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What is Unitree and why are China's humanoid robot makers racing to list?
What is Unitree and why are China's humanoid robot makers racing to list? Remotely-controlled Unitree humanoid robots take part in a fight during the World Artificial Intelligence Conference in Shanghai on July 18. | AFP-JIJI Beijing - Chinese robot maker Unitree has priced its Shanghai initial public offering at 150.80 yuan per share, seeking to raise 6.1 billion yuan ($904 million) in a deal that would see it become the first mainland-listed humanoid robot manufacturer. Unitree said its retail tranche was more than 8,000 times oversubscribed, underscoring intense investor enthusiasm in China for humanoid robotics. The following is a look at Unitree and why it is leading several Chinese robotics companies toward public listings. 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.