Unitree’s IPO cleared: the $10k humanoid that ate the competition

From loss to 600m profit Three years ago the company was loss-making; two years ago quadrupeds were its only revenue. Now humanoids are half the business, with 2025 net profit hitting 600 million yuan. Revenue grew tenfold from 159 million yuan in 2023 to 1.7 billion yuan in 2025, while gross margin rose to 60.4 … Read more

Two Chinese humanoid bets: Unitree’s $10k ‘cyber Wuling’ vs UBTech’s $140k ‘cyber Hermes’

Unitree’s Fordism Unitree’s playbook is pure cost crushing. Its G1 launched at $13,500, a category-redefining price for a 30-plus-degree-of-freedom biped. Where Boston Dynamics’ Atlas costs millions and Tesla’s Optimus keeps slipping on North American supply chains, Unitree leans on a decade of quadruped volume to self-produce core components at scale. The 4.2 billion yuan raise … Read more

LimX Dynamics closes $200m pre-IPO round, Shenzhen humanoid maker now valued at $2.1bn

The round drew top-tier global capital from China, Europe, the Middle East, North America and Southeast Asia. New investors include IDG Capital, Lens Technology, G.G.G. Group, Redstone VC, Huashan Capital and Hefei Binhu Industrial Development Group. Returning backers such as Nio Capital and Oasis Capital increased their stakes, with UAE’s Stone Venture following on across … Read more

We Walked 100+ Robot Booths at WAIC 2026. The Tipping Point Is Real.

The shift at WAIC 2026 was not in any single product but in the script. Past editions debated what humanoid robots were even for. This year the answer was stacked on the booths: humanoids moving totes in warehouses around the clock, picking among 3,000 pharmacy SKUs, putting a Coke in the fridge and a dirty … Read more

China’s AgiBot Files for Hong Kong IPO as the Humanoid Race Hits the Capital Markets

The humanoid-robot sector has entered its capital-realisation phase. AgiBot has confirmed it has launched the process for a Hong Kong listing, and it timed the announcement to land on the very day the exchange’s new listing rules took effect. The message was not a surprise. Rumours of an IPO have circulated for half a year. … Read more

US Adds Chinese Humanoid and Quadruped Robots to Its Controlled List

On July 28, the US Federal Communications Commission updated its “Covered List,” adding foreign-made advanced robotics — humanoids and quadrupeds — and grid-tied power inverters. The stated rationale was familiar: supply-chain vulnerabilities, cyber risk, threats to critical infrastructure. Officially the rule names “foreign-made” equipment. But Reuters, the BBC and Politico all put China in the … Read more

China’s Robot Supply Chain Is Suddenly Drowning in Orders

China’s robot sector is shifting from concept hype to order ramp and profit realisation. Half-year 2026 results show the whole chain — from core parts to whole-machine integration — taking off at once. The Ministry of Industry and Information Technology says that from January to May, industrial-scale robot enterprises booked revenue above 90 billion yuan, … Read more