China's Unitree Robotics Soars 542% in Shanghai Market Debut
· Technology · CNBC, BBC News, The Independent
Unitree Robotics shares surged 542% during their Shanghai market debut in early trading. The Hangzhou-based humanoid robot maker raised approximately 6.1 billion yuan, equivalent to $905 million, through its initial public offering. Shares climbed to 968.1 yuan apiece after peaking at 1,100 yuan earlier in the session. The IPO received financial backing from Chinese AI company DeepSeek, which invested about 140.8 million yuan. Unitree's product range includes bipedal humanoid robots and four-legged hazard-detection units, alongside a newly unveiled humanoid model named Superman.
Why it matters
The massive debut underscores surging investor demand for humanoid robotics technology in China, where market shipments are projected to scale significantly over the coming years.
Read the original report — CNBC
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