China’s Ministry of Industry Initiates National Computing Power Node Construction; Beijing Robotics Firm Secures Over 700 Million Yuan in Funding

Investment Focus on Hard Technology | The Ministry of Industry and Information Technology (MIIT) has initiated the construction of national computing power interconnection nodes. Beijing Human Robot has successfully completed its first round of financing, exceeding 700 million yuan.

This week, significant investment news in the hard technology sector includes:

• MIIT: Focus on breakthroughs in computing power chips, industrial large models, and other key technologies.
• Shanghai: Actively cultivate future industries such as brain-machine interfaces and fourth-generation semiconductors.
• NVIDIA may invest $20 billion in OpenAI during its latest financing round.

Policy Update: The People’s Bank of China aims to enhance the credit market in 2026, focusing on supporting key areas such as expanding domestic demand, technological innovation, and small and micro enterprises. A meeting was held to discuss the 2026 credit market work, emphasizing the importance of adapting to changes in the economic and financial landscape during the 14th Five-Year Plan period.

The MIIT announced a notice regarding the construction of national computing power interconnection nodes, aimed at enhancing the overall computing power level. This initiative seeks to build a network of nodes across national hubs, strategic regions, and key industries, facilitating standardized interconnection and efficient application of computing resources.

Key Actions:

• Strengthening the application foundation by breaking through critical technologies such as computing power chips and industrial large models.
• Improving the application ecosystem by enhancing standards and promoting open-source culture.
• Expanding international cooperation through participation in multilateral mechanisms like the UN, BRICS, and ASEAN.
• Implementing effective governance in applications by innovating safety governance tools and enhancing industry self-discipline.

Shanghai: The 16th session of the Shanghai Municipal People’s Congress has commenced, with Mayor Gong Zheng presenting a report that emphasizes the construction of high-level sci-tech communities and the development of industries like brain-machine interfaces and fourth-generation semiconductors.

Guangdong: The province aims to expand autonomous driving public transportation areas and increase the scope for road testing and demonstration applications of intelligent connected vehicles, as outlined in the implementation opinions for accelerating the high-quality construction of a digital society.

Fujian: The provincial development and reform commission has issued measures to promote innovative enterprises in the digital economy, focusing on efficient supply of computing resources and the establishment of a clean energy computing power center.

Funding News:

• NVIDIA is reportedly close to finalizing a $20 billion investment in OpenAI.
• Beijing Human Robot Innovation Center has completed over 700 million yuan in market-oriented financing.
• Linghou Robotics has raised over 100 million yuan in a Pre-B financing round.
• Zhuoyi Robot has secured nearly 100 million yuan in a Pre-A+ financing round.
• Yuanshixin has raised over 300 million yuan in an A+ financing round.

Secondary Market Updates:

• Chip Guide Technology plans to acquire 100% of Jishun Technology and 17.15% of Shunlei Technology, constituting a significant asset restructuring.
• Zhi Yang Innovation is planning to purchase control of Lingming Photon, with trading suspended.
• Lexin Technology intends to repurchase shares for employee stock ownership or equity incentives, with a budget of 50 million to 100 million yuan.
• Fuguang Shares plans to reduce shareholding by up to 3% due to funding needs.
• Lanqi Technology has set the H-share issuance price at 106.89 HKD.
• Lingyun Optical is adjusting the purpose of repurchased shares and will cancel 3.48 million shares.