以下文章来源于科技新知 ，作者新知-前沿科技组 科技新知 . 读懂硬科技，尝鲜新硬件；把脉产业互联网，关注智能新基建。专注于AI、大模型、云计算、互联 网、智能硬件、企业服务、新能源与车、新质生产力等科技内容领域。高频更新、常有爆款和权威平台 弹窗推送。交流联系VX：zlei036 大厂们渴望通过具身智能实现补课、超车和押注未来。 作者丨 樱木 编辑丨 江蓠 来源丨 科技新知 2025年，此前分歧最大的具身智能赛道，最近却异常火爆。 近日，具身智能融资不断加速，就在7月8日，美团领投的它石智航，拿下了1.22亿美元融资。 而更进一步来看，仅7月7日至9日三天，星海图、星动纪元、云深处、它石智航等四家企业累计融资 超25亿元。若将时间范围扩大至6月，银河通用（6月23日获宁德时代领投的11亿元融资）、宇树科 将投中网设为"星标⭐"，第一时间收获最新推送 技（6月19日完成C轮融资，估值超100亿元）等企业同样表现亮眼。IT桔子数据显示，2025年前5 个月，具身智能领域投资事件达114起，融资额232亿元，均已超过2024年全年总和。 而从投资方来看，大厂与产业资本成了这一轮的主力，美团、宁德时代、腾讯、阿里等 ...

作者丨 长风 来源丨 东四十条资本 大家好，我是长风。今天给大家带来上周资本市场的专业投研信息。 焦点回顾： 硬科技赛道 ，新材料受热捧。 上周，毅达资本完成对云荒新材数千万元Pre-A轮投资。此外，荣烯 新材完成A轮数千万元股权融资，获紫金港资本、浙江高质量产业引导基金等支持。 将投中网设为"星标⭐"，第一时间收获最新推送 速览投资风口，掌握资本律动。 近日，北京闪梭汽车服务有限公司（简称：闪梭汽车）宣布完成2000万元人民币Pre-A轮融资。本 轮融资由产业资本与新消费基金共同参与。 大健康赛道，细胞治疗与器械创新成主流。 上周，细胞治疗企业拓新天成宣布完成近 4000万美元 B 轮融资。本轮融资由国投招商领投，某知名险资和荷塘创投跟投，并获得兴业国信资管、福州闽 都人才基金等机构的鼎力支持。此外，南方元生物、曦健科技等器械企业聚焦细分场景，早期项目融 资活跃。 互联网赛道，AI Agent商业化进程加速。 上周， 智能算力系统软件服务商-清程极智顺利完成过亿 元最新融资，距离上一轮过亿元融资不到半年。本轮由某知名产业方领投，上海市属国有创投平台、 联想创投、并行科技、奇绩创坛等知名产业投资机构跟投。此外 ...

将投中网设为"星标⭐"，第一时间收获最新推送 争夺人形机器人的敲钟时刻。 作者丨 刘燕秋 编辑 丨 张楠 来源丨 投中网 宇树上科创板的传闻终于落地。 轰轰烈烈的具身智能热潮中，宇树无疑是第一梯队里的明珠。我了解到的信息是，宇树估值在120亿左右，此前一波老股交易 估值会更高，而目前估值最高的一家是智元机器人，为150亿元。事实上，王兴兴和稚晖君，两位最火的90后创始人，正在争 夺人形机器人的敲钟时刻。 从我在投资人处了解到的信息来看，他们大概将一级市场的具身智能公司按估值分为三个梯队：智元、宇树、银河通用为第一 梯队，估值百亿左右；第二梯队星海图等，估值50亿；剩余热门公司估值大概二三十亿的区间。 估值虽然有差别，不过这些公司基本"都不烧钱"，同样手握大量现金，比如智元就准备控股一家上市公司，但公告是发出来 了，涨停板也拉了不少，如何装入资产等下一步动作还有待观望。上周也有消息称，智元在拟收购上纬新材的同时，公司赴港 上市目标不变。不过智元回应称，消息不属实，公司暂无明确赴港IPO计划。另外，银河通用也传出IPO的消息，在跟投资人 讲上市，不过对方否认了这一消息。总之，三家估值百亿级别的具身智能独角兽，甭管 ...

