Shanghai IPO
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Unitree clears key hurdle to Shanghai IPO as China’s humanoid robot wave gathers pace
Unitree clears key hurdle to Shanghai IPO as China’s humanoid robot wave gathers pace Listing plan highlights Unitree’s push to invest more in robot ‘brains’ as it joins competitors in China’s humanoid rush The Hangzhou-based company filed to list on Shanghai’s Star Market on March 20. Following two rounds of regulatory inquiries and an on-site inspection, the hearing approval opens the door for the IPO to proceed to registration and issuance. Unitree said it aimed to raise 4.2 billion yuan...
Chinese memory makers step up challenge to Korea’s chip champions
Chinese memory makers step up challenge to Korea’s chip champions CXMT and YMTC are nearing public listings, giving China’s memory-chip sector fresh firepower in its pursuit of Samsung and SK Hynix This article was first published by The Korea Times in a partnership with the South China Morning Post. Two of China’s leading memory-chip makers are moving closer to public listings, posing a significant long-term challenge to South Korean giants Samsung Electronics and SK Hynix, despite a...
CNBC's The China Connection newsletter: Humanoid robots are great, but they need buyers too
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses. Humanoids are popping up everywhere, even reshaping a smartphone manufacturer.
Nvidia picks Unitree for humanoid robot platform as Chinese startup eyes IPO
Nvidia has selected Chinese humanoid robot maker Unitree for the first robotics system the U.S. chipmaker is selling to researchers from Stanford to ETH Zurich, the company announced Monday. The system combines Unitree's nearly 6-foot-tall H2 humanoid robot with Nvidia's Jetson Thor hardware, which includes the company's advanced Blackwell GPU for on-device artificial intelligence capabilities. Nvidia's humanoid-focused AI models, known as Isaac GR00T, and simulation systems are part of the...
Asian stocks take another hit from AI, Middle East worries
Asian stocks take another hit from AI, Middle East worries HONG KONG: Asian equities went into reverse on Friday (Jun 5) on continued worries about the artificial intelligence trade after disappointing forecasts from chip titan Broadcom, while investors were also keeping a wary eye on stuttering Middle East peace efforts. After leading several markets to record highs this year, technology firms are facing selling pressure on concerns that the eye-watering sums pumped into AI may have been...
Hong Kong's IPO boom is developing a performance problem
BEIJING — Hong Kong may be the top market globally for initial public offerings, but it also suffers from a growing trend of weak stock performance from those debuts. The Hong Kong exchange was first in the world by IPO funds raised last year — besting the New York Stock Exchange and the Nasdaq, which came second and third respectively — according to KPMG, which noted that strong momentum in 2025 continued in the first quarter of this year. More than 600 companies are waiting to list on the...