Lingoh Robotics, a Suzhou-based industrial robot maker, announced completion of its Series C funding round exceeding 100 million RMB, led by Chendao Capital, CATL's industrial investment platform.
Chinese banks are capitalizing on the IPO boom by launching wealth management products focused on new stock subscriptions, with major banks like China Merchants Bank and SPD Bank introducing dedicated sections on their mobile apps. Meanwhile, Unitree Robotics' IPO subscription is set for August 10.
China's central bank vows FX stability, US finds pecan dumping, BOJ hints at September hike, and AI-driven tech earnings surge. Major tech firms see strong demand and price moves.
Unitree Robotics' IPO retail tranche was oversubscribed 5,526 times per Bloomberg, signaling intense investor demand for robotics and AI.
Unitree Robotics announced the final online lottery rate of 0.0181% for its STAR Market IPO, priced at 150.8 yuan per share, with oversubscription triggering a mechansim shift.
West Lake Robotics, an embodied intelligence general brain company, announced the completion of its Series A round, less than a month after the previous close. The company raised a total of 500 million yuan across four rounds in six months, with investments from Sequoia, Xiaomiao Langcheng, and Henan Investment Group.
Unitree's IPO today revealed that DJI had invested early but exited in 2019, missing out on a potential stake worth billions. DJI declined to comment on the matter.
Unitree Robotics has officially commenced the online subscription phase for its IPO on Shanghai's STAR Market, marking the first public listing by a humanoid robot company in China. The offering has generated substantial interest due to its limited float and Unitree's market leadership, with analysts projecting an extremely low allotment rate.
Unitree Robotics begins its IPO subscription on the STAR Market today at 150.80 yuan per share, while key economic data and a Fed speech are scheduled.
Acorn Robotics has completed its angel round financing, co-led by China Merchants Group Ventures and NIO Capital, with Tsinghua Alumni Seed Fund participating. This follows a seed round of nearly 100 million yuan in March, bringing total funding to several hundred million yuan within four months.