader
PUDU Robotics, a company established in 2016 by Hong Kong University of Science and Technology alumnus Zhang Tao, has solidified its position as the leading commercial service robotics firm globally. With a remarkable 23% share of the worldwide market, the company has achieved a valuation surpassing RMB 10 billion, equivalent to approximately USD 1.4 billion. This growth reflects the increasing demand for automation in various sectors, driven by advancements in technology and a shift towards more efficient service solutions. PUDU Robotics continues to innovate, contributing to the evolving landscape of robotics and enhancing service delivery across industries.
Robotics
Chinese researchers claim breakthrough in training household robots with AI-generated homes
A team of researchers from Ace Robotics, a start-up supported by a Hong Kong-listed artificial intelligence firm, has announced a significant advancement in the training of robots for real-world home environments. This development addresses a persistent data bottleneck in robotics, potentially speeding up the integration of robots into everyday household settings. The researchers introduced Kairos-HomeWorld, the first unified framework designed to create coherent, accurate, and simulation-ready home environments using simple text prompts. This innovation marks a pivotal step forward in making robotic assistance more accessible and practical for consumers.
UBTECH's First Full-Size Biomimetic Humanoid Robot Surpasses 1,000 Pre-Orders in 3 Days
UBTECH Robotics, a Hong Kong-listed company recognized as the first humanoid robot stock, has announced the pre-sale of its groundbreaking full-size biomimetic humanoid robot on the JD.com platform. This innovative product has already garnered significant interest, with over 1,200 units ordered shortly after the launch. The move marks a significant milestone in the robotics industry, showcasing UBTECH's commitment to advancing humanoid technology and meeting growing consumer demand for sophisticated robotic solutions. The pre-sale event highlights the company's strategic approach to leveraging e-commerce platforms to reach a global audience, reflecting the increasing integration of robotics into everyday life.
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China Achieves Mass Production Breakthrough with 360TB Glass Hard Drives
Researchers at Huazhong University of Science and Technology (HUST) have made a significant advancement in data storage technology by achieving small-scale mass production of glass-based hard drives. This breakthrough, announced recently, could revolutionize the way enterprise cold data is stored. Each glass disc boasts an impressive capacity of 360 terabytes, utilizing a unique laser "carving" technique that engraves data into the internal structure of the glass. This innovative approach not only enhances storage capacity but also offers a durable and efficient solution for managing vast amounts of data. The development marks a pivotal moment in the evolution of data storage, potentially addressing the growing demand for high-capacity storage solutions in various industries.
Technology
Pudu Robotics eyes Hong Kong listing amid geopolitical risks
Pudu Robotics, a Shenzhen-based service robot manufacturer, is preparing for a public listing in Hong Kong amid rising geopolitical tensions that are impacting its supply chain costs. In an interview with Nikkei Asia, CEO and founder Felix Zhang highlighted the company's exploration of overseas manufacturing options as part of its strategy to navigate these challenges. The move to list in Hong Kong reflects Pudu's response to the evolving market landscape and its commitment to expanding its operations despite external pressures.
AI stock trading gains ground across Asia
In the latest episode of the Tech Latest podcast, released on June 2, 2026, Nikkei Asia's tech experts, Katey Creel and Shotaro Tani, delve into the transformative impact of artificial intelligence on stock trading for retail investors across Asia. Shotaro engages with Hong Kong correspondent Lorretta Chen to explore how AI is reshaping trading strategies and enhancing opportunities for individual investors in the region. This discussion highlights the growing trend of AI integration in financial markets, reflecting a broader shift in investment practices. The podcast, available on platforms such as Apple Podcasts, Spotify, and YouTube, aims to keep listeners informed about the latest developments in the tech sector. Additionally, listeners are encouraged to subscribe to the weekly #techAsia newsletter for further insights.
