Unitree Robotics IPO Draws Higher Investor Interest Than Shein
· Business · Fortune, Bloomberg, The Straits Times
Chinese humanoid robotics firm Unitree is set to debut on the Shanghai STAR market this week, while fast-fashion giant Shein prepares for its own IPO in Hong Kong. Despite Shein seeking to raise approximately $3 billion—triple the target of Unitree—investors are showing significantly higher demand for the robotics manufacturer. Unitree reported 1.7 billion yuan in revenue for 2024, marking a fourfold increase over the previous year, and achieved a net income of 600 million yuan in 2025. The company’s retail offering was reportedly over 8,000 times oversubscribed, reflecting a shift in market appetite toward AI and hardware. Research indicates that Chinese firms currently account for 97% of all humanoid robot shipments globally.
Why it matters
The strong investor response to Unitree signals a broader shift in capital allocation away from traditional e-commerce platforms and toward AI-driven hardware and robotics sectors.
Read the original report — Fortune
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