Global markets were mixed as oil prices surged, chip stocks slumped, and tech giants made strategic moves. Key developments include new tariffs, IPO pricing, and AI model advancements.
Unitree Robotics announced its IPO on the STAR Market, with the founder's stake valued at over 20 billion yuan.
Global markets face a mixed start with chip stocks sliding, Alphabet announcing a $25B bond sale, and SoftBank beating expectations despite Vision Fund losses. Major moves include Unitree IPO pricing, DeepSeek price hikes, and Apple's DRAM purchases.
Unitree Robotics announced its IPO price of 150.80 yuan per share, determined through preliminary book building and comprehensive evaluation of market factors.
BoJie Co. announced that its stock surged over 20% cumulatively in three days, prompting a clarification that its involvement in photonics, semiconductors, humanoid robots, and other segments is in early stages and has no major impact on earnings.
Dianshi Tech, a robotics-related company, has announced that its capital increase project is currently listed on a property exchange to solicit investors. The company will disclose further progress as required by regulations.
Former DJI executive's startup Strutt has completed a Pre-A+ round, raising nearly $100 million cumulatively. Its autonomous wheelchair product EV1 has started overseas delivery, with a test-drive conversion rate near 50%.
Unitree Robotics will start its IPO subscription on August 10, while Deep Robotics has completed IPO tutoring, highlighting Zhejiang's dominance in China's embodied AI industry. The province hosts over 700 companies with a 2025 output of 106.8 billion yuan and leads in quadruped and humanoid robot markets.
Faraday Future (FF) announced four key measures to revive its market value, including spinning off its robot business for independent funding and a potential IPO. The company aims to return to its 2021 listing level within two years, backed by robot business milestones like 157 units shipped and a 2026 target of 1,500 units.
Despite years of government funding, three-quarters of UK manufacturing SMEs still don't use robots. The real barrier is a shortage of engineers who can program and integrate robotics, not the upfront cost.
PokeBot, a Chinese embodied-AI startup, has raised hundreds of millions of dollars in a pre-A round led by Shunwei Capital and Matrix Partners. The company is developing household robots for tasks like clothes folding and cooking, with a recent demo showing autonomous mapo tofu preparation in nine minutes.
Changying Precision has established a new robot subsidiary in Yibin, Sichuan, with a registered capital of 10 million RMB. The move aims to expand its robotics business and better serve the southwest region's growing demand for automation.
Lingxin Qiaoshou, a leading dexterous hand maker, has registered a new subsidiary in Hangzhou to strengthen its presence in East China. The move aims to tap into local robotics resources and enhance R&D and supply chain capabilities.
Faraday Future announced key measures to restore its market value to 2021 levels within two years, including locking the minimum conversion price of existing notes and exploring independent financing for its robotics business.