Investors are showing a strong appetite for Unitree Robotics' initial public offering, reflecting growing optimism about China's ambition to turn its industrial chain strengths into commercially viable artificial intelligence applications in the physical world, market experts and investment banks said.

Chinese humanoid robot maker Unitree Robotics said on Thursday it had set the price for its initial public offering on Shanghai's STAR Market at 150.80 yuan ($21) per share, as…

Sponsor CITIC says Unitree could be worth over 50 billion yuan after its Shanghai listing, a milestone for China’s humanoid-robot leader as demand accelerates.