戴盟机器人获中国移动亿元级投资。 受访者供图 具身智能核心零部件赛道的资本热度仍在持续攀升。12月2日，南都记者从戴盟(深圳)机器人科技有限 公司(以下简称"戴盟机器人")获悉，公司近日已完成新一轮亿元级战略融资，投资方为中国移动链长基 金。 截至目前累计完成四轮融资 完成多元资本生态闭环 值得注意的是，这是戴盟机器人继今年8月获得招商局创投领投后，在短短3个月内完成的第二笔亿元级 融资。截至目前，公司已累计完成四轮融资，投资方囊括了联想创投、招商局创投、金鼎资本及中国移 动链长基金。这也意味着戴盟机器人正式完成了"国有资本+市场化VC+产业巨头"的多元资本生态闭 环。 据公司方面透露，本轮资金将主要用于视触觉技术的持续突破、产品研发量产、VTLA(视觉-触觉-语言- 行动)模型建设、团队扩建及全球市场开拓。 此次中国移动的入局，被视为产业资本在具身智能"数据侧"布局的重要信号。中国移动链长基金作为中 国移动发起的产业链发展基金，长期锚定"AI+"及战略性新兴产业。 戴盟机器人团队经八年研发 首创"单色光视触觉"技术路线 在资本高频加注的背后，是戴盟机器人在触觉感知这一"卡脖子"技术上的差异化突破。作为具身智 ...

Core Insights - The 2025 World IoT 500 Summit was held in Beijing, revealing that China has the highest number of companies on the list, followed by the United States. Huawei retains the top position, with Microsoft, China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Corporation, Schneider Electric, Bosch, China Telecom, Haier, China Mobile, and Roscosmos rounding out the top ten. Notably, companies like Origin Quantum, Starlink IoT, and DeepSeek made their debut on the list [1][3][10]. Summary by Category Overall Rankings - The 2025 World IoT 500 list includes Huawei at the top, followed by Microsoft, China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Corporation, Schneider Electric, Bosch, China Telecom, Haier, China Mobile, and Roscosmos [3][5][11]. Digital Economy - The global digital economy surpassed $40 trillion this year, with an increase of nearly 8%. The GDP of the top 500 companies amounts to $25 trillion, making them a significant driver of global digital economic growth, with IoT-supported digital economy accounting for over half [2][11]. New Entrants - High-tech and AI companies such as Origin Quantum, Starlink IoT, and DeepSeek have entered the rankings for the first time, indicating a growing recognition of advanced technology firms in the IoT space [1][12].

当下具身智能领域正处在关键爆发期，而触觉感知让机器人真正具备理解环境、完成复杂交互任务的能 力。 戴盟机器人创始团队来自香港科技大学，凭借全球首创的单色光视触觉感知技术，实现高精度触觉感 知，持续提升机器人灵巧操作能力。公司通过独创的单色光视触觉感知技术，研发出全球首款多维高分 辨率高频率视触觉传感器DM-Tac，其每平方厘米覆盖4万个感知单元，密度远超人类手指感知能力，获 取形貌、纹理、软硬、滑移、压力等高分辨率多模态触觉信息的同时，以毫米级超薄设计通过500万次 按压测试的耐久性验证，具备结构精简、抗干扰性强、响应灵敏等显著优势。 继今年8月获招商局创投领投后，近日戴盟机器人宣布完成新一轮亿元级战略融资，由中国移动 （600941）链长基金投资。据介绍，本次融资将加速企业在前沿技术突破、新品研发及量产、VTLA模 型建设、团队扩建及全球市场开拓方面的布局，进一步巩固戴盟机器人在具身智能触觉感知及灵巧操作 领域的全球领先地位。 截至目前，戴盟机器人已连续完成四轮融资，累计金额达数亿元，持续刷新触觉传感领域天使轮融资纪 录，公司形成"国有资本+市场资本+产业资本"的多元支撑生态，为企业在技术研发、商业化落地及 ...

