Cambricon becomes first STAR Market stock to hit 1-trillion-yuan market cap
Cambricon Technologies Corp. Ltd. became the first company listed on Shanghai’s tech-focused STAR Market to surpass 1 trillion yuan ($147 billion) in market capitalization, as the SSE STAR 50 Index continued its strong rally. Shares of the Chinese AI chipmaker closed up 7.7% at 1,595.55 yuan on Tuesday, bringing its market value to 1 trillion yuan. The company’s stock has surged more than 75% so far in 2026. After posting its first annual profit in 2025, Cambricon reported a 159.6% year-on-year jump in revenue to 2.9 billion yuan in the first quarter of 2026, while net profit attributable to shareholders soared 185% to 1 billion yuan.
UBTech launches lifelike humanoid robots in push for consumer market
UBTech Robotics Corp. Ltd. launched a new line of highly realistic bionic humanoid robots on Tuesday, marking an ambitious push into the consumer-companion market with models priced as high as 990,000 yuan ($146,491). The U1 series comes in three versions. The half-body U1 Lite is priced at 119,800 yuan. The U1 Pro, priced at 169,800 yuan, can speak and display facial expressions, though its autonomous mobility below the neck is limited. The top-end U1 Ultra has stronger autonomous-mobility capabilities, including walking a catwalk and dancing. Its male and female versions are priced at 990,000 yuan and 880,000 yuan, respectively. The Hong Kong-listed company is seeking to build a “second growth curve” beyond its core industrial and commercial service-robot business by moving into consumer niches, including the large market for women-oriented romance-simulation games.
Embodied AI startup DexForce raises 1 billion yuan
DexForce, a physical AI and embodied intelligence startup, announced on Tuesday that it has completed a 1 billion yuan Series B funding round, bringing its post-investment valuation to more than 10 billion yuan. Investors included Shenzhen Capital Group Co. Ltd., ICBC Capital and Lens Technology Co. Ltd. The funds will be used to iterate its foundational world model algorithms, build data infrastructure and enhance the capabilities and real-world deployment of its humanoid robots.
Neolix gets nod for autonomous delivery tests in Malaysia
Chinese autonomous delivery vehicle maker Neolix Technologies Co. Ltd. announced on Tuesday that it has received approval from Malaysia’s transport ministry to become one of the first companies permitted to conduct sandbox testing for unmanned delivery vehicles on public roads. Neolix plans to launch the road tests in Cyberjaya in the coming weeks on closed, semi-open and public roads to verify vehicle performance in real urban traffic conditions.
