Unitree surged 460% to ~$50B in Shanghai IPO, but demand comes from state-backed data centers
The Decoder · rss · 2026-08-20
Unitree Robotics rose 460% in its Shanghai IPO, hitting a valuation of around $50 billion, The Decoder reports citing the FT. But much of the demand comes from state-backed training centers that buy the robots and sell the resulting data back to the manufacturers — a circular business model that echoes the criticism leveled at Nvidia in the US.
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