China
ByteDance and Meituan backed it. Yinghe Robotics is now in bankruptcy.
Shenzhen Intermediate Court accepted Yinghe's bankruptcy case (2026)粤03破454号 in late Aug 2026; first creditors' meeting is Oct 19. The firm raised >RMB 600M (~$85M est.) and once hit a reported ~$500M valuation — then posted RMB 4.33M revenue and ~RMB 67M net loss for 2025 (reported).