Xinghai Tu Closes 1 Billion Yuan Series B — What It Means for the Global Embodied AI Race When a startup's existing investors fight for the right to put in more money at a higher valuation, it is rarely about financial returns alone. Five of Xinghai Tu's major existing shareholders—Cathay Capital, Meituan Longzhu, Today Capital, Xianghe Capital, and Hillhouse Ventures—each participated in this Series B either at or above their pro-rata allocation. That behaviour signals conviction, not momentum-chasing. Combined with a fresh syndicate of industrial strategics—BAIC Capital (automotive), Bihong Investment (Geely Group), and Jinding Capital—the 1 billion yuan (≈$140 million) round is as much a commercial partnership network as it is a capital event. As of this financing, Xinghai Tu has raised nearly 3 billion yuan (≈$420 million) in total since its founding in September 2023, a remarkable pace for a company that is not yet three years old.…