company_anatomy
Published 2026-07-21 · Updated 2026-08-16 The Last Mile of the SPAC Boom By Ken ZHANG (Maze Intelligence) If the robotics hype cycle of the early 2020s was defined by the promise of a general-purpose butler in every home, the coming era will be defined by the
Published 2026-07-20 · Updated 2026-08-17 WAIC 2026 is over. If you walked the floors of Shanghai in mid-July, you saw it: over 1,100 exhibitors total, with embodied intelligence as the organizing theme, and nearly 60 humanoid robots deployed at scale to provide real-world services
Published 2026-07-17 · Updated 2026-08-17 Last week I mapped the embodied-data collection industry: roughly 97 active players — with ~70 focused specifically on data collection — that pulled in 4.47B yuan (~$620M) in about a year (QbitAI, July 2026). The entire industry is optimizing for one metric:
Published 2026-07-16 · Updated 2026-08-18 When a single humanoid company's financing hits $200 million, the story stops being about that company. It becomes a story about the structure of the market. LimX Dynamics closed a Pre-IPO round in mid-July at 15 billion RMB
Published 2026-07-14 · Updated 2026-08-17 China's robotics companies raised $5.6 billion across 176 deals — but note the fine print: that figure is through mid-May 2026, not the full first half (Crunchbase data, reported May 20). It still matches the full-year record from
Published 2026-07-13 · Updated 2026-08-16 The humanoid headline is always the same two names: Unitree and Agibot, shipping thousands of units, raising the largest rounds, getting the press. The story underneath is less reported. I spent the last few weeks going through every humanoid company's
Published 2026-07-10 · Updated 2026-08-18 Last week I admitted I didn't have a defensible funding number. This week I went and got one — not from an AI-generated valuation table, but from primary sources: a STAR Market prospectus, a Hong Kong exchange filing, and a
Published 2026-07-09 · Updated 2026-08-18 Robotics has a humanoid problem — but probably not the one you've read about. The headline version is that humanoids are overhyped. The actual version, once you stop reading press releases and start counting products, is weirder: the humanoid story is,