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wrote a column · Apr 14 17:45

Wang Xingxing is backed by Meituan

The embodied intelligence sector is about to enter its harvest period, with several leading companies stepping into the IPO or shareholding reform phase. Unitree Robotics' IPO application has been accepted, making it the only currently profitable company in the embodied intelligence space. Galaxy General and Star Map are both valued at over 20 billion yuan, making them the two highest-valued public companies in this field. And behind these three companies stands the same investor: Wang Xing. While industry giants like Jack Ma and Lei Jun are still 'co-investing,' Wang Xing has become the biggest winner in the embodied intelligence sector. The multiple projects he invested in are now entering the payoff stage en masse. Specifically, the Meituan-affiliated group holds the largest stake among external shareholders in Unitree Robotics, with a shareholding of 9.6%. The Meituan-affiliated group also participated in Galaxy General's angel round and Star Map's A+ round funding. Although the latter two companies have not yet initiated an IPO, they have completed their shareholding reforms and solidly rank among the top tier in China’s embodied intelligence sector. From Unitree Robotics alone, the Meituan-affiliated group could reap billions in returns. Jiang Yi, founding partner of Hengye Capital, did the math: Based on a minimum 10% public offering ratio and a proposed fundraising amount of 4.202 billion yuan for Unitree,Meituan’s 9.6488% stake corresponds to a holding value of approximately 4.052 billion yuan. In terms of investment return, Meituan joined during Unitree's B2 funding round in 2024 when the valuation was about 3.1 billion yuan. The unrealized profit is close to 4 billion yuan, yielding nearly 12 times the initial investment. However, based on the secondary market’s expectations for Unitree, the potential return could far exceed that figure. Image source: Unitree Technology's prospectus And this is just the tip of the iceberg. In the embodied intelligence sector...
The embodied intelligence sector is about to enter its harvest period, with several leading companies stepping into the IPO or shareholding reform stage.
Unitree Technology's IPO application has been accepted, making it the only profitable company in the embodied intelligence sector at present; Galaxy General and Star Sea Map are valued at over 20 billion yuan each, ranking as the top two highest-valued embodied intelligence companies in terms of public valuation.
And behind these three companies stands the same investor: Wang Xing.
While industry giants like Jack Ma and Lei Jun are still 'co-investing,' Wang Xing has become the biggest winner in the embodied intelligence space. Multiple projects he invested in are now entering their harvest phase in batches.
Specifically, the Meituan-affiliated group is the largest external shareholder of Unitree Technology, holding a 9.6% stake; the Meituan-affiliated group also invested in Galaxy General during its angel round and in Star Sea Map during its A+ round. Although the latter two companies have yet to initiate an IPO, both have completed shareholding reforms, solidifying their positions in the top tier of China’s embodied intelligence sector.
From Unitree Technology alone, the Meituan-affiliated group could potentially reap returns worth tens of billions of yuan. Jiang Yi, founding partner of Hengye Capital, calculated the potential gains:
With no less than a 10% public offering ratio and a proposed fundraising amount of 4.202 billion yuan,Meituan's 9.6488% stake would be valued at approximately 4.052 billion yuan. From an investment return perspective, Meituan joined Unitree's B2 funding round in 2024 when the valuation was around 3.1 billion yuan, indicating unrealized profits nearing 4 billion yuan and almost a 12-fold return on investment. However, based on secondary market expectations for Unitree, the actual returns could far exceed that.
The embodied intelligence sector is about to enter its harvest period, with several leading companies stepping into the IPO or shareholding reform phase. Unitree Robotics' IPO application has been accepted, making it the only currently profitable company in the embodied intelligence space. Galaxy General and Star Map are both valued at over 20 billion yuan, making them the two highest-valued public companies in this field. And behind these three companies stands the same investor: Wang Xing. While industry giants like Jack Ma and Lei Jun are still 'co-investing,' Wang Xing has become the biggest winner in the embodied intelligence sector. The multiple projects he invested in are now entering the payoff stage en masse. Specifically, the Meituan-affiliated group holds the largest stake among external shareholders in Unitree Robotics, with a shareholding of 9.6%. The Meituan-affiliated group also participated in Galaxy General's angel round and Star Map's A+ round funding. Although the latter two companies have not yet initiated an IPO, they have completed their shareholding reforms and solidly rank among the top tier in China’s embodied intelligence sector. From Unitree Robotics alone, the Meituan-affiliated group could reap billions in returns. Jiang Yi, founding partner of Hengye Capital, did the math: Based on a minimum 10% public offering ratio and a proposed fundraising amount of 4.202 billion yuan for Unitree,Meituan’s 9.6488% stake corresponds to a holding value of approximately 4.052 billion yuan. In terms of investment return, Meituan joined during Unitree's B2 funding round in 2024 when the valuation was about 3.1 billion yuan. The unrealized profit is close to 4 billion yuan, yielding nearly 12 times the initial investment. However, based on the secondary market’s expectations for Unitree, the potential return could far exceed that figure. Image source: Unitree Technology's prospectus And this is just the tip of the iceberg. In the embodied intelligence sector...
