Source: Tech – South China Morning PostUnitree Robotics, a Hangzhou-based maker of quadruped and humanoid robots, has filed for an initial public offering (IPO) on Shanghai’s Star Market, seeking to raise 4.2 billion yuan (US$610 million) as revenue and profits surge on the back of rising interest in embodied artificial intelligence.
The listing application has been formally accepted by Shanghai’s exchange following a “preliminary review” on Friday.
The 10-year-old company recorded revenue of 1.71 billion yuan last year, up 335 per…Read More