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Unitree Robotics IPO sparks investor frenzy as policy support fuels capital rush, with sector’s future value tied to continued commercialization_我的网站

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一 |     

Unitree Robotics' humanoid robot is displayed at the 14th China Information Technology Expo in Shenzhen, South China's Guangdong Province, on April 10, 2026. Photo: VCG
    Unitree Robotics' humanoid robot is displayed at the 14th China Information Technology Expo in Shenzhen, South China's Guangdong Province, on April 10, 2026. Photo: VCG
With just one day to go before Chinese humanoid robotics pioneer Unitree Robotics opens subscriptions for its initial public offering (IPO) on Shanghai's STAR Market, investor attention has extended far beyond the company itself, highlighting a broader capital-market rush into embodied intelligence as the sector moves from technological breakthroughs toward commercialization.
As of press time, discussions surrounding the IPO have pushed the topic to the top of trending lists across multiple stock trading platforms. The debate has focused on Unitree Robotics' disclosed short-term financial performance, as well as the potential opportunities for investors from China's policy push to include embodied intelligence and humanoid robots among key areas of medium- and long-term technology and industrial development.
Experts said the wave of IPOs among robotics companies, including Unitree Robotics, represents a shift that allows robot makers to engage more directly with public markets and investors. It also brings companies at different stages of development and pursuing different technological paths into a common valuation framework, promoting market comparisons and competition.
At the same time, the capital-market boom is likely to accelerate a shakeout, separating companies capable of building sustainable business models from those that struggle to turn technological advances into commercial returns.
On Thursday, Unitree Robotics released its announcement on the IPO of shares and listing on the STAR Market. According to the announcement, the offering price was set at 150.80 yuan per share, valuing the company at approximately 61 billion yuan ($9.04 billion) upon listing. 
Secondary-market professionals told the Global Times that demand for Unitree Robotics' IPO subscription could be extremely high, meaning the chances of individual investors securing shares are likely to be very limited.
Robotics is currently one of the few categories that can translate AI capabilities into tangible assets with relatively comparable valuation metrics, creating a unique advantage in valuation narratives. This scarcity is one of the key factors drawing the attention of both large and small investors, Tian Feng, former dean of SenseTime's Intelligence Industry Research Institute, told the Global Times on Sunday.
Unlike large language model companies, whose capabilities are often assessed through benchmarks and demonstrations that are difficult for ordinary secondary-market investors to directly evaluate, robots offer visible and verifiable evidence through tasks such as grasping, walking and dexterous manipulation, Tian said. This tangible demonstration of "embodied" intelligence naturally creates a valuation premium in market narratives, he added. 
Tian cautioned that extreme subscription figures, such as RobotHoenix's 14,855-fold oversubscription on its listing and LDRobot's 127.62 percent first-day share price surge, were driven by a combination of institutional advantages and sector scarcity rather than serving as evidence of the commercial validation of robotics products. He noted that there is no direct correlation between oversubscription multiples and the certainty of product deliveries or commercialization prospects. 
Beyond Unitree Robotics, a broader financing boom in China's robotics industry has also gained significant momentum, with the Hong Kong Stock Exchange emerging as the main battleground for this latest IPO wave.
Citing industry data provider Wind, the China STAR Market reported that five robotics-related companies have gone public in Hong Kong so far in 2026. Meanwhile, 51 companies with businesses spanning industrial robots, service robots and embodied intelligence solutions are currently in the IPO pipeline in Hong Kong, accounting for 12.7 percent of all companies awaiting listing.
According to data from IT industry research platform ITjuzi.com, financing in China's embodied intelligence sector totaled 93.5 billion yuan in the first half of 2026, surpassing 90 billion yuan and marking a fivefold increase from the same period in 2025. The number of financing deals reached 322, up 137 percent year-on-year. 
Tian said that while policy support and clearer commercialization pathways are boosting confidence in the sector, the latest IPO wave should also be viewed through a more cautious lens. The surge comes partly as the primary market's ability to continue funding embodied intelligence companies faces limits, prompting firms to seek new liquidity channels through public markets, rather than solely reflecting a dramatic leap in industrial maturity.
As emerging technology sectors increasingly become the focus of public attention, more objective and professional analysis is also needed to help investors assess companies' technological capabilities, commercialization prospects and long-term value, rather than simply following market enthusiasm, Chinese experts noted.
。    都说“港圈”、“沪圈” ,但其中最惹人关注的还是“京圈”,买下北京的一条街,出门就有私人飞机接送。“京圈”不仅有一群太子爷,但还有一群京圈富婆。

二 | 她们虽然低调,但生活的还是相当奢华,那么她们都谁?01陈丽华说起陈丽华,大家可能有些陌生,但如果提到当初饰演唐僧(迟重瑞)的丈夫你可能就知晓了。陈丽华家族显赫,是满族的正黄旗,出生就在颐和园内。

