The personalization and intelligent technology industry raised 8.6 billion yuan in funding in May, a year-on-year increase of 145%, but a month-on-month decrease of 58%.

Financing in the smart device industry has cooled down. In May 2026, financing reached 8.6 billion yuan, a year-on-year increase of 145%, but a month-on-month decrease of 58%. Capital is shifting from complete machines to core components and data infrastructure, and investment logic is becoming more rational.