Source: Unitree Technology's prospectus
And this is just the tip of the iceberg. In the embodied intelligence sector, Wang Xing truly deserves the title of 'First Investor.' According to incomplete media reports, among the top eight companies in the embodied intelligence space, Meituan appears nine times, leading all investment institutions.
As invested companies progressively complete new funding rounds, corporate restructuring, and even file their prospectuses, Wang Xing’s harvest season is just around the corner.
A
Behind Wang Xingxing stand more than 40 investors,The Meituan team was not the earliest entrant but has become the largest external shareholder.However, the relationship between Wang Xing and Wang Xingxing has never been one of a talent scout discovering a gifted racehorse.
On the contrary, a widely circulated story recounts how, at the 2017 Wuzhen World Internet Conference, internet giants like Lei Jun and Wang Xing gathered. At that time, 27-year-old Wang Xingxing, with his one-year-old startup Unitree Technology and the prototype robot dog Laikago, faced numerous rejections. After finally securing a chance to showcase in front of them, the robot dog tripped over a threshold and crashed, creating an awkward moment.
The less-than-successful demonstration naturally failed to secure investments from the attending bigwigs.
In the years that followed, Wang Xingxing persisted in developing quadruped robots. By 2023, he had entered the humanoid robotics space, joining the embodied intelligence sector. Meanwhile, Meituan had already established Meituan Longzhu, focusing on investments in consumer and technology sectors. In 2023, as the concept of embodied intelligence began gaining traction domestically, Meituan Longzhu partner Wang Xinyu started exploring this field.
According to media reports, by the end of 2023, Wang Xinyu visited several robotics labs at U.S. universities including Harvard, MIT, and Stanford. He discovered that these labs were equipped with Unitree’s robot dogs and showed significant interest in Unitree’s unreleased humanoid robots.
Wang Xinyu judged, 'If the world's top robotics Ph.D.s are using his product for development and intend to purchase it, then this must be an investment turning point.'
In 2024, Meituan finally took action. By this year, Unitree Technology had been established for eight years and achieved its first-ever profit reversal, with humanoid robot revenue accounting for nearly 30%.
In February 2024, Unitree Technology completed its Series B2 funding round, with Meituan's name appearing on the list of investors for the first time; in September of the same year, Meituan Longzhu participated again in the Series B3 round, led by Wang Xinyu, a partner at Meituan Longzhu. After these two rounds, the Meituan group gained an advantageous position among Unitree’s external shareholders.
Interestingly, part of Meituan’s stake was transferred from Lei Jun.According to Unitree's prospectus, during the second equity transfer in 2024, Astrend IV, a company associated with Lei Jun’s Shunwei Capital, transferred part of its registered capital to Galaxy Z and Chengdu Longzhu. After this round of equity transfer and capital increase, Galaxy Z held 1.0708%, and Chengdu Longzhu also held 1.0708%.
The embodied intelligence sector is about to enter its harvest period, with several leading companies stepping into the IPO or shareholding reform phase. Unitree Robotics' IPO application has been accepted, making it the only currently profitable company in the embodied intelligence space. Galaxy General and Star Map are both valued at over 20 billion yuan, making them the two highest-valued public companies in this field. And behind these three companies stands the same investor: Wang Xing. While industry giants like Jack Ma and Lei Jun are still 'co-investing,' Wang Xing has become the biggest winner in the embodied intelligence sector. The multiple projects he invested in are now entering the payoff stage en masse. Specifically, the Meituan-affiliated group holds the largest stake among external shareholders in Unitree Robotics, with a shareholding of 9.6%. The Meituan-affiliated group also participated in Galaxy General's angel round and Star Map's A+ round funding. Although the latter two companies have not yet initiated an IPO, they have completed their shareholding reforms and solidly rank among the top tier in China’s embodied intelligence sector. From Unitree Robotics alone, the Meituan-affiliated group could reap billions in returns. Jiang Yi, founding partner of Hengye Capital, did the math: Based on a minimum 10% public offering ratio and a proposed fundraising amount of 4.202 billion yuan for Unitree,Meituan’s 9.6488% stake corresponds to a holding value of approximately 4.052 billion yuan. In terms of investment return, Meituan joined during Unitree's B2 funding round in 2024 when the valuation was about 3.1 billion yuan. The unrealized profit is close to 4 billion yuan, yielding nearly 12 times the initial investment. However, based on the secondary market’s expectations for Unitree, the potential return could far exceed that figure. Image source: Unitree Technology's prospectus And this is just the tip of the iceberg. In the embodied intelligence sector...
