Investment

Honor CEO Li Jian announced the company’s entry into robotics, highlighting a prototype robot capable of 4 meters per second, potentially surpassing competitors like Unitree Robotics. This launch, backed by a $10 billion investment over five years, follows Honor’s “Alpha Strategy” focusing on AI and robotics. Subsidiaries like Guiyang and Harbin Xingyao Terminal Co., Ltd. have been established to support their robotics endeavors, indicating a growing trend in the smart hardware market.

RCP Advisors closed its primary fund-of-funds, RCP Fund XIX, at $314 million. The fund, backed by diverse investors, will maintain RCP’s two-decade-long strategy of investing in buyout fund managers focused on small-cap companies (enterprise value $10-$250 million) with a focus on control-oriented investments. The success of RCP’s established strategy is evidenced by its continued appeal to a broad investor base and approximately $17 billion in committed capital since 2001.