Chinese robotics firm Zhongke Zhihuan closes nearly ¥100M A++ round

The signal: The participation of Hubei-based investors — from Changjiang Securities' innovation arm to regional fund Hubei Huacang Capital — points to a growing pattern of provincial capital backing local robotics champions as part of China's decentralised advanced-manufacturing push. That a major retail conglomerate like Wushang Group also joined the round suggests commercial demand for robotics applications is pulling in non-traditional tech investors, even as extended A-series structures hint at a cautious overall funding climate.

Read more: jiemian.com