Unitree files for IPO on Shanghai’s STAR Market, aims to raise $610M
Unitree’s IPO bid follows the success of Shenzhen-based UBTech, which was the first humanoid robotics company to list on the Hong Kong Stock Exchange in late 2023.
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Xiaomi founder praises early bet on Unitree at spring product launch
Unitree’s early years coincided with a difficult fundraising environment for bionic robotics. Shunwei was one of the first prominent VCs to back the startup.
Imaging pioneer Diagens starts HK share sale to tap medical AI market
Founded in 2016, Diagens develops a mix of medical imaging software, devices and related services designed to enhance diagnostic efficiency and clinical quality.
Robot hand startup Xynova snags pre-Series A funding amid embodied AI race
A proprietary new manufacturing facility is entering ramp-up production, with annual capacity expected to exceed 10,000 dexterous hands and 200,000 miniature actuators by year-end.
Nowwa Coffee breaks ground on automated roastery in Ningbo
This investment comes as Nowwa Coffee pursues its aggressive expansion strategy, aiming to open more than 10,000 stores in the coming years.
Wenzhou bets on one-person startups as AI boom redefines entrepreneurship
The initiative reflects a growing belief among Chinese policymakers that AI tools can dramatically lower the barriers to starting and scaling companies.
Alibaba revenue grows 9% in Q3 2026 on cloud and AI boom
Alibaba’s AI division made notable strides, with its consumer-facing product, Qwen, surpassing 300 million monthly active users.
Geely’s 2025 revenue leaps 25%, but profits remain flat amid rising costs
However, profits point to a mixed picture. Despite the stellar revenue growth and record sales, Geely’s net profit in 2025 stood at 16.63 billion yuan.
Hangzhou rolls out $7M loan-interest subsidy coupons for tech firms
Coupons will be issued in 10 denominations ranging from 5,000 yuan to 200,000 yuan, allowing firms of different sizes to match subsidies with borrowing needs.
Unitree founder sees ‘ChatGPT moment’ for humanoid robots still 1-2 years away
He favors world-model approaches over Vision-Language-Action (VLA) models, arguing they can leverage vast online data for higher performance.