"Kuaizao Technology" completes 1 billion yuan financing, the largest single financing in the primary market for consumer-grade 3D printing.
Related
Insight Technology completes tens of millions of yuan in Pre-A+ round financing
Mars Finance reported on July 7th that Guangzhou Insight Technology Co., Ltd. recently announced the completion of a Pre-A+ round of financing worth tens of millions of yuan, led by Hillhouse Capital. The funds will be primarily used for the construction of solid-state nanopore chip testing and packaging production lines, R&D of testing products, and technological expansion in the advanced semiconductor field. (Venture Capitalist CLUB)
Morphi, a company specializing in embodied intelligence, has completed a series of angel round financing rounds exceeding 1 billion yuan.
Mars Finance reported on July 7th that Morphi, a holographic intelligence company, officially announced the completion of its angel round of financing, exceeding 1 billion yuan. This round was jointly invested by Alibaba and Tencent, with participation from over ten leading institutions including Guanghe Venture Capital. Following the financing, the company's valuation surpassed 7 billion yuan, setting a record for the largest publicly disclosed first-round financing in the domestic holographic intelligence sector. (Venture Capitalist CLUB)
Hao Lishun, Ministry of Industry and Information Technology: Revenue of large-scale robot companies exceeded 90 billion yuan in the first five months of this year, with an average annual growth rate of over 20% in the past five years.
According to Mars Finance, at a press conference for the 2026 World Robot Conference, Hao Lishun, Deputy Director of the Equipment Industry Department of the Ministry of Industry and Information Technology, stated that from January to May this year, the operating revenue of my country's large-scale robot enterprises exceeded 90 billion yuan, a year-on-year increase of 26.9%, with an average annual growth rate of over 20% in the past five years. The supporting capabilities for key components have significantly improved, the intelligence level of complete robot products has continued to rise, and the layout in cutting-edge areas such as humanoid robots is accelerating. The technological foundation, including operating systems and simulation platforms, is being built at a faster pace. High-value application scenarios are constantly being enriched, cultivating more new human-machine collaborative positions. The industry's development is gradually shifting from competition based on single-product technology and market size to the integration of supply chain collaboration and development ecosystem. (Reporter Li Mingming, Science and Technology Innovation Board Daily)
Tether burned 2.5 billion USDT on Ethereum in a single day, the largest single-day destruction since February.
According to Mars Finance, on July 8th, CryptoQuant, citing on-chain data analysis, reported that on July 7th, the Tether Treasury burned $2.5 billion worth of USDT on the Ethereum network, the largest single burn on the network since February this year. This surpasses the $2 billion burn on May 8th and is second only to the historical high of $3.5 billion on February 10th. Simultaneously, the USDT balance flowing in and out of Binance via the Tron network fell to approximately $806 million, the lowest level since December 29th, 2025 ($391 million), falling below the $1 billion mark, indicating a significant contraction in USDT liquidity through the Binance Tron channel. While the large-scale burn by the Tether Treasury primarily reflects redemptions, fund management, or cross-chain rebalancing operations, it is not a direct market signal. However, the simultaneous contraction in Ethereum supply and Binance Tron liquidity warrants continued monitoring to see if the trend of synchronized tightening of liquidity in both stablecoin chains continues.
Maiju Microelectronics completes financing of tens of millions of yuan
Recently, "Maiju Microelectronics" completed a financing round of tens of millions of yuan, led by Huabao New Energy, with existing shareholders Sunwoda and Qifu Capital continuing to invest. The funds will primarily be used for the mass production of the intelligent single-cell-level multi-dimensional monitoring sensor chip MagiCell™, the iterative expansion of the MagicFETs™ and MagicAFE™ series product lines, and R&D and market expansion for industrial and commercial energy storage and automotive electronics markets. Maiju Microelectronics is a domestic semiconductor design company specializing in lithium battery safety management chips and intelligent cell sensor chip solutions, and has formed a complete chip product matrix covering the entire voltage range.
Defu Technology: Plans to raise no more than 2.8 billion yuan through private placement for high-end electronic circuit AI copper foil project.
According to Mars Finance, Defu Technology (301511.SZ) announced that it plans to issue A-shares to specific targets, raising a total of no more than 2.8 billion yuan. After deducting issuance expenses, the funds will be used for the "50,000-ton AI copper foil project for high-end electronic circuits" and to supplement working capital. The AI copper foil project has a total investment of 2.25 billion yuan, with 1.98 billion yuan planned to be invested from the raised funds. It will be implemented by its wholly-owned subsidiary, Amber New Materials. Upon completion, the project will achieve an annual production capacity of 50,000 tons of high-end electronic circuit copper foil, including copper foil for FPCs, RTF, HVLP, and carrier copper foil, mainly used in AI servers, high-speed switches, optical modules, and other fields. This issuance is subject to approval by the company's shareholders' meeting, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. (Cailian Press)