China Recap is a weekly roundup tracking Chinese companies expanding abroad, covering market entries, funding rounds, product launches, and global partnerships.
China’s corporate globalization strategy is evolving fast. Industry giants are rewriting the global playbook, while a new generation of companies charts fresh paths overseas.
China Recap tracks both—focusing on strategic expansion, brand building, and localized operations—to help readers make sense of shifting trends and understand how Chinese firms are reshaping their global approach.
Here’s what made headlines last week:
Robotics players shift into next gear globally
- MegaRobo Technologies, a life sciences automation and robotics company, filed for a potential listing on the Hong Kong Stock Exchange, appointing Morgan Stanley, Huatai Financial, Deutsche Bank, and CCB International as overall coordinators. No public offering is currently underway, and the listing remains subject to regulatory approval.
- Casbot, a Chinese startup focused on humanoid robots, raised nearly RMB 100 million (USD 14 million) in an angel plus funding round. Backers include Lens Technology, Tianjin Jiayi, and existing investors SDIC Unity Capital and Henan Asset Management. The funds will support mass production and R&D as Casbot expands in industrial and mining applications.
- Standard Robots filed for a Hong Kong IPO with joint sponsors CITIC Securities and Guotai Junan International. Founded in 2016 in Wuxi, the company specializes in robotics and artificial intelligence software, and is backed by investors including Xiaomi, Broad Vision Funds, and China Capital Management. —36Kr
- Nvidia and Foxconn are in talks to deploy humanoid robots at a new plant in Houston, Texas, where Foxconn will produce Nvidia’s GB300 AI servers, sources said. If finalized, the site would mark the first use of humanoid robots on the production line for either company. —Cailian Press
- Unitree Robotics, a Chinese maker of quadruped and humanoid robots, has raised new funding from top tech investors including Alibaba (and its affiliate Ant Group), Tencent, China Mobile, Geely, and ByteDance-linked Jinqiu Capital, pushing its valuation past RMB 10 billion. The company is considering a Hong Kong listing. —SCMP
Xpeng launches the X9 in Indonesia
Xpeng Motors has launched its X9 MPV in Indonesia at a starting price of IDR 990 million or around USD 61,000, with local production slated to begin in July. The plant marks Xpeng’s first overseas manufacturing base as it targets Southeast Asia’s largest automotive market. —Sina
Anjoy targets expansion in Southeast Asia
Anjoy Foods, China’s leading frozen hotpot supplier, plans to raise up to HKD 2.64 billion (USD 336.3 million) in a Hong Kong listing on July 4. The proceeds will fund expansion in Southeast Asia and Europe, where demand for Chinese cuisine is growing. The company reportedly holds a 6.2% share of the mainland market and reported RMB 15.1 billion (USD 2.1 billion) in revenue last year. —SCMP
Neta Auto risks subsidy clawback in Thailand
Thailand warned Neta Auto it may need to repay more than THB 2 billion (USD 61.5 million) in subsidies if it fails to meet local electric vehicle production targets under a national incentive program. With only 4,000 of the required 19,000 vehicles produced this year, authorities are tightening oversight and proposing stricter reporting requirements. —IT Zhijia
China’s Ningji partners with CP Group
Chinese lemon tea brand Ningji partnered with Thailand’s CP Group to support its Southeast Asia expansion, gaining access to CP’s supply chain and retail network. The deal follows earlier backing from Tencent, ByteDance, and Shunwei Capital. —GeekPark
GAC kicks off EV production in Jakarta
GAC Group opened a smart factory in Jakarta, marking a key step in its “One GAC 2.0” globalization strategy. The site reportedly features AI-powered manufacturing and supports the company’s effort to localize EV production in Southeast Asia. The plant anchors GAC’s Indonesia initiative and long-term plan to develop a local supply and service ecosystem.
Huawei debuts CloudRobo AI platform
Huawei Cloud unveiled its CloudRobo platform at its developer conference on June 20, reportedly offering embodied AI capabilities built on the Pangu model. The system supports multimodal data generation, complex planning, and millimeter-level execution, targeting use cases from automotive assembly to semiconductor logistics. —Guancha
Baidu plans Apollo Go rollout in Southeast Asia
Baidu plans to launch its Apollo Go robotaxi service in Singapore and Malaysia as early as this year, seeking local partners for an asset-light model. The service has logged 11 million rides, reportedly surpassing Waymo, and is also exploring markets including Turkey and Switzerland. —Bloomberg
That wraps up this edition of China Recap. If your company is expanding internationally, we’d love to hear about your latest milestones. Get in touch to share your story.