China establishes a venture capital fund in Hangzhou with 1 billion yuan; Tianjin opens AI sensor industrial park; Zhejiang plans
ZTO Express has established a new logistics company, Guangzhou Zhongjing Logistics Co., Ltd., in Guangzhou with a registered capital of 500 million RMB. The company, wholly owned by ZTO Express, will engage in domestic freight transportation, equipment leasing, and computer system services. OpenAI has announced its entry into the robotics sector, focusing on developing assistive robots. CEO Sam Altman stated the company is looking for engineers to create robots that can aid in building future infrastructure. The initiative, which has evolved from a world simulation research project, aims to integrate hardware and machine learning for practical applications. Nan Er, Vice President of Zhejiang Chint Electric, has been recognized as a "2026 Zhejiang Youth Technology Entrepreneur" as part of a program to support technology entrepreneurs in the region. Foxconn and French company Bull will collaborate to manufacture AI and cloud infrastructure, with an initial investment of over 120 million euros. The project will utilize facilities in both France and the Czech Republic. On June 1, new regulations for online food delivery were implemented, with Taobao Flash collaborating with various local regulatory bodies to label the first batch of "no dine-in" merchants, enhancing compliance among 60,000 restaurants this year. Muyu Group has partnered with Alibaba Cloud to develop an AI model for the livestock industry, significantly improving the efficiency of health checks for pigs. In investment news, a new venture capital fund, Guoxin Qianjiang, has been established in Hangzhou with a capital of 1 billion RMB, while Zhi Mi has opened a financing window with a pre-IPO valuation of approximately 70 billion RMB. In product developments, a new automotive brand resulting from a collaboration between Sairus and ByteDance is set to launch a hybrid vehicle this year, while Sharpa has introduced a humanoid robot equipped with advanced tactile capabilities in partnership with NVIDIA. Lastly, the Tianjin AI Sensor Industrial Park has officially opened, with ten companies signing contracts, and Shanghai is focusing on advancing core software technologies as part of its development plan. Zhejiang Province is also seeking to implement the "Spark Plan" to accelerate the application of quantum technology products.
Malaysian defense minister publicly slams Norway for cancelled missile sale
At the Shangri-La Dialogue in Singapore, Malaysian Defense Minister Mohamed Khaled Nordin expressed concerns regarding Norway's recent actions, which he described as escalating beyond a mere bilateral contract dispute. He emphasized that this situation poses significant questions about the reliability of international agreements and the integrity of strategic partnerships. Nordin's remarks highlight the growing unease among nations regarding trust in diplomatic relations, particularly in light of recent developments that may undermine collaborative efforts on a global scale.
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Arbe Robotics: Impressive Technology, Challenging Financials (Rating Downgraded to Hold)
Arbe Robotics is shifting its focus from sluggish automotive sales to exploring new business verticals, although its revenue remains minimal. The company’s primary automotive contract is with a Chinese Tier-1 supplier for a state-owned OEM, likely linked to FAW's Hongqi Tiangong, with production expected to ramp up by late 2026. However, management has withdrawn guidance on securing additional automotive contracts and is now projecting revenues between $4 million and $6 million for 2026. Despite possessing robust technology and a significant potential market, Arbe's pathway to profitability remains uncertain, and further capital raises may be necessary unless substantial contracts are secured. The company's stock has seen a dramatic decline, plummeting 85% from a strong buy rating of $18 in January 2022 to $1.26. Stephen Tobin, an experienced investor and analyst, has been closely monitoring Arbe Robotics and leads the Strategic Wave Investments group, which focuses on emerging technology investments. He emphasizes a disciplined investment strategy aimed at identifying successful companies while minimizing losses. Despite the challenges facing Arbe, Tobin's firm continues to provide transparency and strategic insights to its members in navigating the evolving landscape of disruptive technologies.
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Taiwanese software startup Return Helper bags $4m
A prominent company has expanded its operations across multiple Asian markets, including Taiwan, Japan, Singapore, Hong Kong, and China. This strategic move, aimed at enhancing its market presence and tapping into the growing consumer base in the region, reflects the company's commitment to leveraging opportunities in these diverse economies. By establishing a foothold in these key markets, the company seeks to drive growth and innovation, responding to the increasing demand for its products and services. The expansion is part of a broader initiative to strengthen its competitive edge in Asia, where economic dynamics are rapidly evolving.