Core Viewpoint - Goldman Sachs believes that despite the weak revenue growth in traditional telecommunications, Chinese telecom companies can drive consumption by offering more value-added services, particularly in areas such as data centers, computing power, and AI solutions, positioning them as major beneficiaries of AI development [1] Group 1: Financial Metrics and Performance - Goldman Sachs analyzed ten key indicators including capital expenditure, dividends, user numbers, cash cycle, free cash flow margin, average revenue per user (ARPU), EBITDA margin, new business synergies, internet data center performance, and valuation [1] - The report indicates that capital expenditure budgets of major telecom companies are shifting towards computing infrastructure to capitalize on the growing demand for AI in China [1] Group 2: Investment Outlook - Goldman Sachs maintains a "Buy" rating for China Mobile (00941), China Unicom (00762), and China Telecom (00728), expecting an increase in the contribution from new businesses and a steady rise in dividend payout ratios, which will provide ongoing returns for investors [1]

Core Viewpoint - Goldman Sachs' research report indicates that despite weak revenue growth in traditional telecommunications, Chinese telecom companies can leverage value-added services to drive consumption, with new business areas such as data centers, computing power, and AI solutions becoming major beneficiaries of AI development [1] Group 1: Financial Metrics - The report examines ten key indicators including capital expenditure, dividends, user numbers, cash conversion cycles, free cash flow margins, average revenue per user (ARPU), EBITDA margins, new business synergies, internet data center performance, and valuations [1] - It is expected that the capital expenditure budgets of China Mobile, China Unicom, and China Telecom are shifting towards investments in computing infrastructure to capitalize on the growing demand for AI in China [1] Group 2: Investment Outlook - Goldman Sachs maintains a "Buy" rating on China Mobile, China Unicom, and China Telecom, anticipating an increase in the contribution from new businesses and a steady rise in dividend payout ratios, which will continue to provide returns for investors [1]

具身智能核心零部件赛道的资本热度仍在持续攀升。12月2日，南都湾财社记者从戴盟（深圳）机器人 科技有限公司（以下简称"戴盟机器人"）获悉，公司近日已完成新一轮亿元级战略融资，投资方为中国 移动链长基金。 技术壁垒直接转化为市场优势。记者了解到，自2025年4月发布旗舰产品以来，戴盟机器人的视触觉传 感器出货量已位居同类产品全球第一，并成功打入智能制造、智慧物流及实验室自动化等高壁垒场景。 仅半年后的11月，公司便推出了新一代产品矩阵，进一步提升了产品的泛化适应能力。 放眼全球，具身智能行业正处于从"能动"向"能干活"进化的关键拐点。行业普遍共识是，没有高精度的 触觉感知，机器人就无法真正理解物理环境并完成精细任务。随着特斯拉Optimus等标杆产品的快速迭 代，能够赋予机器人"手感"的触觉传感器市场需求呈现井喷之势。戴盟机器人此轮融资的完成，不仅补 充了扩大产能所需的"弹药"，更通过引入运营商资源，为下一步构建基于触觉数据的VTLA大模型、抢 占具身智能数据高地奠定了基础。 值得注意的是，这是戴盟机器人继今年8月获得招商局创投领投后，在短短3个月内完成的第二笔亿元级 融资。截至目前，公司已累计完成四轮融资，投 ...

Core Insights - The China Academy of Information and Communications Technology reported the economic operation of the telecommunications industry for the first ten months of 2025, highlighting significant growth in broadband access and user numbers [1] Group 1: Broadband Access Growth - As of the end of October, the total number of internet broadband access ports in China reached 1.243 billion, representing a net increase of 40.89 million compared to the end of the previous year [1] - The total number of fixed internet broadband access users among the three major telecom operators (China Mobile, China Unicom, and China Telecom) reached 697 million, with a net increase of 27.01 million users since the end of last year [1] Group 2: High-Speed Internet Adoption - The number of fixed internet broadband access users with speeds of 100 Mbps and above reached 663 million, accounting for 95.1% of the total user base [1] - Users with access speeds of 1000 Mbps and above reached 238 million, marking a net increase of 31.13 million users, which is a historical high [2] - The proportion of users with gigabit access (1000 Mbps and above) expanded to 34.1%, an increase of 3.3 percentage points compared to the end of the previous year [2]

Core Viewpoint - The report highlights significant growth in China's mobile communication base station equipment production, indicating a robust market trend in the telecommunications industry from 2025 to 2031 [1]. Industry Summary - In September 2025, the production of mobile communication base station equipment reached 559,000 RF modules, representing a year-on-year increase of 76.9% [1]. - From January to September 2025, the cumulative production of mobile communication base station equipment totaled 3.758 million RF modules, showing a cumulative growth of 10.9% [1]. Company Summary - Listed companies in the telecommunications sector include ZTE Corporation (000063), Datang Telecom (600198), Xinke Mobile (688387), FiberHome Technologies (600498), Shenglu Communication (002446), *ST Rihai (002313), and Chaoxun Communication (603322) [1]. - The report is published by Zhiyan Consulting, a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive consulting services for investment decisions [1].