Core Viewpoint - Hong Kong has successfully attracted over 160 billion HKD (approximately 145.8 billion RMB) in foreign direct investment from more than 1,300 companies between 2023 and mid-2025, significantly outperforming other Asian countries in the same period [4]. Group 1: Investment Attraction - The Hong Kong Investment Promotion Agency reported that nearly half of the new businesses are from mainland China, with the top five industries being financial services and fintech, innovation and technology, family offices, tourism and hospitality, and business and professional services [4][5]. - The performance indicators set in the 2022 Policy Address have been exceeded, with the target of attracting at least 1,130 companies and 770 million HKD in direct investment already surpassed [4]. Group 2: Corporate Expansion - Notable companies such as CATL and various tech firms are establishing operations in Hong Kong, indicating a trend of mainland companies using Hong Kong as a base for global market expansion [7][8]. - In 2024, over 500 companies are expected to enter Hong Kong, with a significant number being mainland enterprises [8]. Group 3: Advantages of Hong Kong - Hong Kong's financial infrastructure, flexible listing rules, low tax rates, and developed logistics systems make it an attractive destination for both mainland and international companies [10]. - The city serves as a bridge for mainland companies to enter international markets and for foreign companies to access the mainland market, leveraging its familiarity with international regulations and talent [10]. Group 4: Innovation and Technology - Companies like Baidu and Li Auto are investing significantly in Hong Kong, with plans to establish AI and chip R&D centers, further solidifying Hong Kong's role as a tech hub [14][15]. - The establishment of funds such as the 10 billion HKD "Innovation and Technology Industry Fund" aims to attract investments in strategic emerging industries, enhancing the local innovation ecosystem [15].

Core Viewpoint - The article discusses the current state and future of the intelligent connected vehicle industry, highlighting the evolution of smart vehicles and the complexities of the industry, including technological advancements, regulatory challenges, and investment opportunities [2][3][4]. Group 1: Industry Evolution - The intelligent connected vehicle industry has evolved from basic concepts in the late 20th century to the current reality of vehicles equipped with L2-level assisted driving capabilities [2]. - The establishment of the "Vehicle Alliance" in 2013 marked a significant step in promoting the concept of intelligent connected vehicles in China [2]. - The industry has transformed personal vehicles into interactive smart terminals, integrating with infrastructure and cloud services [2][3]. Group 2: Industry Challenges - The intelligent connected vehicle industry is complex, with a long supply chain and varying technological directions among companies, making consensus difficult [3]. - Key challenges include data requirements for autonomous driving, regulatory frameworks, and the need for improved infrastructure to support higher levels of automation [9][10][13]. - The transition to L5-level autonomous driving is hindered by the need for vehicle-road collaboration and the maturity of technology solutions [10][13]. Group 3: Investment and Innovation - The "Intelligent Connected Industry Innovation and Investment Salon" gathered industry leaders to discuss trends, challenges, and investment opportunities in the sector [4][7]. - Investment firms are focusing on various aspects of the intelligent connected vehicle ecosystem, from sensor components to complete vehicle applications [9][10][26]. - Companies like Taga Zhixing have successfully commercialized L4-level autonomous driving in closed environments, demonstrating the potential for economic benefits in specific applications [11][12]. Group 4: Future Directions - The integration of vehicle, road, and cloud systems is seen as a critical future direction for the industry, with significant investments being made to develop these capabilities [15][19]. - The development of smart cockpits is also highlighted as a key area for enhancing user experience, although it faces challenges related to standardization and consumer acceptance [24][25]. - The article emphasizes the need for collaboration among policymakers, businesses, and investors to drive the industry from concept to reality, ultimately reshaping societal operations [30].

