--- title: "Financing Exceeds 2 Billion in Two Months, Xingdong Ji Yuan Continues to Rally as a Laggard" type: "News" locale: "en" url: "https://longbridge.com/en/news/284147587.md" description: "Led by SF HOLDING" datetime: "2026-04-27T03:34:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284147587.md) - [en](https://longbridge.com/en/news/284147587.md) - [zh-HK](https://longbridge.com/zh-HK/news/284147587.md) --- # Financing Exceeds 2 Billion in Two Months, Xingdong Ji Yuan Continues to Rally as a Laggard Author | Huang Yu With the acceleration of humanoid robot commercialization, capital continues to pour into this hot sector. Wall Street News learned that after completing a 1 billion RMB strategic financing round in March this year, Xingdong Ji Yuan recently completed a new financing round exceeding $200 million. This means that within just two months, Xingdong Ji Yuan has accumulated nearly 2.5 billion RMB in financing. Including the A+ round in November last year, Xingdong Ji Yuan has raised nearly 3.5 billion RMB within half a year. At the time of completing the 1 billion RMB financing in March, market reports indicated that Xingdong Ji Yuan's valuation had exceeded 10 billion RMB. The investor lineup for Xingdong Ji Yuan's latest financing round is impressive, including not only investment institutions but also multiple industrial participants. Specifically, led by SF Group, well-known financial institutions such as Sequoia China, IDG Capital, CICC Capital, Jingming Capital, Chaoxi Capital, Lushin Venture Capital, Aggregate Capital, and Longqi Investment jointly invested; top-tier industrial participants including Kejie Intelligence, Dongfeng Industrial Investment, ICBC Capital, and funds under China Unicom also participated; existing shareholders Qingkong Tiancheng and Hongruida continued to increase their stakes. Founded in August 2023, Xingdong Ji Yuan focuses on the humanoid robot field, based on full-stack self-research of brain-control-operation-data-dexterous hand-humanoid body, building complete "real work" robot AI Native system-level capabilities. After multiple rounds of financing, Xingdong Ji Yuan's shareholders include not only top-tier investment institutions like CDH VGC, Sequoia China, IDG Capital, and CICC Capital, but also industrial giants such as SF Group, Alibaba, Geely Capital, BAIC, Dongfeng, Samsung Group, Lenovo, and Haier. As is well known, for embodied intelligence enterprises still in the exploration phase of scaled commercial implementation, they need not only capital support but also assistance from industrial partners to explore the application of embodied intelligence in real-world scenarios. In 2025, the global humanoid robot market will reach its scaled starting point. According to IDC data, global shipments of humanoid robots will approach 18,000 units this year, representing a year-over-year growth of approximately 508%, with sales reaching about $440 million; meanwhile, cumulative sales orders are expected to exceed 35,000 units, laying the foundation for subsequent deliveries and sustained market expansion. Although the growth is encouraging, it must be acknowledged that the mass production scale of humanoid robots remains small. According to Omdia data, only three companies exceeded 1,000 units last year, all from China: Agibot, Unitree Technology, and UBTECH, with shipment volumes of 5,168 units, 4,200 units, and 1,000 units respectively. 2025 is also a very important year for Xingdong Ji Yuan. CEO Chen Jianyu defines this year as "the year of parallel advancement in technological breakthroughs and commercial verification." It is reported that Xingdong Ji Yuan's first truly meaningful commercial order appeared in 2025, coming from an overseas research customer who selected the Xingdong XHAND1 five-finger dexterous hand. However, in terms of total unit shipments, Xingdong Ji Yuan still lags behind the industry's first tier. Chen Jianyu believes that 2026 will be the critical year when embodied intelligence transitions from technical validation to commercial implementation. "My forecast is: barring any external 'black swan' events, the momentum of embodied intelligence will continue throughout 2026. This comes from both overall economic expectations and investment market sentiment; on the other hand, the pace of technological iteration is accelerating, with many previously impossible tasks being gradually overcome." Based on this, Chen Jianyu proposes that Xingdong Ji Yuan aims to achieve shipments at the thousand-unit level in 2026, with a longer-term goal of ten thousand units. The biggest constraint facing the industry today is not supply chain or delivery capabilities, but demand validation and product refinement. In his view, there are many ways to reduce robot costs. Leveraging China's manufacturing capabilities, reducing hardware costs is not an issue, but the primary goal is to ensure the product works properly, as product validation is more challenging and critical than cost optimization. It is reported that Xingdong Ji Yuan has already achieved the first Product-Market Fit (PMF) in the embodied intelligence industry, with landing scenarios in the logistics sector, cooperating with China Post, SF Holding, and others to implement over 10 logistics centers. Additionally, Xingdong Ji Yuan revealed that it launched batch deliveries of thousand-unit level robots in the second quarter of 2026, with a growth rate as high as 300%. IDC predicts that several leading Chinese manufacturers are expected to achieve ten-thousand-unit capacity in 2026, further strengthening scaled supply capabilities and potentially consolidating their first-mover advantages. By 2030, global humanoid robot shipments will surpass 510,000 units, with a compound annual growth rate of nearly 95%. With upgrades in body technology, excavation of application value, co-construction of industrial ecosystems, and continuous improvement of business models, future industry competition will focus on application capabilities and commercial value delivery. Undoubtedly, the next phase of humanoid robot mass production will enter an acceleration stage. To avoid being squeezed out of the table in fierce market competition, while enhancing technical capabilities, continuously strengthening commercial implementation capabilities is also a challenge that major humanoid robot manufacturers must overcome. ### Related Stocks - [06936.HK](https://longbridge.com/en/quote/06936.HK.md) ## Related News & Research - [J&T Global Express Shareholders Back S.F. Holding Deal and Governance Changes](https://longbridge.com/en/news/283515568.md) - [From supply chain to record growth: Shenzhen dominates China’s robotics sector](https://longbridge.com/en/news/284106341.md) - [Venture capitalist Nabeel Hyatt says training robots will reshape the future of work](https://longbridge.com/en/news/283797522.md) - [China's Dongfeng targets global sales of 4 million by 2030, executive says](https://longbridge.com/en/news/283914904.md) - [Guangdong Huayan Robotics signs strategic cooperation memorandum with Syntec, Leantec](https://longbridge.com/en/news/284190095.md)