Zhipingfang, an embodied intelligence company, has successfully completed a new financing round totaling nearly 5 billion yuan (approximately US$700 million), elevating its valuation to over 20 billion yuan. This milestone makes Zhipingfang the first embodied intelligence enterprise in the Guangdong-Hong Kong-Macao Greater Bay Area to achieve such a valuation. Following this funding, the company plans to expedite the iterative upgrade and mass production of its 'robot brain,' enhancing its integrated capabilities across model, hardware, and scenario applications.