Source: UBTech Robotics' IPO Prospectus
It was through this transfer that the Meituan group became the largest external shareholder, while Lei Jun lost his position among the leading shareholders. Ultimately, Lei Jun’s associated company, Astrend IV, held 4.4245%.
Wang Xing’s investment in Unitree was relatively early among internet companies. When later giants like Tencent and Alibaba entered the scene, Unitree Technology’s valuation had already soared to 12 billion yuan.While others entered at high prices, Meituan had already completed its stake acquisition during the low-valuation phase, seizing the opportunity early on.
In October 2025, during the 2025 Meituan Robotics Research Institute Academic Annual Conference hosted by Meituan, Wang Xingxing attended as an important partner and participated in discussions.
In addition to investing in a soon-to-be-listed unicorn, Meituan has also bet on the two companies with the highest disclosed valuations in the current embodied intelligence industry: Galaxy General and Star Sea Map.
Unlike its investment in Unitree, Meituan's positioning in Galaxy General and Star Sea Map was at an earlier stage, and its actions were more decisive.
In June 2024, less than half a year after Galaxy General was established, Meituan invested in its $700 million angel round. The two parties have also collaborated in areas such as smart healthcare.
Currently, Galaxy General has raised funds up to Series A+, with a cumulative financing amount of approximately $9 billion, a valuation exceeding $28 billion, and it completed its shareholding reform in December 2025. It also made an appearance on the 2026 Spring Festival Gala stage.
Although the percentage of Meituan's stake has not been disclosed, Jiang Yi stated that Meituan participated in the angel round financing, and within less than two years,The company’s valuation skyrocketed to $28 billion, and the equity stake Meituan locked in during the angel round brought it an extremely high capital appreciation multiple.
Star Sea Map is no exception, except that Meituan has invested in it more frequently and placed heavier bets.
In June 2025, Meituan Longzhu led its Series A4 round of financing; subsequently, Meituan and Meituan Longzhu again led its $100 million Series A5 round. In February 2026, Meituan Longzhu again participated in its $1.4 billion Series B round.
The embodied intelligence sector is about to enter its harvest period, with several leading companies stepping into the IPO or shareholding reform phase. Unitree Robotics' IPO application has been accepted, making it the only currently profitable company in the embodied intelligence space. Galaxy General and Star Map are both valued at over 20 billion yuan, making them the two highest-valued public companies in this field. And behind these three companies stands the same investor: Wang Xing. While industry giants like Jack Ma and Lei Jun are still 'co-investing,' Wang Xing has become the biggest winner in the embodied intelligence sector. The multiple projects he invested in are now entering the payoff stage en masse. Specifically, the Meituan-affiliated group holds the largest stake among external shareholders in Unitree Robotics, with a shareholding of 9.6%. The Meituan-affiliated group also participated in Galaxy General's angel round and Star Map's A+ round funding. Although the latter two companies have not yet initiated an IPO, they have completed their shareholding reforms and solidly rank among the top tier in China’s embodied intelligence sector. From Unitree Robotics alone, the Meituan-affiliated group could reap billions in returns. Jiang Yi, founding partner of Hengye Capital, did the math: Based on a minimum 10% public offering ratio and a proposed fundraising amount of 4.202 billion yuan for Unitree,Meituan’s 9.6488% stake corresponds to a holding value of approximately 4.052 billion yuan. In terms of investment return, Meituan joined during Unitree's B2 funding round in 2024 when the valuation was about 3.1 billion yuan. The unrealized profit is close to 4 billion yuan, yielding nearly 12 times the initial investment. However, based on the secondary market’s expectations for Unitree, the potential return could far exceed that figure. Image source: Unitree Technology's prospectus And this is just the tip of the iceberg. In the embodied intelligence sector...
