Alibaba Group Holding LtdAlibaba backs Unitree, whose IPO success may yield investment gains.
Chinese humanoid robot maker Unitree surged about 600% on its market debut, valuing the company at around $50 billion as retail investors flocked to the IPO on the tech-focused STAR Market. The startup, which competes with Hyundai Motor Group-owned Boston Dynamics and Tesla, has backing from Tencent, Alibaba and DeepSeek, and at least a half dozen other Chinese humanoid robotics firms are preparing to go public. Meanwhile, U.S. Treasury yields remain near multi-decade highs but got some relief after a below-forecast industrial production report, with attention turning to the 20-year bond auction and minutes from the Federal Reserve's July meeting. Analysts point to a rising term premium on long bonds, near its highest in a decade, as investors demand compensation for debt sustainability uncertainties. Crude oil prices stayed elevated amid the Iran conflict, while the crack spread between crude and diesel futures hit a record high, signaling higher fuel costs ahead.
Alibaba Group Holding LtdAlibaba backs Unitree, whose IPO success may yield investment gains.
Astera Labs, Inc.
Lowe's Companies Inc
The TJX Companies Inc
Tencent Holdings LtdTencent backs Unitree, whose IPO success may yield investment gains.
Tesla IncUnitree's strong debut highlights competitive threat in humanoid robots.
Target Corporation
Yushu TechnologyUnitree surged 600% on debut, valuing it at $50 billion.
DeepSeek backs Unitree, whose IPO success may yield investment gains.
Unitree's successful IPO and valuation highlight competitive threat to Boston Dynamics in humanoid robotics.