What is Unitree and why are China’s humanoid robot makers ra...BusinessLearn what Unitree is and why China’s humanoid robot makers are rushing to list, including IPO details, backers, profits, risks, and the race to dominate embodied intelligencePeople rest near Unitree's G1 and R1 humanoid robots on display at a Unitree store in Beijing, China August 10, 2026. (Reuters)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 IPO values Unitree at 219 times its 2025 earnings and 36 times sales. Founded in 2016 by engineer Wang Xingxing, Hangzhou-based Unitree first became known for relatively inexpensive quadruped robots - or robot dogs.