Image source: Qichacha
To date, Star Sea Map has completed nine rounds of financing, raising funds up to Series B+, with a valuation exceeding $28 billion, and completed its shareholding reform in January 2026.
Similarly, although the equity stake has not been disclosed, Meituan-affiliated capital has taken action multiple times. Two major investment institutions have repeatedly increased their stakes with unprecedented momentum. Jiang Yi stated,As an early core supporter, Meituan gained a first-mover advantage, and as the company's valuation soared past 20 billion yuan, the value of Meituan's holdings has grown exponentially.
B
Interestingly, in the embodied intelligence track, one of Wang Xing's investment characteristics is his 'preference' for alumni.
Tsinghua University’s official website once published an article listing seven embodied intelligence practitioners who graduated from Tsinghua. Five of them came from Tsinghua's Electronic Engineering Department, the same department as Wang Xing, and all of them received investments from him.
Wang He (class of 2010), founder of Galaxy General; Gao Jiayang (class of 2011, later transferred to Micro-Nano Electronics), founder of Star Map; and Xu Huazhe (class of 2012), co-founder of Star Map, are among those included. Additionally, Wang Qian (class of 2007), founder of Autonomous Variable Robotics, and Chen Yilun (class of 2001), founder of Ita Stone Intelligent Aviation, also hail from Tsinghua's Electronic Engineering Department and have backing from the Meituan system.
The embodied intelligence sector is about to enter its harvest period, with several leading companies stepping into the IPO or shareholding reform phase. Unitree Robotics' IPO application has been accepted, making it the only currently profitable company in the embodied intelligence space. Galaxy General and Star Map are both valued at over 20 billion yuan, making them the two highest-valued public companies in this field. And behind these three companies stands the same investor: Wang Xing. While industry giants like Jack Ma and Lei Jun are still 'co-investing,' Wang Xing has become the biggest winner in the embodied intelligence sector. The multiple projects he invested in are now entering the payoff stage en masse. Specifically, the Meituan-affiliated group holds the largest stake among external shareholders in Unitree Robotics, with a shareholding of 9.6%. The Meituan-affiliated group also participated in Galaxy General's angel round and Star Map's A+ round funding. Although the latter two companies have not yet initiated an IPO, they have completed their shareholding reforms and solidly rank among the top tier in China’s embodied intelligence sector. From Unitree Robotics alone, the Meituan-affiliated group could reap billions in returns. Jiang Yi, founding partner of Hengye Capital, did the math: Based on a minimum 10% public offering ratio and a proposed fundraising amount of 4.202 billion yuan for Unitree,Meituan’s 9.6488% stake corresponds to a holding value of approximately 4.052 billion yuan. In terms of investment return, Meituan joined during Unitree's B2 funding round in 2024 when the valuation was about 3.1 billion yuan. The unrealized profit is close to 4 billion yuan, yielding nearly 12 times the initial investment. However, based on the secondary market’s expectations for Unitree, the potential return could far exceed that figure. Image source: Unitree Technology's prospectus And this is just the tip of the iceberg. In the embodied intelligence sector...
Image source: Tsinghua University official website
Wang Xinyu, partner at Meituan Longzhu, shared his investment judgment during an interview: starting with people. He said, “Personally, I value people because they are the core starting point. People will always have different opinions—some believe in one technological approach, while others believe in another... Therefore, people are always the most important factor, and different individuals will emerge.”
Among these, Autonomous Variable Robotics can be considered one of Meituan's key bets. Autonomous Variable Robotics was founded in 2023.Within a year, Meituan took action three consecutive times.
In May 2025, Meituan and Meituan Longzhu exclusively invested in its Series A round, raising hundreds of millions of yuan. A few months later, Meituan invested again in the A+ round, with funding amounting to approximately 1 billion yuan. In February 2026, Meituan Longzhu participated once more in its multi-hundred-million-yuan A4 round.
