Robotic vacuum maker Dreame faces provincial audits and Weibo suspension after founder Yu Hao’s $100 trillion expansion push
Story Overview
Dreame built its name as the top robotic vacuum seller worldwide before founder Yu Hao launched an all-out push into electric vehicles, satellites, humanoid robots and even bubble tea, aiming for a $100 trillion ecosystem over decades. That same ambition now draws provincial audits of linked entities plus a suspension of Yu’s Weibo account for alleged malicious posts about rivals.
Audits shine light on affiliate sprawl
Jiangsu authorities are asking local firms to tally exposure to Dreame’s nearly 1,000 affiliated companies, focusing on investment sizes and state-fund involvement. The timing coincides with Dreame’s concept reveals for EVs and robotics, leaving unclear how deeply public money is tied to the unproven lines.
Founder’s social silence raises timeline questions
Yu’s Weibo and other accounts went dark around June 5 under a national anti-hype campaign, with no company statement yet. Observers wonder whether the pause slows momentum on the satellite and humanoid projects that still lack pricing or launch dates.
Many users dismissed Dreame's expansion into EVs and humanoid robots as structurally flawed and subsidy-reliant, sarcastically mocking ambitious valuations while anticipating damaging audits and liquidation.
Most Activity
ah well, this explains a lot. I hope these assets will find better use than the CEO's chutzpah maintenance now
As i said before, Dreame was fucked from the start
@teortaxesTex That rocket hypercar might have been the last straw.
@zephyr_z9 Fire sale soon ? Their vacuums are good
@zephyr_z9 seen that pattern before
once the starting structure is wrong it rarely gets fixed
@zephyr_z9 $100 Trillion company, what did he smoked and doped? 100 doses of Sinovac Coronavac?
@zephyr_z9 China need to push the envelope.
Only idiots will revere a small niche appliances player that relied on state subsidies to survive.
A good way to start will be inventing a time travel / teleportation machine to show technological prowess over basic ass ASML lithography machines
@zephyr_z9 What happened? But yeah seems a bit too ambitious
@teortaxesTex of course it was a rocky start
now we just need the liquidation post to match the energy