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Weekly Overview（20/09-26/09） 1.Direct Drive Tech（本末科技） Opens Hong Kong IPO Subscription, Set to Become the World’s First Listed Direct-Drive Company 2.Moonshot AI（月之暗面）’s Kimi K3 Launches on Amazon Bedrock, Becoming the First Chinese Large AI Model on a Leading Global Cloud Platform 3.Baidu（百度）’s Overseas Kuku AI（库库AI） Product Kooko Surpasses 10 Million Users Across Nearly 200 Countries and Regions 4.DeepSeek（深度求索） and Moonshot AI（月之暗面） Invited to Address AI Risks at UN Security Council...

Technology, AI, Mobility Updated 9 mins ago (GMT+8)  X  X  Amid fast-paced changes that fill the business community with excitement, angst and trepidation, EqualOcean will publish a series of roundup articles to document the major events related to Chinese companies going global every week.

Weekly Overview (23/08-29/08) 1.SHEIN（希音）launches its Hong Kong global offering, targeting approximately HKD 13.1 billion in net proceeds. 2.XPENG Robotics（小鹏机器人）raises more than USD 900 million in its first financing round, reaching a post-money valuation of over USD 6.3 billion. 3.Moonshot AI（月之暗面）is in talks with Microsoft（微软）, Amazon（亚马逊）and Google（谷歌）to host Kimi K3, seeking up to 30% of cloud-service revenue.

Weekly Overview (16/08-22/08) 1.Unitree Robotics（宇树科技）lists on the STAR Market in a landmark humanoid-robot IPO 2.ByteDance（字节跳动）draws more than USD 30 billion of interest for a proposed USD 20 billion syndicated loan 3.Chery Automobile（奇瑞汽车）reports H1 overseas revenue of CNY 98.97 billion, up 51% year on year 4.Baidu（百度）makes Apollo Go（萝卜快跑）driverless rides bookable through Uber（优步）in Dubai 5.Pony.ai（小马智行）reports a 691% rise in Q2 Robotaxi revenue and an overseas deployment pipeline...

The scope covers more than 60 offshore facilities and 40 subsea pipelines and cables, alongside modifications to operating platforms and the removal of obsolete installations. More than 130,000 tonnes of steel will be processed. COOEC’s responsibilities extend from engineering and procurement through fabrication, transportation, offshore installation and commissioning, placing the company in charge of coordinating delivery across the project’s major stages.

The network links four locations: West Bund Dream Center, the Xuhui Riverside public open space, the Nebula One building at the Model Space AI hub, and the plaza outside McDonald’s Longteng Avenue restaurant. Nearly 20 restaurant and beverage chains initially offered hundreds of items, with participating brands expected to exceed 40 by year-end, according to Meituan. The company advertises delivery in as little as 10 minutes.

Participants included Hefei and Nanshan government-backed investment platforms, Cathay Capital（凯辉基金）and GF Xinde（广发信德）. Existing investors including GL Ventures（高瓴创投）, 5Y Capital（五源资本）, Linear Capital（线性资本）, Vertex Growth and Prosperity7 also participated. Following US$270 million raised through two Series B rounds earlier this year, the latest financing brings D-Robotics’ disclosed 2026 fundraising to US$670 million and its total announced funding to US$770 million.

Participants included Chinese financial institutions and industrial investors, among them Neusoft（东软集团）, Highpower Technology（豪鹏科技）and Riying Electronics（日盈电子）. The combination brings an overseas investor into a shareholder group that also includes companies with software, electronics and manufacturing capabilities.

Embodied AI Updated 7 mins ago (GMT+8)  X  EqualOcean learned on September 21 that ForgeAI（方奇科技）, a developer of general-purpose brains for embodied AI, recently completed an eight-figure angel funding round backed by TusStar（启迪之星创投）and other investors. The proceeds will primarily support core technology development and the expansion of the R&D team, while accelerating validation and commercialization in representative use cases.

CATL announced the project in 2022 with a planned investment of €7.34 billion and annual capacity of 100 GWh once all facilities are ready. Construction of the first cell building began in summer 2023, and equipment installation was completed by spring 2026. The site obtained an occupancy permit in August, and CATL said it had met the conditions attached to its integrated pollution prevention and control permit before starting the trial.