Robot-maker Cedarobo raises over 100 million yuan
Consumer embodied robotics startup Cedarobo announced on Friday that it completed a new funding round of more than 100 million yuan ($14.5 million). Cedarobo focuses on high-end consumer hardware alongside software subscription services. CEO Cai Youfei previously served as vice president of R&D at RoboSense Technology Co. Ltd.
China expected to surpass U.S. as largest public science funder within two years
China is on pace to eclipse the U.S. as the world’s largest funder of public science within the next two to three years, marking a structural tipping point in global research and development, according to a late March analysis by the Nature Index, which tracks high-quality research output in the natural and health sciences globally.
Chinese AI leaders discuss impact of OpenClaw framework
The meteoric rise of open-source artificial intelligence (AI) agent OpenClaw is forcing a reset across the industry as developers strive to build viable monetization models and new infrastructure for agents designed to autonomously execute complex tasks, industry executives said at a recent forum. Users now expect large language models to execute actual work rather than simply engaging in conversations, Zhang Peng, chief executive officer of Zhipu AI, said during a panel discussion at the ZGC Forum on Friday.
GAC posts first annual loss since 2010
Guangzhou Automobile Group Co. Ltd. reported its first annual loss since going public in 2010, as the state-owned carmaker grappled with the brutal price war and sluggish sales. The Hong Kong- and Shanghai-listed company booked a net loss of 8.8 billion yuan in 2025, compared with a profit of 824 million yuan a year earlier, as revenue declined 10.4% year-on-year to 95.7 billion yuan, according to its earnings report released Friday.
