CNBC's The China Connection newsletter: China ships more humanoid robots than the U.S. as investors diverge on AI bets

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This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here.

Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot of what I’m seeing and hearing from local businesses.

Today, I dig into rising valuations for Chinese humanoid startups and why they still aren’t attracting the same kind of money as their U.S. rivals — despite delivering far more robots. Are U.S. VCs missing out?