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Zhongke Diwuji Raises Hundreds of Millions in Series A to Scale Embodied AI Models
Embodied Brain, a startup specializing in few-shot physical AI models, has successfully completed its third funding round of 2026. The round was supported by Futi Capital and several state-backed investors, reflecting growing confidence in the company's innovative technology. With this new influx of capital, Embodied Brain aims to accelerate its global expansion efforts, positioning itself as a leader in the AI sector. The funding will enable the company to enhance its product offerings and reach a broader audience, capitalizing on the increasing demand for advanced AI solutions.
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New microscopy method speeds 3D brain scans while using fewer measurements
Researchers at the University of Hong Kong have unveiled an innovative microscopy technique that enhances the ability to reconstruct detailed images of biological samples. This breakthrough, announced on October 15, 2023, aims to significantly improve the visualization of cellular structures, which is crucial for advancements in medical research and diagnostics. By utilizing advanced imaging algorithms and high-resolution optics, the team has managed to achieve unprecedented clarity and depth in imaging, allowing scientists to observe intricate cellular processes in real-time. This development is expected to facilitate a deeper understanding of diseases at the cellular level, potentially leading to more effective treatments. The researchers believe that this technique could revolutionize the field of microscopy, making it a vital tool for biologists and medical professionals alike.
iMotion.ai Reports 1.6x Revenue Growth in Jan–Apr 2026, Gross Profit Surges 5.7x
iMotion.ai, a Hong Kong-based technology company, reported impressive financial results for the first four months of 2026, showcasing a remarkable 162.55% increase in revenue and an extraordinary 571.89% rise in gross profit. The company attributed this growth to the successful delivery of over 148,400 units of its products, reflecting strong market demand and effective operational strategies. This surge in performance highlights iMotion.ai's expanding footprint in the technology sector and its ability to capitalize on emerging opportunities. The significant growth figures position the company favorably as it continues to innovate and meet consumer needs in a competitive landscape.
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How DHS Is Helping World Cup Host Cities Get Counter-UAS Ready Before FIFA 2026
The Department of Homeland Security (DHS) is enhancing security measures in cities hosting the FIFA World Cup 2026 by providing guidance on counter-drone technology. As part of a broader initiative to establish effective counter-unmanned aerial systems (UAS) protocols, the DHS aims to protect high-profile sporting events and critical infrastructure from potential threats posed by drones. This effort is crucial as the tournament approaches, ensuring that host cities are adequately prepared to mitigate risks associated with careless or hostile drone activity. The collaboration underscores the importance of safeguarding public safety during major international events.
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The First Hong Kong Embodied AI Industry Summit and AGIBOT Partner Conference 2026 Hong Kong Opens
The First Hong Kong Embodied AI Industry Summit and AGIBOT Partner Conference 2026 commenced in Hong Kong, bringing together prominent government officials and industry leaders to discuss advancements in the embodied AI sector. The summit aims to promote collaboration and innovation, reinforcing Hong Kong's position as a global hub for artificial intelligence development. During the event, AGIBOT showcased its latest technologies and applications, demonstrating the potential of embodied AI across various industries. The conference serves as a platform for stakeholders to exchange ideas and explore partnerships that will drive future growth in this rapidly evolving field.
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LaST-R1: New Physical Reasoning Paradigm Achieves 99.9% Success Rate on LIBERO Benchmark
A collaborative research effort involving Simplexity Robotics, Peking University, and the Chinese University of Hong Kong (CUHK) has introduced LaST-R1, an innovative embodied AI paradigm. This new technology has demonstrated a remarkable 99.9% success rate on the LIBERO benchmark, surpassing the previous benchmark, π0.5, by 22.5% in real-world applications. The research highlights significant advancements in the field of artificial intelligence, showcasing the potential for enhanced performance in practical tasks. The findings were released in October 2023, marking a notable achievement in the ongoing development of AI systems.
