# Robot Maker Xingchen Intelligent (Astribot) Raises RMB 1 Billion at RMB 15 Billion Valuation, Report Says

Times of AI Desk · 2026-10-13 · Industry

[https://timesof.ai/2026/10/xingchen-intelligent-astribot-rmb-1b-150b-valuation](https://timesof.ai/2026/10/xingchen-intelligent-astribot-rmb-1b-150b-valuation)

> Shenzhen's Xingchen Intelligent (Astribot) has announced a RMB 1 billion round at a RMB 15 billion valuation, led by Shenzhen Investment Holdings' Toukong Donghai, according to a report published by 21st Century Business Herald on Oct. 13. The report says it is the company's fourth round in about six months. Xingchen says it mass-produces rope-driven robots, including a T1 humanoid priced from RMB 89,900.

Shenzhen robot maker **Xingchen Intelligent (Astribot)** has announced a new **RMB 1 billion** financing round at a **RMB 15 billion** valuation, according to a report by Investment Jie (投资界) published by **21st Century Business Herald** on Tuesday, October 13. The report says it is the company's fourth round in about six months, three months after a Series B of more than RMB 1 billion.

## Who invested

The round was led by **Toukong Donghai** (Shenzhen Investment Holdings), with Hongtai Fund, the Ninghai Xingtaihe Fund managed by Guanghua Sunshine, and Shanheng Capital participating; existing shareholder Xianmu invested again, the report says. It describes the backers as a mix of state-linked and financial investors.

## What the company claims

- **Rope-driven robots:** Xingchen says it is the first company in the world to commercially mass-produce rope-driven (tendon-driven) AI robots, the report says.
- **Products:** its T1 humanoid began shipping in June 2026 at a starting price of RMB 89,900; the S-series flagship opened thousand-unit orders in September 2025. Combined S and T capacity has reached the 10,000-unit level, according to the report.
- **Models:** it released Lumo-2, which it describes as a world-action model for home settings, in July, and an online reinforcement-learning framework, SmoothRL, in September.

Founder and CEO **Lai Jie** was previously the first employee and an architect at Tencent's Robotics X lab, the report says.

## Limits

- All figures come from one Chinese-language report; we have not seen a company filing or second outlet.
- Production, capacity and "world first" claims are the company's, as reported.
- We give RMB figures only; outlets' dollar conversions vary.

## Sources

- [21st Century Business Herald / Investment Jie: 星尘智能完成10亿元新融资，深圳150亿具身独角兽诞生 (October 13, 2026)](https://www.21jingji.com/article/20261013/herald/d1f463f6a5a59bad44903dbf3bdef4d7.html)