New stock news | China Star Map is reportedly planning to list in Hong Kong, aiming to raise 500 million US dollars.

According to reports, mainland humanoid robot company Galaxea AI plans to list in Hong Kong this year, with a target fundraising of $500 million (approximately HK$3.9 billion). Galaxea AI stated in early April this year that after completing nearly 1 billion yuan in Series B financing last year, it has received about 2 billion yuan in Series B+ financing, with a company valuation exceeding 20 billion yuan. Galaxea AI has a strong shareholder lineup, including Ant Group, Hillhouse Capital, IDG Capital, Baidu, Tongchuang Venture Capital, Meituan, Meituan Dragon Ball, Sequoia Capital China, miHoYo, and Wuxi Ventures, among other institutions. Galaxea AI was established in September 2023, focusing on the development of humanoid robots, robotic arms, and other products. The latest model of humanoid robot, R1Pro, has 26 degrees of freedom in the whole body, with dual 7-axis humanoid robotic arms, with a maximum load of 10 kilograms on each arm and a maximum length of 64 centimeters. Galaxea AI completed its equity reform in January this year. Of the three co-founders of Galaxea AI, two are from Tsinghua University. The current CEO, Gao Jiyang, graduated from the Department of Electronic Engineering at Tsinghua University, and co-founder Zhao Xing is an assistant professor at the Tsinghua University Institute for Interdisciplinary Information. It is reported that R1Pro can flexibly perform complex movements in the range from the ground to 2 meters high, and is equipped with the NVIDIA Jetson AGX Orin 32GB, with a computing power of 200 TOPS. In January this year, Galaxea AI also released the VLA model GO Plus.