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LDROBOT Robotics Jumps 103% on HK IPO Debut, Market Cap Hits $2.4B
LDROBOT Robotics experienced a remarkable 103% surge on its debut on the Hong Kong Stock Exchange, marking a significant milestone as China's second listed robotics company, following UBTECH. The company specializes in DTOF LiDAR technology and has established a client base that includes notable firms such as Ecovacs and Dreame. This successful IPO reflects growing investor interest in the robotics sector, driven by increasing demand for advanced automation solutions in various industries. The strong market performance on its first day highlights LDROBOT's potential for future growth and innovation in the rapidly evolving technology landscape.
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This 22-Year-Old SJTU PhD Is Building Flapping Wing Robots — and Sequoia Just Backed Him
Yingkong Zhivi, a pioneering company established by four PhD students from Shanghai Jiao Tong University, has successfully secured tens of millions of RMB in a Pre-A funding round. The investment was led by Yuanhe Origin, marking a significant milestone for the startup, which is recognized as the world's first entity dedicated to developing flapping wing robots with embodied intelligence. This innovative approach aims to enhance the capabilities of robotic systems, potentially transforming various applications in fields such as robotics and artificial intelligence. The funding will enable Yingkong Zhivi to further its research and development efforts, positioning it at the forefront of this emerging technology.
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Geek+ & OMLOG Revolutionize Luxury Fashion Logistics: Doubling Productivity in Hong Kong’s High-Density Urban Environment
In a significant advancement for luxury fashion logistics, Geek+ and OMLOG have unveiled a tailored automation solution in Hong Kong that has successfully doubled productivity. This innovative collaboration addresses the city's unique spatial challenges by integrating advanced robotics with seamless software systems. The initiative aims to enhance operational efficiency and elevate the client experience within the luxury retail sector. By leveraging cutting-edge technology, the partnership not only streamlines logistics processes but also sets a new standard for service in a highly competitive market.
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Kongsberg Q1 orders more than double, company eyes US expansion
In the last quarter, a significant development occurred as a firm partnered with Salt Ship Design to create a design concept for standardized vessels intended for the Royal Norwegian Navy. This collaboration highlights the ongoing efforts to enhance naval capabilities and streamline vessel design processes. The project aims to meet the specific needs of the Navy while ensuring efficiency and cost-effectiveness in future shipbuilding endeavors. The initiative reflects a broader trend within the defense sector to modernize and standardize military assets.
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DAIMON Robotics Wants to Give Robot Hands a Sense of Touch
In April 2023, DAIMON Robotics, a Hong Kong-based company, launched Daimon-Infinity, touted as the world's largest omni-modal robotic dataset for physical AI. This extensive dataset, which includes high-resolution tactile sensing data from over 80 real-world scenarios and 2,000 human skills, aims to enhance robot manipulation capabilities across various tasks, from household chores to industrial assembly lines. The initiative is backed by collaborations with prominent partners, including Google DeepMind, Northwestern University, and the National University of Singapore. Prof. Michael Yu Wang, co-founder and chief scientist of DAIMON, emphasized the importance of tactile feedback in improving robotic dexterity, advocating for a shift from the traditional Vision-Language-Action (VLA) model to a more integrated Vision-Tactile-Language-Action (VTLA) framework. This transition is crucial for enabling robots to perform complex manipulation tasks effectively, especially in environments where visual data alone is insufficient. Recognizing a significant data gap in the robotics industry, DAIMON has committed to open-sourcing 10,000 hours of its dataset to support broader research and development efforts. The company aims to accelerate the deployment of embodied AI by providing high-quality tactile data, which is essential for training robots to interact with their surroundings more naturally and effectively. As the robotics landscape evolves, DAIMON's innovative approach positions it as a key player in advancing the capabilities of humanoid robots in real-world applications.
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HKEX posts record quarterly profit, topping forecast as listings and turnover surge
Hong Kong Exchanges and Clearing (HKEX), the operator of Asia's third-largest stock market, announced a record quarterly profit for the first three months of 2026. The company reported a net profit of HK$5.19 billion (approximately US$662 million), marking a 27 percent increase from the same period last year. This figure, which translates to HK$4.10 per share, surpassed analysts' expectations of HK$4.6 billion. The surge in profit was attributed to a rise in new listings and increased trading activity, contributing to the highest quarterly profit in HKEX's history, exceeding the previous record of HK$4.9 billion set in the third quarter of 2021. The announcement was made on Wednesday, highlighting the robust performance of the exchange amid a dynamic market environment.
