Chinese humanoid robot maker Unitree jumps 460% in blockbuster Shanghai IPO | Latest Tech News
Leading Chinese robotics firm Unitree – identified for its backflipping humanoid robots and robotic canine – surged 460% on Wednesday after making its public debut in Shanghai.
Unitree – whose dexterous robots have gone viral with shows of dancing and martial arts, while raising national security considerations in Congress – raised 6.1 billion yuan, or about $904 million, in its public debut.
The Hangzhou-based firm is the first robotics firm from mainland China to go public, with buyers including AI firm DeepSeek and tech giant Tencent.
Unitree shares surged 460% in their trading debut. Getty Images
The monster public debut got here just two days after Unitree unveiled a next-gen humanoid robot it calls “Superman,” which is purportedly succesful of leaping more than six ft in the air and working at more than 28 miles per hour.
“The mass-production inflection point appears close,” JPMorgan Chase & Co. analysts said in a notice, according to Bloomberg.
Wang Xingxing, Unitree’s 36-year-old CEO, noticed his personal wealth surge as high as $16 billion during the blockbuster trading debut, according to Forbes.
The company generated about $250 million in income last 12 months, with about 13% of that whole coming from the US, according to disclosures.
In the US, Elon Musk’s Tesla has unveiled plans to construct enormous numbers of “Optimus” humanoid robots, but they’ve yet to enter mass manufacturing.
As The Post reported back in 2024, US officers have grown more and more involved about the fast progress of humanoid robots made by Unitree and other China-based corporations.
US critics have alleged that humanoid robots constructed by Unitree and other Chinese corporations are a potential national security risk. ANDRES MARTINEZ CASARES/EPA/Shutterstock
Unitree manufactures humanoid robots and “robot dogs” that can carry out varied duties. AFP via Getty Images
Some have voiced fears that the Chinese Communist Party or state-sponsored unhealthy actors may use them to sabotage important infrastructure or spy.
Last month, the FCC banned imports of foreign-made humanoid robots and “robot dogs” in what was widely seen as a measure concentrating on China, which controls about 85% of the global market.
FCC Chairman Brendan Carr said the ban, which only applies to “new versions” of the robots, was meant to “secure America’s critical supply chains.”
Elsewhere, the Pentagon in June added Unitree to a checklist of firms that work with the Chinese army.
With Post wires
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