Ministry of Industry and Information Technology Launches National Computing Power Connectivity Initiative as Beijing Robotics Company Secures Over 700 Million Yuan in Funding

Investment Trends in Hard Technology

This week brought significant news in the hard technology investment landscape, including:

• Ministry of Industry and Information Technology (MIIT): Focus on breakthroughs in key technologies such as computing power chips and industrial large models.
• Shanghai: Strongly fostering the development of future industries like brain-machine interfaces and fourth-generation semiconductors.
• NVIDIA may invest $20 billion in OpenAI’s latest funding round.

Policy Updates

People’s Bank of China: Emphasizing support for expanding domestic demand, technological innovation, and small and medium-sized enterprises in the 2026 credit market work meeting. The meeting highlighted the importance of understanding the evolving economic and financial situation during the 14th Five-Year Plan period and enhancing financial services for major strategies, key sectors, and weak links.

MIIT’s Initiatives

The MIIT has announced efforts to establish a national network for computing power interconnectivity. This initiative aims to build nodes in major strategic areas and key industries, creating a unified system for standardized interconnection and efficient application of computing resources across different regions and sectors.

The system will support comprehensive management through a unified service platform, focusing on areas with high demand for computing power.

Technological Advancement

During the 16th meeting of the China Artificial Intelligence Industry Development Alliance on February 3, 2026, the MIIT reiterated its commitment to empowering the manufacturing sector with AI, emphasizing future work in four key areas:

• Strengthening the application foundation by overcoming challenges in computing power chips and industrial models.
• Enhancing the application ecosystem through standardization and promoting open-source culture.
• Expanding international cooperation in industry exchanges.
• Implementing application governance and promoting industry self-regulation.

Local Developments

In Shanghai, the 16th People’s Congress opened on February 3, highlighting plans to advance the Lingang Science and Technology City, develop high-level science and technology communities, and cultivate future industries such as brain-machine interfaces and fourth-generation semiconductors.

Meanwhile, Guangdong Province is expanding the operational area for autonomous public transport and enhancing the testing and application of intelligent connected vehicles.

Financing Updates

In recent financing news:

• NVIDIA is nearing a deal to invest $20 billion in OpenAI’s current funding round, marking its largest single investment in the company.
• Beijing Humanlike Robotics has completed its first round of financing, raising over 700 million RMB, involving several well-known investment institutions.
• Ling Monkey Robotics secured over 100 million RMB in a Pre-B financing round led by Weilai Capital.
• Zhuoyide Robotics has completed nearly 100 million RMB in Pre-A+ financing, focusing on emotional value services and elderly care.
• Yuanshixin raised over 300 million RMB in an A+ round of financing.
• Zhiyou Wujie completed nearly 20 million RMB in an angel round of financing, aimed at product development in industrial robotics.

Market Movements

Chip Design Technology announced plans to acquire 100% of Jishun Technology and a majority stake in Shunlei Technology, constituting a significant asset reorganization.

Zhiyang Innovation is planning to acquire control of Lingming Photon, leading to a temporary halt in trading.

Lxin Technology plans to repurchase shares worth between 50 million and 100 million RMB for employee stock ownership or incentive plans.

Fuguang Co. announced plans to reduce its stake by up to 3% due to capital needs.

Lanqi Technology finalized the issuance price for its H-shares at 106.89 HKD per share.

Lingyun Optics intends to change the use of repurchased shares, adjusting their purpose from employee stock plans to cancellation.