The embodied intelligence sector is about to enter its harvest period, with several leading companies stepping into the IPO or shareholding reform phase. Unitree Robotics' IPO application has been accepted, making it the only currently profitable company in the embodied intelligence space. Galaxy General and Star Map are both valued at over 20 billion yuan, making them the two highest-valued public companies in this field. And behind these three companies stands the same investor: Wang Xing. While industry giants like Jack Ma and Lei Jun are still 'co-investing,' Wang Xing has become the biggest winner in the embodied intelligence sector. The multiple projects he invested in are now entering the payoff stage en masse. Specifically, the Meituan-affiliated group holds the largest stake among external shareholders in Unitree Robotics, with a shareholding of 9.6%. The Meituan-affiliated group also participated in Galaxy General's angel round and Star Map's A+ round funding. Although the latter two companies have not yet initiated an IPO, they have completed their shareholding reforms and solidly rank among the top tier in China’s embodied intelligence sector. From Unitree Robotics alone, the Meituan-affiliated group could reap billions in returns. Jiang Yi, founding partner of Hengye Capital, did the math: Based on a minimum 10% public offering ratio and a proposed fundraising amount of 4.202 billion yuan for Unitree,Meituan’s 9.6488% stake corresponds to a holding value of approximately 4.052 billion yuan. In terms of investment return, Meituan joined during Unitree's B2 funding round in 2024 when the valuation was about 3.1 billion yuan. The unrealized profit is close to 4 billion yuan, yielding nearly 12 times the initial investment. However, based on the secondary market’s expectations for Unitree, the potential return could far exceed that figure. Image source: Unitree Technology's prospectus And this is just the tip of the iceberg. In the embodied intelligence sector...
Image source: Qichacha
In fact, before Meituan placed its bet, the independent variable robot was not a star company, and no internet industry capital had entered.
What attracted them was the technical strength of the independent variable. Its founder, Wang Qian, initially chose the technical route of 'end-to-end unified VLA large model', releasing the self-developed WALL-A model, which is basically on par with PI and Google.
This also brought widespread attention to the independent variable robot. So far, the independent variable robot has raised funds 10 times, with a valuation exceeding 10 billion yuan.It is the only embodied intelligence company jointly invested by Meituan, Alibaba, and ByteDance, and also ByteDance’s first direct investment in this track.
Meituan's investment in the independent variable robot is understandable. Its 'Quantum No. 1' robot, equipped with the WALL-A model, autonomously completed the task of the 'last 100 meters' of food delivery in a real open environment.
According to Qichacha, Meituan is the third largest shareholder of the independent variable robot, holding approximately 11.09% of shares, Meituan Longzhu holds 2.78%, and Meituan-affiliated capital collectively holds about 13.87%.Jiang Yi stated that if calculated based on its 10 billion yuan valuation, the paper return for Meituan-affiliated capital would be at least about 1.387 billion yuan.
Another company, Tashizhihang, is also a company where Meituan holds a relatively high stake. This company, less than half a year after its establishment, received an angel+ round of financing of $122 million led by Meituan. Qichacha shows that Meituan is now its largest external shareholder and the third largest shareholder, holding about 8.5%.
This company quickly became an industry star after receiving two rounds of angel financing totaling over $120 million at its inception. In March this year, the A1 robot independently developed by Tashizhihang completed the flexible wire harness assembly task with sub-millimeter precision more than a hundred times within an hour, setting a new Guinness World Record.
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In the field of embodied intelligence, Meituan’s layout has been both intensive and decisive. So, why is Meituan so keen on investing in embodied intelligence?
The answer might date back to 2021. At that time, Wang Xing stated during an earnings call that Meituan's business requires not only software but also hardware, with robotics being one of the key verticals for Meituan’s investments. He believed thatWith advanced technologies like robotics driving innovation, there is still potential to improve efficiency and reduce costs in the life services sector.
Following this strategic direction, Meituan has frequently expanded its footprint in the robotics space. From food delivery robots, cleaning robots to industrial logistics robots, and warehouse sorting robots, its deployment covers nearly all practical scenarios, highly synergistic with Meituan’s core operations.
Jiang Yi also analyzed that aside from financial book-value appreciation, the core logic behind Meituan’s investment in embodied intelligence lies in operational synergy and restructuring of cost structures (specifically referring to labor cost restructuring), transitioning from labor-intensive to technology-intensive operations.Meituan employs millions of delivery riders, facing long-term challenges such as rising labor costs and diminishing demographic dividends. In Jiang Yi’s view, embodied intelligence represents the ultimate solution for resolving issues in food delivery, warehouse handling, and last-hundred-meter delivery problems.
This also reflects Meituan’s rationale for investing in embodied intelligence, aligning with its local lifestyle platform characteristics. For instance, Meituan heavily invested in autonomous variable robots, aiming to solve the last-hundred-meter delivery problem. After investing in Galaxy General, the two parties collaborated in the smart healthcare space, where after consumers purchase medicine via Meituan, Galaxy General’s Galbot robots automatically complete drug sorting and packaging.
