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first_img The real robot revolution in China has nothing to do with humanoid robots

According to data from the International Federation of Robotics, Chinese companies installed 295,000 new industrial robots in China in 2024, accounting for 54% of the global total. Two years ago, China had over 2 million industrial robots in operation, approximately 4.5 times that of the second-place Japan. According to data from the Ministry of Industry and Information Technology of China, the revenue of China's robotics industry exceeded 300 billion yuan (4.4 billion USD) last year, with an average annual growth rate of over 20% over five years. Industrial robot exports are expected to grow by 49% in 2025, making China a net exporter of industrial robots for the first time.Chinese manufacturers now hold the majority share of the domestic industrial robot market, which was previously dominated by Fanuc, ABB, Yaskawa, and KUKA before 2024. BYD's Xi'an factory operates thousands of automated robotic arms for electric vehicle assembly lines, with key components being nearly fully autonomous. The Yangshan Port in Shanghai has built the world's largest automated terminal, almost entirely operated by automated guided vehicles and remotely controlled gantry cranes, with minimal human intervention. Regulatory authorities in Guangdong Province recently approved 48 "robot +" deployment scenarios covering manufacturing, logistics, and service sectors. The quadruped and humanoid robot company Yushu Technology went public last month, with its first-day trading valuation exceeding 1,200 times its past earnings.

Revolut obtains a banking license in France, becoming the second fully licensed banking entity in the EU

The fintech company and crypto-friendly bank Revolut announced that it has obtained a banking license in France, becoming the second full banking license the company has acquired in the EU after Lithuania. The license was jointly reviewed by the French Prudential Supervision and Resolution Authority (ACPR) and the European Central Bank, and approved by the Governing Council of the European Central Bank. After obtaining the license, Revolut Bank S.A. will be able to offer a wider range of banking services in France, including loans, mortgages, and regulated savings products. France is one of Revolut's largest markets in Western Europe.Previously, the company primarily operated in France under its Lithuanian banking license, mainly providing payment and financial services. Following this licensing, Revolut will gradually migrate its French operations to the new French banking entity and plans to subsequently expand to Germany, Ireland, Italy, Portugal, and Spain. Revolut stated that it has invested over 1 billion euros in the Western European market over the past few years and has created over 600 new jobs locally, with plans to establish its Western European headquarters in Paris by 2027. However, the license comes with regulatory conditions. Reports suggest that the European Central Bank may impose restrictions on new products for Revolut's French operations, similar to the regulatory measures previously implemented on its Lithuanian entity, which may affect the speed of launching loan and savings products.This year, Revolut has continued to advance its global regulatory expansion. The company obtained a full banking license in the UK in March 2026 and a full banking license in Australia in July. Currently, Revolut covers 40 markets, with its valuation rising to $115 billion after secondary stock trading in 2026.
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