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ex-tesla engineer launches robotics startup focused on consumer mini robots

Ex-Tesla engineer Shuo Yang has co-founded Mondo Tech, a robotics startup based in Shenzhen and Palo Alto, focusing on developing mini robots as daily companions. Launched with a capital of 1 million yuan, the company aims to tap into the growing consumer robotics market, which is projected to reach RMB 300 billion by 2035. This trend reflects a broader shift in the industry, with increasing cross-border talent flow enhancing innovation in both the U.S. and China.

navigating funding challenges in asia's tech landscape through personal connections

Investors are increasingly prioritizing sustainable business models and revenue generation over flashy growth figures in the tech sector. Founders are encouraged to personalize their outreach to investors, emphasizing non-financial motivations alongside financial metrics. Meanwhile, Carsome's partnership with Google Cloud aims to enhance operational efficiency and AI services, marking a significant milestone in its journey towards profitability.

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