China’s Unitree Robotics is planning an initial public offering (IPO) that could value the company at up to 50 billion yuan ($7 billion), according to a report on CNBC. This move highlights the intense global competition in the humanoid robot sector.
Hangzhou-based Unitree has become one of the most prominent in China’s humanoid robotics space. Its planned IPO would make it one of the first companies specializing in this technology to go public, signaling strong investor confidence.
Unitree’s growth is part of a broader, state-backed push in China to lead in advanced technologies like robotics and AI. The government has placed humanoids at the “centre of their national strategy”, supporting the industry through initiatives like a massive trillion-yuan fund for tech startups. [Read more…] about Unitree Robotics planning an IPO valuing it at $7 billion