Tech Brief (July 1): UBTech Launches Lifelike Humanoid Robots

Published: Jul. 1, 2026 5:10 p.m. GMT+8

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Cambricon becomes first STAR Market stock to hit 1-trillion-yuan market cap

Cambricon Technologies Corp. Ltd. became the first company listed on Shanghai’s tech-focused STAR Market to surpass 1 trillion yuan ($147 billion) in market capitalization, as the SSE STAR 50 Index continued its strong rally. Shares of the Chinese AI chipmaker closed up 7.7% at 1,595.55 yuan on Tuesday, bringing its market value to 1 trillion yuan. The company’s stock has surged more than 75% so far in 2026. After posting its first annual profit in 2025, Cambricon reported a 159.6% year-on-year jump in revenue to 2.9 billion yuan in the first quarter of 2026, while net profit attributable to shareholders soared 185% to 1 billion yuan.

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Cambricon becomes first STAR Market stock to surpass 1 trillion yuan market cap, shares up 75% in 2026.
UBTech launches lifelike humanoid robots priced up to 990,000 yuan, targeting consumer companion market.
Embodied AI startup DexForce raises 1 billion yuan Series B; Neolix gets Malaysian nod for autonomous delivery tests.

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Who’s Who

Cambricon Technologies Corp. Ltd.: Cambricon Technologies Corp. Ltd., a Chinese AI chipmaker, became the first STAR Market stock to surpass a 1 trillion yuan market cap. Shares surged over 75% in 2026 after posting its first annual profit in 2025. Q1 2026 revenue jumped 159.6% to 2.9 billion yuan, with net profit up 185% to 1 billion yuan.

UBTech Robotics Corp. Ltd.: UBTech Robotics Corp. Ltd. launched the U1 series of highly realistic bionic humanoid robots, priced from 119,800 yuan to 990,000 yuan. The Hong Kong-listed company aims to build a "second growth curve" in the consumer-companion market beyond its industrial and commercial service-robot business.

DexForce: DexForce, an embodied AI startup, raised 1 billion yuan in Series B funding, reaching a valuation over 10 billion yuan. Investors include Shenzhen Capital Group, ICBC Capital, and Lens Technology. Funds will advance world model algorithms, data infrastructure, and humanoid robot deployment.

Neolix Technologies Co. Ltd.: Neolix Technologies Co. Ltd., a Chinese autonomous delivery vehicle maker, received approval from Malaysia’s transport ministry for sandbox testing of unmanned delivery vehicles on public roads. It plans to launch road tests in Cyberjaya to verify vehicle performance in real urban traffic conditions.

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What Happened When

2025：: Cambricon posted its first annual profit.

First quarter of 2026：: Cambricon reported a 159.6% year-on-year jump in revenue to 2.9 billion yuan, and net profit attributable to shareholders soared 185% to 1 billion yuan.