SoftBank
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From Bare-Bones Beginnings to Top of the Pack: 100,000 Robots and 15 Years of Bare-Knuckle Survival | Yunqi Capital Doers --- The title alone tells the story: "bare-bones" (毛坯房) and "bare-knuckle survival" (极限求生). These aren't buzzwords — they're the lived reality of a company that spent fifteen years clawing its way from nothing to industry leader. ## The 100,000-Robot Milestone In 2024, this robotics firm crossed a threshold few in China's hardware sector ever reach: deploying 100,000 units in the field. Not prototypes. Not showroom pieces. Production robots operating in factories, warehouses, and logistics hubs across the country. The number matters because hardware scales differently than software. Each unit demands supply chain discipline, manufacturing consistency, and after-service infrastructure. Ten thousand proves product-market fit. One hundred thousand proves operational mastery. ## The 15-Year Arc The company was founded in 2009 — ancient history by Chinese tech standards. That year, Alibaba's Taobao was still fighting eBay. WeChat didn't exist. The term "new energy vehicles" barely registered. The early years were spent in literal毛坯房: unfinished concrete spaces in industrial zones, the kind of startup offices where winter means seeing your breath and summer
Keenon's New Embodied Intelligence Opportunity
云启资本·Chinese Investors Who Got to Mexico First | Dark Tide Goes Global
There will always be more people rushing in to take their place.
暗涌Waves·Exclusive | Actually, DST Bought Xiaohongshu Secondary Shares
Mega funds still making deals.
暗涌Waves·The Making of a Restructuring S Deal
New Alliance has partnered with SBCVC.
暗涌Waves·Standing Firm in European Venture Capital Amid the Sound of Gunfire
This is more than a gold rush — it's a shift in the underlying logic of the global venture capital story.
暗涌Waves·The Gambler's Mirage in a Downturn: When a Fund Goes All-In on a Single Company
In the investment industry, it's as ubiquitous as air. When markets plunge, it also faces the greatest risk.
暗涌Waves·3 Biopharma Companies Raise Over 1 Billion Yuan Combined | FreeS Family Funding News · October–November
Firmly bullish on the development of biomedical innovation in China
峰瑞资本·Rongbao · November | New milestones for drug R&D, chips, and autonomous driving; UJU Media lists on Hong Kong Stock Exchange Main Board
New funding, new products, new applications.
高榕创投·December, Everything Within Reach | 5Y News Monthly
The big news from last month.
五源资本·5Y News | Abogen Biosciences Completes $300 Million Series C+ Round
Contribute to the innovation-driven development of the biopharmaceutical industry.
五源资本·5Y News | R&D Management Tool ONES Closes Series C Funding, Raising Nearly $100 Million Across Three Rounds in Six Months
A R&D management system that meets the needs of Chinese tech companies.
五源资本·Biotech Firms Raise Nearly 4 Billion Yuan, Consumer Companies Land Over 1.4 Billion | FreeS Family Funding Roundup · August
We've also released three short videos this week — follow us to check them out.
峰瑞资本·5Y News | ONES, a R&D management tool, closes RMB 300 million funding round, extending its lead in the R&D management赛道 Wait, let me correct that last part properly: 5Y News | ONES, a R&D management tool, closes RMB 300 million funding round, extending its lead in the dev tools赛道 Actually, let me reconsider — "赛道" is used naturally in English VC coverage now, but let me check if this flows better: 5Y News | ONES, a R&D management tool, closes RMB 300 million funding round, extending its lead in the R&D management space
Comprehensively elevate the digital management capabilities of enterprises.
五源资本·Rongbao · May | Pinduoduo Enters the Era of 800 Million Users, Waterdrop Inc. Debuts on the NYSE
Meeting the needs of China's vast user base for a better life.
高榕创投·Dingdong Maicai Completes $1.03 Billion in Series D and D+ Funding Rounds
Make good ingredients as accessible as tap water — within everyone's reach, for the benefit of all.
高榕创投·5Y News|Keep Closes $360 Million Series F Round, 5Y Capital Continues Backing
Exercise is just a Keep moment.
五源资本·Chen Yaochang: World Factory + Social Media + Talent — More and More Global Brands Will Emerge from China | Ronghui
Over the next five years, we're bound to see more and more international consumer brands emerging from China.
高榕创投·Morningside-backed LifeTech Scientific raises over RMB 1.2 billion in new funding round | Light Moments
China's new drug R&D is undergoing a "Cambrian explosion." The industry's underlying infrastructure for pharmaceutical innovation is one of the core sectors we're tracking in healthcare.
五源资本·Nuro Nears $1 Billion Investment from SoftBank to Reshape Logistics with Autonomous Delivery
Committed to creating a future where any good can be delivered quickly at the most economical price.
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