Core Viewpoint - The article discusses the rapid rise of AI-driven companies and the lucrative opportunities for entrepreneurs in the AI sector, exemplified by the acquisition of Base44 by Wix, highlighting the significant financial rewards and market dynamics in the AI landscape [4][5][9]. Group 1: AI Talent and Market Dynamics - Top AI talents are currently receiving substantial compensation, with Meta hiring four leading AI experts from OpenAI for $100 million each, breaking industry salary ceilings [5]. - The AI sector is characterized by a small number of elite talents, while continuous entrepreneurs are emerging as significant beneficiaries of this market [6][9]. Group 2: Base44 Case Study - Base44, founded by Maor Shlomo, is a no-code application development platform that gained rapid traction, achieving 250,000 users within six months and generating $189,000 in profit by May [11][14][15]. - The company was acquired by Wix for approximately $80 million, with the potential for additional payments based on performance metrics [8][9]. - Shlomo's journey reflects a broader trend among Israeli entrepreneurs who often sell companies at early stages, focusing on innovation and market validation rather than long-term management [19][20]. Group 3: Acquisition Trends in AI - The article notes over 50 acquisitions in the generative AI space this year, with a projected total of 384 AI-related mergers and acquisitions globally in 2024 [24]. - Established companies are increasingly using acquisitions to enhance their technological capabilities, as seen with Wix's strategy to integrate AI tools into its offerings [25][30]. Group 4: Wix's Strategic Moves - Wix, a publicly traded company with over 2.88 million registered users and annual revenue exceeding $1 billion, is actively acquiring AI companies to bolster its product suite [28][29]. - The acquisition of Base44 is part of Wix's broader strategy to innovate online creation tools and reduce reliance on third-party solutions [31][32].

Core Viewpoint - The article discusses the rise of AI companionship applications, particularly focusing on Tolan, which stands out in a market filled with products that often cater to superficial needs. It emphasizes the importance of genuine emotional connections and the potential of technology to enhance human relationships rather than replace them [2][4]. Company Overview - Tolan, developed by Portola, has raised $30 million (approximately 215 million RMB) in funding within six months, led by notable figures from the tech industry [3][9]. - The product has achieved over 5 million downloads globally and has more than 100,000 paying users, with an annual recurring revenue (ARR) exceeding $1 million [3][9]. Product Features - Tolan is designed as an "artificial intelligence friend" with unique personality traits, allowing users to customize their experience [6][7]. - The application includes memory functionality, enabling it to remember user preferences and adjust interactions accordingly, enhancing user engagement through multi-modal communication [7][8]. - Tolan incorporates a light gamification system that fosters a sense of connection and progress between the user and the AI [7][8]. Market Positioning - Tolan differentiates itself from competitors by focusing on real emotional needs rather than creating a perfect digital companion. It aims to facilitate real-world connections rather than immersing users in a virtual environment [11][12]. - The design philosophy of Tolan intentionally avoids creating a human-like character, which helps users feel more comfortable sharing their thoughts and emotions [12][13]. User Engagement - The application encourages users to engage with their real-life relationships by limiting daily chat time and providing reminders to connect with friends and family [15]. - Tolan's approach is to help users feel seen and understood, addressing the fundamental human desire for connection and emotional support [15].