From DeepSeek to DeepRoute: Why a Top AI Researcher Bet on the Physical World
At the 2026 Beijing Auto Show, DeepRoute.ai announced a strategic transformation from being an Advanced Driver Assistance Systems (ADAS) supplier to focusing on developing Physical AI infrastructure. This shift is underscored by the integration of a unified foundation model and extensive real-world data to enhance AI applications in the physical realm. The company also highlighted its commitment to innovation with the recent addition of Ruan Chong, a former scientist from DeepSeek, to its team. This move reflects DeepRoute.ai's ambition to leverage AI technology to create more effective solutions for real-world challenges.
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Biotech-led boom as 8 China firms flock to Hong Kong’s thriving stock market
In April, eight companies from mainland China, including five biotech firms, successfully passed listing hearings on the Hong Kong stock market, enabling them to access the city's substantial liquidity. This influx features a diverse range of businesses, such as an AI-driven drug discovery company, a developer of driverless technology, and a manufacturer of industrial robots. The move aligns with the ongoing efforts of the China Securities Regulatory Commission (CSRC), which has been encouraging private firms to pursue listings in Hong Kong as a strategic response to market conditions. By facilitating these listings, the CSRC aims to enhance investment opportunities and bolster the financial landscape in the region.
Hong Kong IPOs lure mainland China insurers seeking higher returns
Mainland China's insurance companies are increasingly becoming significant investors in Hong Kong's initial public offerings (IPOs), driven by a desire for higher returns and supportive policies from Beijing that encourage investment in equity markets. Notable firms such as Ping An Insurance (Group), Taikang Life Insurance, New China Life Insurance, Dajia Life Insurance, and China Post Life Insurance have collectively invested over $250 million in approximately 11 IPOs this year, as reported by UBS. This trend highlights the growing influence of these insurers in Hong Kong's financial landscape, as they capitalize on favorable market conditions and regulatory backing to enhance their investment portfolios.
Crypto industry sees AI-driven agent economy as next growth driver
At Hong Kong’s Web3 Festival, officials are looking ahead to the potential integration of artificial intelligence agents into the evolving landscape of cryptocurrency and traditional finance. Scheduled to take place soon, the festival aims to explore how these AI agents, capable of perceiving their surroundings and making autonomous decisions, can leverage the unique advantages of cryptocurrency. The rapid growth and mainstream acceptance of digital currencies highlight the need for tools that can enhance the economic capabilities of AI. By facilitating instant cross-border transactions, cryptocurrency could play a crucial role in unlocking the full potential of these intelligent systems, paving the way for a new era of financial innovation.
Sarang Gupta Builds AI Systems With Real-World Impact
Sarang Gupta, a data scientist at OpenAI in San Francisco, has leveraged his childhood curiosity and engineering skills to make significant contributions to the field of artificial intelligence. From a young age, Gupta demonstrated a knack for problem-solving, fixing household items and later developing software solutions, including an online ordering system for a local restaurant. After earning dual degrees in industrial engineering and business management from the Hong Kong University of Science and Technology, he began his career at Goldman Sachs, where he automated trade reconciliation processes, enhancing operational efficiency. In 2020, Gupta earned a master's degree in data science with a focus on AI from Columbia University, where he collaborated on projects that aimed to improve journalism through technology. He then joined Asana as a product data scientist, leading the launch of AI-powered features to enhance user experience. His work gained momentum alongside the rise of generative AI, prompting him to transition to OpenAI in September 2025. At OpenAI, Gupta collaborates with the marketing team to develop data-driven models that optimize customer outreach and measure the effectiveness of various marketing channels. He emphasizes the transformative potential of AI across industries and plans to continue his work in this rapidly evolving field. Gupta, an IEEE member since 2024, values the organization for its resources and networking opportunities, which he believes inspire and enhance his professional journey.
