China's AI Sector Raises 110 Billion Yuan in Q1, Surging 185% Year-over-Year

According to CCTV Finance, China's AI sector attracted near 600 investment deals worth over 110 billion yuan in Q1 2026, up 185.4% year-over-year. In May alone, domestic large model startups Moonshot AI and StepFun secured over 30 billion yuan in funding, while embodied AI companies like Vitality Dynamics and Lumind Robotics also closed multi-billion yuan rounds.
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