Core Viewpoint - The article highlights the launch of the "Pudong Sci-Tech - Haiwang Summit (Phase II) CEO Training Camp," aimed at empowering early-stage tech entrepreneurs to transition from "founders" to "entrepreneurs" through comprehensive training and resource support [2][3][5]. Group 1: Training Camp Objectives and Structure - The training camp focuses on four key dimensions: enterprise management, capital operation, market expansion, and organizational capability building, utilizing diverse methods such as course training, enterprise visits, and closed-door exchanges [3]. - The Pudong Sci-Tech Group emphasizes high standards in selecting participants, prioritizing projects with strategic value in key technologies and core processes, and fostering a long-term vision among entrepreneurs [5][7]. Group 2: Support and Resources - The Pudong Sci-Tech Group aims to provide integrated services encompassing capital, policy, and industry connections to help entrepreneurs navigate uncertainties and achieve efficient growth [5]. - The training camp has received strong support from various local government departments, which enhances its credibility and resource availability for participants [7][9]. Group 3: Policy Framework for Young Entrepreneurs - The article outlines three core policies introduced by the Pudong District Talent Bureau: "Pudong Youth Innovation 15 Articles," "Pearl Plan," and "Pearl Cup Entrepreneurship Competition," designed to support young tech entrepreneurs under 35 [13]. - These initiatives focus on providing funding support, housing guarantees, and project implementation resources, creating a comprehensive support system from startup to growth stages [13]. Group 4: Future Aspirations - The training camp aims to cultivate competitive sci-tech enterprises and attract high-level innovative talent to Pudong, contributing to the region's entrepreneurial ecosystem [7][9]. - The event symbolizes a commitment to innovation and mission-driven leadership, encouraging participants to pursue excellence and contribute to China's technological self-reliance [15].

Core Viewpoint - The article highlights the recent developments in the LP market, focusing on the establishment of new funds and partnerships aimed at promoting investment in emerging industries, particularly in technology and innovation sectors [4][12][19]. Fund Establishments - China Chengtong has partnered with Jiangsu Province to establish a new fund with a total scale of 10 billion yuan, focusing on new materials and emerging industries [4][12]. - The Jiangsu Province government and China Chengtong signed a framework cooperation agreement to promote the establishment of the Chengtong Science and Technology Innovation (Jiangsu) Fund, which will primarily invest in new materials and other emerging industries [4][12]. - The Yunnan Province Advanced Manufacturing Equity Investment Mother Fund has completed registration with a scale of 5.008 billion yuan, focusing on private equity investment and asset management [18]. Fundraising Activities - Zhongke Chuangxing announced the completion of its first closing with a scale of 2.617 billion yuan, focusing on hard technology projects in AI and other fields [8]. - Changshi Capital completed a fundraising of 728 million yuan for its hard technology fund, with notable LPs including several listed companies [9][10]. - The Anhui Guokong Future Materials Equity Investment Fund has completed registration with a total scale of 1 billion yuan, focusing on advanced materials and strategic new materials [22]. GP Recruitment - Jiangsu Province is seeking GP for its 2 billion yuan Marine Economy Equity Investment Fund, aimed at promoting strategic emerging industries [26]. - The Ma'anshan Intelligent Innovation Equity Investment Fund is publicly soliciting sub-fund management institutions, with a total scale of 1 billion yuan [27][28].

将投中网设为"星标⭐"，第一时间收获最新推送 一场盛大的"财富盛宴"，投资者们都已迫不及待了。 作者丨 鲁智高 来源丨 投中网 从当下的时点来看，很难说两家公司的估值高了或低了。不少投资者都难以想到，具身智能领域和人形机器人赛道在短时间内 能够火到如此夸张的程度。 尽管智元机器人已否认"借壳上市"的传闻，但上纬新材连续录得 8 个涨停板，让人深刻感受到资本市场的狂热情绪。随着宇 树科技正式踏上 IPO 之路，对于这场以"具身智能第一股"为名的"财富盛宴"，投资者早已充满无限期待。 90 后带队，具身智能"爆"了 在火热的具身智能领域和人形机器人赛道，同为 90 后创业者的宇树科技王兴兴和智元机器人彭志辉备受瞩目。 时间回到 1990 年，王兴兴在浙江宁波出生，从小便对机械设计充满兴趣。三年后，在相距不到 1000 公里的江西吉安，彭 志辉来到这个世界，并在小时候与朋友玩电子游戏时更关心背后的运行原理。 日子就这样一步步向前，一转眼王兴兴便已经 19 岁，并来到浙江理工大学读书。刚进入大学，他便迷上了机器人制造，大一 就独自做出一个双足人形机器人。由于偏科严重，被英语拖后腿的他落榜浙江大学，并被调剂到上海大学读 ...