ChainCatcher reported that Shao Tianlan, founder and CEO of Hong Kong-listed Mech-Mind, posted on WeChat Moments questioning some embodied AI companies over their revenue practices. He alleged that certain firms use data collection centers and related-party transactions involving local governments, investors, and suppliers to create false and unsustainable revenue and push for listings. Shao described them as "deal-assembling" embodied AI companies and said the group includes some high-profile, highly valued firms in Beijing and Shanghai that have appeared on the Spring Festival Gala. He argued that such practices are illegal, unethical, and unwise. Shao also said revenue generated in this way could hurt investors and leave companies with a heavier growth burden, forcing them to repeat and expand the same approach in the following year and potentially drawing them into a cycle of continued fabrication and financial drain. In the comments section, he named Galaxy General and asked whether any Beijing municipal leaders were backing the company’s listing.
ChainCatcher reported that Shao Tianlan, founder and CEO of Hong Kong-listed Mech-Mind, said in a WeChat Moments post that some embodied AI companies use data collection centers and related-party transactions with local governments, investors, and suppliers to generate false and unsustainable revenue and push toward a public listing.
Shao labels them "deal-assembling" embodied AI companies
Shao referred to such firms as "deal-assembling" embodied AI companies. He said the group includes some well-known, highly valued companies in Beijing and Shanghai that have appeared on the Spring Festival Gala, and criticized the practice as "illegal, unethical, and unwise."
Warning over investor harm and future growth pressure
Shao said revenue produced in this manner could harm investors and saddle companies with an increasingly heavy growth burden. If a company books such revenue this year, he said, it would need to keep doing the same thing next year and do more of it, which could eventually pull it into a spiral of ongoing fabrication and financial drain.
Galaxy General named in comments
According to the report, Shao later named Galaxy General in the comments section and asked whether any Beijing municipal leaders were supporting the company’s listing.
Mech-Mind business scope
Mech-Mind mainly provides robot 3D vision and AI software products, which are used in industrial manufacturing, logistics, and other scenarios.
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