Chinese startup Unitree Robotics on Friday filed an initial public offering application to the Shanghai Stock Exchange, seeking to raise 4.2 billion yuan ($610 million), according to the prospectus, in a test of investor interest in humanoid robots.
Unitree’s robots were the star of Chinese state media’s Spring Festival gala last month, which featured a technically ambitious martial arts sequence performed by over a dozen humanoid robots twirling swords and nunchucks alongside human dancers.
The robots’ complex choreography, complete with mid-air somersaults, displayed clear mechanical advances compared to their dance performance on the same TV programme last year.
Unitree’s IPO would be one of China’s biggest onshore tech listings in years, and comes as Beijing steps up efforts to support its tech champions in tapping capital markets for their funding needs.
Unitree’s operating income grew 335% year-on-year in 2025, reaching 1.708 billion yuan, its prospectus said, while its net profit soared by 674%.
