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Alibaba and Tencent Just Wrote Angel Checks to the Same Robot Startup
Morphi, a Shenzhen humanoid robotics startup founded in August 2025, disclosed on July 29 that it has closed an angel-round series exceeding RMB 1 billion (US$140 million) at a post-money valuation above RMB 7 billion (US$980 million). Alibaba and Tencent co-led the round, a rare joint appearance by China's two largest internet groups at the angel stage. Nine additional institutions participated, including Legend Capital, Source Code Capital, and Gaorong Capital. The company is led by ex-Huawei executives, with its CTO drawn from Huawei's autonomous driving AI leadership. It is the largest publicly disclosed first-round financing in China's embodied intelligence sector.

Tencent Backs Another Robotics IPO: Fengjiang Smart Files for Hong Kong Listing
Fengjiang Smart (FJ Dynamics), backed by Tencent, has filed for an IPO on the Hong Kong Stock Exchange, joining a growing queue of Chinese robotics companies heading to public markets in 2026 as internet capital converges with physical automation.

A Chip-Agnostic Inference Engine Just Cut Robot Reaction Time by 90 Percent
Infinigence AI, Tsinghua University, and Shanghai Jiao Tong University open-sourced APXInf, an inference engine that cuts robot control latency by 90 percent on NVIDIA's Jetson Thor chip.

CyberHero Launches Eight-City Humanoid Robot Sports League
Hero Esports launched CyberHero in Riyadh with EngineAI T800 humanoids and plans an eight-city circuit built around teams, technology, and live entertainment.
DeepCtrls Raises B+ Round Led by CATL, Aramco Backs In
DeepCtrls, a profitable Shenzhen physical AI company selling energy-optimization software to data centers and factories, raised a B+ round led by CATL with Saudi Aramco Ventures participating, months after a JinkoSolar-led B round backed the same energy-infrastructure thesis.

A Tsinghua Startup's Third Funding Round This Year Comes With a Bet Against the Humanoid Race
LingYu Robotics, a Tsinghua-founded infrastructure startup, closed its third funding round of 2026, betting that wheeled teleoperated robots generating force-labeled data are worth more right now than a fully autonomous humanoid.
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LEADERSHIP
MA Huateng (Co-Founder) LAU Chi Ping (President)
