The mogul, who launched a viral, 3-meter-tall transformable robot this year, has amassed a fortune of $2.4 billion derived from his equity stake.

Unitree Technology expects a valuation exceeding fifty billion yuan after its Shanghai IPO. The robot maker aims to raise funds for innovation and production expansion. This…

The offering is emerging as an early test of whether public markets will support the lofty valuations attached to China’s humanoid-robot sector