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JAKA và Intel hợp tác để đưa Trí tuệ nhân tạo thể hiện (Embodied AI) từ phòng thí nghiệm đến các ngành công nghiệp toàn cầu.
On January 7, 2026, in Shanghai, China, JAKA Robotics and Intel China signed a Memorandum of Understanding (MoU) aimed at accelerating the commercialization of Embodied AI, transitioning this advanced technology from research labs to practical applications. JAKA Robotics, known for its comprehensive product range including the JAKA Kargo wheeled humanoid robot and the JAKA Lumi Embodied AI platform, is collaborating with Intel to leverage Intel's leadership in advanced computing and AI alongside JAKA's robotic capabilities. The partnership will focus on three strategic pillars: 1. Joint technical innovation, integrating Intel's hardware platforms, such as the Intel® Core™ Ultra processors, with JAKA's robotics technology to explore critical integration pathways and establish a shared development roadmap. 2. Scalable industrial solutions, aimed at creating easily deployable robotic solutions for industrial manufacturing and commercial services, turning AI concepts into tangible productivity gains. 3. Ecosystem development, fostering an open industrial ecosystem through joint marketing initiatives and support programs for academic and industrial partners. Wang Jingjia, General Manager of Intel China's Industry and Solutions Division, emphasized the importance of deep integration between robust open computing platforms and advanced robotic technology for the widespread application of Embodied AI. This collaboration marks a significant step toward scaling Embodied AI from concept to production, enabling smarter interactions and greater precision with a real impact on the global economy.
Humanoid robots show off their language and boxing skills in Hong Kong
In Hong Kong, a humanoid robot resembling a primary school student captivated audiences by singing songs and engaging in conversation in both Mandarin and English. The robot interacted with attendees, responding to their questions and providing an entertaining experience. This demonstration showcased advancements in robotics and artificial intelligence, highlighting the growing integration of technology in everyday life. The event aimed to promote interest in robotics and its potential applications, illustrating how such innovations can enhance communication and learning.
Robotics
Robots with different bodies can now share skills: What intention-based learning changes
A multi-institutional team, featuring Chongjie Zhang, an associate professor of computer science and engineering at Washington University in St. Louis, has developed an innovative method that allows robots to learn from one another despite differences in their designs. This advancement comes amid the growing use of robots across various sectors, including manufacturing, agriculture, and healthcare. The research addresses a critical challenge in robotics: enabling teams of robots to collaborate effectively and achieve shared goals. By leveraging this new approach, robots can better understand and replicate the intentions demonstrated by their peers, enhancing their operational efficiency and adaptability. This breakthrough could significantly impact the future of robotic applications, fostering more cohesive and intelligent robotic systems.
Robotics
Estun Debuts on HKEX, Accelerating Global Expansion through “A+H” Dual Capital Market Platform
Estun Automation made a significant advancement in its capital market strategy by officially listing on the Main Board of the Hong Kong Stock Exchange on March 9, under the stock code 02715.HK. This follows the company's earlier listing on the Shenzhen Stock Exchange in 2015, where it is identified by the stock code 002747.SZ. The dual listing aims to enhance Estun's visibility and access to international investors, further solidifying its position in the automation industry.
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HumanX: The AI Framework Turning Unitree’s G1 into a Basketball Pro
Researchers from the Hong Kong University of Science and Technology (HKUST) and the Shanghai AI Lab have developed an innovative full-stack framework that enables humanoid robots to learn complex athletic skills, such as basketball and reactive fighting, by directly analyzing human videos. This groundbreaking technology eliminates the need for traditional manual reward engineering, streamlining the learning process for robots. The framework represents a significant advancement in the field of robotics and artificial intelligence, showcasing the potential for machines to acquire skills through observation and imitation. The development is part of ongoing efforts to enhance robot capabilities and improve their interaction with human activities, with implications for various applications in sports, entertainment, and training environments.
G1 Unitree Robotics Research embodied-aiRobotics needs a service framework.
RSF defines a common language for robot service capability, lifecycle operations, certification pathways, and service-provider networks.