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The US stock market saw declines across major indices, with the Dow Jones falling by 427.09 points or 0.90% [2] - Southbound funds maintained a net inflow of 121.9 billion HKD in November, indicating continued interest in Hong Kong stocks [3] Sector Performance - The materials sector, particularly non-ferrous metals, led the gains in the Hong Kong market, with notable increases in stock prices for companies like Sunny Optical Technology, which rose by 6.2%, and Zijin Mining, which increased by 5.3% [1][5] - In the US market, technology stocks faced profit-taking pressure, particularly in AI-related stocks, contributing to the overall market decline [2] Investment Opportunities - The report emphasizes the importance of technological self-reliance as a core theme for future performance in the Hong Kong market, suggesting that leading companies in AI, semiconductors, and industrial software may present long-term growth opportunities [3] - Specific recommendations include focusing on sectors with lower valuations and higher dividends, as well as companies benefiting from anticipated Federal Reserve interest rate cuts [3] Company Highlights - XPeng Motors reported a 19% year-on-year increase in vehicle deliveries for November, totaling 36,728 units, and a cumulative delivery of 391,937 units for the year, reflecting a 156% increase [9] - Alibaba, ZTE, and Meituan were among the top net purchases by southbound funds, indicating strong investor interest in these companies [9] Stock Performance - The Hang Seng Index and its sub-indices showed varied performance over the past month, with the Hang Seng Technology Index up by 0.8% [16] - Notable stock performances include Tencent Holdings, which saw a 1.3% increase, and Alibaba, which rose by 2.2% [16]

Core Insights - The company "Daimeng Robotics" has recently completed a strategic round of financing, marking its second round of funding within three months, with a total financing amount reaching hundreds of millions [1] - The company focuses on embodied intelligence technology innovation, specializing in tactile perception and dexterous manipulation [1][2] Financing Information - Financing Round: Strategic round, marking the fourth round of financing for Daimeng, with a cumulative amount reaching several hundred million, setting a record in the tactile sensing field for angel round financing [1] - Financing Scale: Hundreds of millions [1] - Investors: China Mobile Chain Long Fund [1] - Use of Funds: The financing will accelerate the company's layout in cutting-edge technology breakthroughs, new product development and mass production, VTLA model construction, team expansion, and global market exploration [1] Company Background - Establishment: Officially operational since August 2023 [1] - Location: Shenzhen, Guangdong Province [1] - Team Background: Founded by Professor Wang Yu and Dr. Duan Jianghua from the Hong Kong University of Science and Technology, with core team members from top global universities and research institutions [1] Technological Highlights - The company aims to overcome industry bottlenecks such as low precision, single-dimensionality, and insufficient durability in robotic tactile perception [2] - Developed the world's first multi-dimensional high-resolution tactile sensor DM-Tac, featuring 40,000 sensing units per square centimeter, significantly surpassing human tactile capabilities [2] Market Potential - The global tactile sensor market is projected to reach $15.33 billion in 2024 and grow to $35.59 billion by 2031, with a compound annual growth rate (CAGR) of 12.8% [4] - The market for visual tactile sensors is expected to reach 18 billion when humanoid robot production reaches 1 million units [4] Product Matrix - Daimeng Robotics has established a complete product system covering "perception-operation-learning," including high-resolution tactile sensors, tactile end-effectors, remote operation data collection systems, and humanoid robots [5] - The company has released a flagship series of visual tactile sensors, achieving the highest shipment volume globally among similar products [8] Strategic Partnerships - China Mobile Chain Long Fund, initiated by China Mobile, aligns its investment strategy with national strategic guidance and development plans [9] - Daimeng Robotics is expected to deepen strategic collaboration with China Mobile, particularly in data collection, leveraging advanced VTLA models to maximize data value and enhance robotic intelligence [9]