{
  "id": 252412,
  "title": "Backed by DeepSeek, Unitree IPO tests investor appetite for China’s AI robotics boom",
  "url": "https://urgent.news/2026/08/07/backed-by-deepseek-unitree-ipo-tests-investor-appetite-for-chinas-ai-252412",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-07T04:23:35.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/tech/tech-trends/article/3363251/backed-deepseek-unitree-ipo-tests-investor-appetite-chinas-ai-robotics-boom"
  },
  "original_language": "en",
  "account": "Unitree Robotics, a Hangzhou-based firm valued at 60.99 billion yuan, is set to make its initial public offering (IPO), marking a significant benchmark for China's burgeoning embodied-AI sector. The company, often hailed as \"mainland China's first humanoid stock,\" priced its shares at 150.8 yuan each on Shanghai's Star Market, raising 6.1 billion yuan, surpassing its initial target of 4.2 billion yuan. Backed by high-profile investors including AI unicorn DeepSeek, Tencent Holdings, and state-owned giants such as China National Petroleum Corp and China Southern Power Grid, Unitree's IPO is expected to attract significant retail investment interest. DeepSeek, with a 141 million yuan investment, plans to co-develop AI models and technologies with Unitree, granting each other priority access in areas like robot procurement and AI model services. Unitree's IPO valuation is anticipated to serve as a ceiling for other companies in the rapidly expanding embodied-intelligence space. Despite high valuations and investor enthusiasm, analysts warn that valuations may vary widely across companies due to a \"highly fragmented\" market. Unitree stands out by being profitable, with a revenue of 1.7 billion yuan and an adjusted net profit of 591 million yuan last year. The IPO comes amid a volatile landscape for mainland tech stocks, with significant sell-offs in AI computing and semiconductor sectors.",
  "summary": "The long-awaited initial public offering of Unitree Robotics, which values the Hangzhou-based firm at 60.99 billion yuan (US$9 billion), is set to serve as a valuation benchmark for China’s booming embodied-AI sector, buoyed by retail investor excitement and high-profile AI backers like DeepSeek. Widely billed as “mainland China’s first humanoid stock”, Unitree has priced its IPO on Shanghai’s…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "SCMP Tech",
        "title": "Backed by DeepSeek, Unitree IPO tests investor appetite for China’s AI robotics boom",
        "url": "https://urgent.news/2026/08/07/backed-by-deepseek-unitree-ipo-tests-investor-appetite-for-chinas-ai",
        "published": "2026-08-07T04:23:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}