China's Unitree soars in market debut as investors bet on humanoid robots China's Unitree Robotics has soared in its market debut, a sign of investors' confidence in Chinese innovation in the burgeoning field of human-like robots. Shares of Unitree surged more than 620 percent on Wednesday as it began trading in Shanghai, lifting the Hangzhou-based company's market capitalisation to as high as 445 billion yuan ($66bn). Unitree, whose main competitors include China's AgiBot and US-based Tesla and Boston Dynamics, had priced its initial public offering at 50.8 yuan per share for a company valuation of about 61 billion yuan ($9bn). The landmark IPO marked the first listing of a humanoid robotics company in mainland China. Unitree, founded in 2016 by engineer Wang Xingxing, is one of China's leading makers of humanoid robots, with its demonstrations of human-like figures performing dancing and martial arts routines capturing widespread attention.

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Analysts project sales of humanoid robots could rise from $2bn in 2025 to $300bn in 2035. Analysts project sales of humanoid robots could rise from $2bn in 2025 to $300bn in 2035. Company's robots have gained global fame via videos of them performing martial arts and as dancers for pop stars EDTLast modified on Wed 19 Aug 2026 04.44 EDT Unitree, the world's biggest humanoid robot maker, has made a spectacular entry on to China's stock market, with its shares surging by more than 600%. The Chinese company's robots have gained global fame via viral videos of them performing martial arts, running at Olympic speeds and serving as backup dancers for pop stars. Photograph: Adek Berry/AFP/Getty ImagesShares in the business, officially known as Yushu Technology Co, rose to as high as 1,100 yuan (£120.39) on Wednesday, up from an IPO price of just 150.8 yuan.

What is Iran's Pickaxe Mountain? Crude oil and natural gas supplies have been disrupted worldwide by the United States-Israel war on Iran, but one energy sector appears to be cashing in - coal. This week, South Africa's thermal coal producer Thungela Resources said it had doubled its half-year profits as the war has forced more countries to buy the fuel. Mining it causes water pollution, and burning it releases enormous amounts of carbon into the atmosphere, which contributes to global warming. In recent months, several countries, especially in Asia, have reversed or delayed promises to scale back on coal production.

Image caption, Unitree's humanoid robots have been at the centre of a huge marketing push The world's biggest humanoid robot maker Unitree Robotics made its stock market debut in Shanghai on Wednesday, with its shares soaring by more than 600%. In the highly anticipated initial public offering (IPO), the firm's shares opened at 1,100 yuan (£120.60; The listing on the tech-focused Star Market - which is widely known as China's Nasdaq - marks a milestone for Beijing's ambitious plans for the country's robotics industry. It comes as the US and China are locked in a battle to dominate the global market for robots and artificial intelligence (AI) models that power them. Robots like automated industrial equipment and smart vacuum cleaners are already widely used in factories, warehouses and homes. Now, the humanoid robotics industry is attracting huge amounts of investment as major companies - including Tesla, BYD and Amazon - are developing two-legged machines capable of performing tasks usually carried out by people.

How U.S. military funding propelled China's robot dogs A child sits next to G1 humanoid robots produced by China's Unitree Robotics as he interacts with a Go2 robot, at a Unitree store in Beijing on Aug. 1. | REUTERS WASHINGTON - China's Unitree Robotics -- among the world's biggest producers of humanoid and quadruped robots -- based designs for its most successful robot dogs on innovations funded by the U.S. military, according to a former U.S. defense technology official and three top researchers involved in the project. Unitree's $1,600 Go2 model, launched in 2023, helped the company rapidly dominate the global quadruped robot market -- its Shanghai initial public offering has drawn frenzied demand. Another Unitree robot has been shown on Chinese state television, armed and accompanying People's Liberation Army (PLA) troops on an exercise. These robots draw on breakthroughs in quadruped movement financed by the U.S. DEVCOM Army Research Laboratory (ARL) and other military programs, the researchers and the former official said. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.

For years, the tech industry has portrayed Chinese AI development as an existential threat. The truth is not so straightforward. As China releases ever more capable AI models--ones that compete with Silicon Valley's top offerings--many American AI and national-security researchers have been arguing, loudly and forcefully, that the world should fear Chinese AI supremacy. The outcomes they envision are catastrophic. I spoke with a number of such experts recently, and they warned of bots that could devise an impenetrable missile-defense system that makes obsolete America's nuclear arsenal, or manufacture an endless drone army that overwhelms American defenses. They could develop bioweapons that "target specific ethnic groups, e.g.

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Z.ai's latest AI model release could help companies secure their systems--or find its way into the hands of hackers. Last Friday, the Chinese AI company Z.ai announced a powerful open-weight model that it says is capable of automating cutting-edge coding and cybersecurity tasks almost as well as the best publicly available models from Anthropic and OpenAI . The new model, GLM 5.3, could be a gift for companies looking to secure their systems against attacks, providing a cheaper way to scan for hidden bugs and other weaknesses. Open-weight--or free-to-download--models can be run on one's own hardware and are often significantly less costly than closed models like Claude and GPT. Alongside the new model, Z.ai released OpenVuln, a service for scanning code repositories for vulnerabilities using GLM 5.3.

China's Unitree unveils'Superman' robot as fervor builds ahead of Shanghai debut SHANGHAI/BEIJING - China's Unitree unveiled a new high-speed robot it dubbed "Superman" on Monday, days before becoming the first general-purpose robotics company to list on mainland China's stock market. Unitree, the world's biggest humanoid-robot maker by sales, will start trading in Shanghai on Wednesday after raising 6.1 billion yuan ($905 million) in an initial public offering last week. The company, based in the eastern Chinese tech hub of Hangzhou, said it developed the new robot in just over three months. It achieved a standing jump of 2 meters and reached a top speed of 12.66 meters per second. The Shanghai debut coincides with the opening of the World Robot Conference in Beijing, adding to investor attention on a company whose humanoid robots have drawn global notice for running, dancing and performing martial arts. The IPO was more than 8,000 times oversubscribed by retail investors, a record for Shanghai's tech-focused STAR Market.