Jiangsu ranked second with five listings, followed by Guangdong and Anhui with two each, highlighting Zhejiang’s widening lead in both listing volume and fundraising scale.
Tongshifu’s heavy reliance on copper-based products also leaves earnings sensitive to fluctuations in metal prices.
This latest development also positions Manycore Tech as potentially the first public company focused on spatial intelligence globally.
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.
