Yinghe Robotics enters bankruptcy liquidation as three robotics firms face survival crises within three months

The Shenzhen Intermediate People's Court issued a bankruptcy announcement in late August, formally placing Yinghe Robotics, which had raised over 600 million yuan and drew investment from Meituan and ByteDance among others, into bankruptcy proceedings; for the full year 2025 it reported revenue of only 4.33 million yuan and a net loss of nearly 67 million yuan. In less than a month afterward, Zhicheng Dynamics faced a creditor petition for bankruptcy reorganization, and Shenlan Robotics' bankruptcy liquidation entered the final stage of public notice of employee claims.