The embodied intelligence sector is about to enter its harvest period, with several leading companies stepping into the IPO or shareholding reform phase. Unitree Robotics' IPO application has been accepted, making it the only currently profitable company in the embodied intelligence space. Galaxy General and Star Map are both valued at over 20 billion yuan, making them the two highest-valued public companies in this field. And behind these three companies stands the same investor: Wang Xing. While industry giants like Jack Ma and Lei Jun are still 'co-investing,' Wang Xing has become the biggest winner in the embodied intelligence sector. The multiple projects he invested in are now entering the payoff stage en masse. Specifically, the Meituan-affiliated group holds the largest stake among external shareholders in Unitree Robotics, with a shareholding of 9.6%. The Meituan-affiliated group also participated in Galaxy General's angel round and Star Map's A+ round funding. Although the latter two companies have not yet initiated an IPO, they have completed their shareholding reforms and solidly rank among the top tier in China’s embodied intelligence sector. From Unitree Robotics alone, the Meituan-affiliated group could reap billions in returns. Jiang Yi, founding partner of Hengye Capital, did the math: Based on a minimum 10% public offering ratio and a proposed fundraising amount of 4.202 billion yuan for Unitree,Meituan’s 9.6488% stake corresponds to a holding value of approximately 4.052 billion yuan. In terms of investment return, Meituan joined during Unitree's B2 funding round in 2024 when the valuation was about 3.1 billion yuan. The unrealized profit is close to 4 billion yuan, yielding nearly 12 times the initial investment. However, based on the secondary market’s expectations for Unitree, the potential return could far exceed that figure. Image source: Unitree Technology's prospectus And this is just the tip of the iceberg. In the embodied intelligence sector...
Jiang Yi stated,Through strategic deployments, regardless of which company ultimately prevails, Meituan can maintain strong ties through equity or deep business integration.
Despite its extensive layout in the embodied intelligence space, Meituan considers it insufficient for its own needs. During an interview, Wang Xinyu mentioned, “It’s not that we’re investing too much money, but rather far too little.”
To understand this judgment, it is necessary to expand the perspective to Meituan's overall hard technology investment landscape.
According to incomplete statistics by GeekPark, Meituan has invested in at least 50 companies, with more than a quarter growing into unicorn-level enterprises and nearly 10 listed or soon-to-be-listed companies. Meituan’s investments in hard tech mainly focus on four tracks: embodied intelligence, AI, chips, and autonomous driving.
Taking the recently high-profile AI track as an example, Meituan has not only invested in large model companies such as MoonShot and Zhipu AI but also positioned itself in GPU chip companies like Moore Threads and Mosaic Technology. Among them, Zhipu AI is called 'the world's first large model stock,' with a current market value of 439 billion Hong Kong dollars; MoonShot’s valuation has exceeded 120 billion yuan, with repeated rumors of going public.
Therefore, embodied intelligence is just one part of Meituan's broader hard tech strategy.
However, this is far from the end. Book profits are ultimately just financial figures.Meituan’s real ambition is to bring robots out of laboratories and factories and into the daily lives of delivery riders, merchants, and users.
But embodied intelligence has faced criticism due to unclear business models and distant practical application scenarios.Is this a bet on the future, or a reckless gamble? The answer has yet to be revealed.What is certain, however, is that Meituan is not alone in betting on this direction—internet giants like Alibaba, Tencent, and ByteDance have all begun extensive layouts. $MEITUAN-W (03690.HK)$$Meituan ADR (MPNGY.US)$$MEITUAN-WR (83690.HK)$$Tencent Ecosystem (LIST1190.HK)$$Siasun Robot&Automation (300024.SZ)$$Robotics (LIST2653.US)$$Technology (LIST20763.US)$$Technology (LIST20840.HK)$$Star Tech Companies (LIST2518.US)$
References:
Wang Xing Doesn’t Want to Be 'Brother Xing,' Nor Just 'Deliver Food' - Tencent Technology
Tsinghua University's robotics: Promising you a better life! - Tsinghua University official website
Meituan CEO Wang Xing: Robotics is currently one of the key vertical fields for Meituan's investments - Beijing News
An in-depth look at over 50 invested technology companies reveals Meituan’s AI landscape - Geek Park
Who is the 'mentor' behind Unitree Technology? A decade of tech investment history found in the IPO prospectus - China Securities Journal
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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