三 | 虽然是名门贵族,但家境普通,早先只是一个打工的,但她并不甘于平凡。

四 | 每天都在努力工作和学习经营方式,出于对紫檀的喜爱,用自己所有的钱开了一家家具店。很快就赚到了创业的第一桶金,她凭借自己的商业嗅觉,进军房地产行业,靠着自己的努力积累了大量的财富。有了钱之后,陈丽华并不满足于现状,从长安街到王府井就没有陈丽华拿不下的项目。1998年陈丽华创建了自己的公司“富华集团”,接下了金宝街的巨大项目,这也使得自己走向通往巅峰的道路。陈丽华凭借自己的能力,仅在一个月内就劝导了2500户人家搬家拆迁,她用了十年的时间花了四十亿,就打造成为了一个豪车的聚集地。

五 | 更是扩大了自己的商业帝国,她每年靠着街上的店铺就能进账几十亿。

六 | 她不仅事业有成,还嫁给了当时万千少女梦寐以求的对象“唐僧”,而陈丽华还比迟重瑞大了11岁,可谓是真正的爱情事业双丰收。她曾经接受采访说过,此前没有人在故宫住过,自己却在故宫睡了两晚。而她对于紫檀的喜爱超乎想象,自己耗费2亿打造了一个私人博物馆,许多人慕名而来,就连鲁马尼亚总理也会前去欣赏。如今的陈丽华已经83岁了,虽然平时注重身体的健康,但毕竟上了年纪,已经很少出现在大众的视野了。

七 | 但她却已经立好遗嘱了,儿女每日分得100亿,剩下的全部分给了老公迟重瑞。02张兰张兰是大S的婆婆,当初对男人挑剔的大S之所以会闪婚,就是因为有这样的婆婆。上世纪八十年代,她出国去加拿大打黑工赚钱,非常辛苦同时还要打6份工,每天都要工作16个小时。在赚够钱后她第一时间选择了回国发展,凭借着自己的头脑和经验,在餐饮行业混的风生水起,创办了“俏江南”。还将直到拿下奥运会的项目才使得她真正的飞跃。只可惜张兰被人做了局,导致自己这个创始人被上市公司一脚踢开。可她却并没有就此沉沦,而是靠着毒辣的眼光。察觉短视频的兴起将事业和八卦重新玩的风生水起,凭借一己之力重新让儿子成为了富二代。如今的她还是会直播带货,但由于长时间的工作压力大,导致她患上了白癜风,但好在治疗及时,称自己的病已经得到了控制。03韩雪韩雪作为娱乐圈有名的人物,可她的出身并不简单,父亲不仅是工程师,母亲还是一名军医,而爷爷则是一名老红军。韩雪从小便在军区大院长大,5岁就已经可以坐私人飞机出门了。但家教却很是严格,每天吃饭睡觉都是有规定的,但从小到大韩雪用的东西都超越普通人的想象。

八 | 进入娱乐圈后,韩雪也是非常有原则的,会果断拒绝一些特殊的要求,更被称为“京圈公主”。而她本人却非常奢华,就连上节目所带的首饰都被观众们扒出,是比较低调的奢侈品品牌,均价在5位数左右。就连当初做活动所带的戒指都是8位数,全世界仅有一颗。

九 | 而她的婚姻也十分美满,18岁就与商界巨鳄万山结婚,住在3.5亿的别墅里,占地五千平米。24岁韩雪年纪轻轻就身家过亿,在这背后都有不少他老公的支持,婚后他万山也并没有阻止韩雪继续在娱乐圈里混。生活优渥的她也没有忘记帮助一些人,还在武汉Y情期间捐出100万元,在21年河南暴雨期间低调捐款。如今41岁的她保养的十分好,生活的也非常优渥,不仅经常活动在大银幕面前,还参演了年底播出的《黑白森林》。04宋丹丹宋丹丹这个名字大家都不会陌生,过年的春晚基本都不会少了她的名字,她的表演得到了许多人的认可,然而,她曾经可是根正苗红的京二代。从小生活在部队大院,虽然生活的环境很好,但是她从小学习并不好。曾经两次高考落榜,于是她选择了另一条路,追寻自己的梦想,终于她考上了人民艺术剧院的训练班。她并没有依靠自己的身份寻求特殊照顾,而是努力训练有了扎实的基础,让她出演了不少影视作品。更让她成为了剧院的台柱子,但真正让她成名的还是在小品领域。成名后的她并没有局限于表演领域,还活跃于影视制作和商业投资之中,使她成为了亿万富婆。

十 | 在北京有一座上亿的豪宅,客厅的装修摆满了大师的作品,就连餐厅都可以同时容纳20人用餐。如今的她已经很少出现在银幕之上,虽然在24年参加了《五十公里桃花坞4》,但在平日的生活中却是低调,还曾被粉丝拍到一人前往商场买东西。而宋丹丹在舞台上她是“小品女王“,在台下她是一位商业上的女强人。这些京圈的富婆们,有的白手起家或是拥有厚实的家底。但她们都有一个共同的特点,那就是不甘于现状。但也因为这一点才有了她们如今的成就,只有将命运握在手中,才能做成一番事业。参考文献:钱江晚报:张兰在直播中首次自曝额头和脖子上出现白斑,并确认自己患上了白癜风中新网:韩雪否认因家庭背景走红:我的父母都是普通军人新京报:唐僧”老婆,如何一路做到女首富?百度百科:宋丹丹、张兰、陈丽华、韩雪。

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