Dobot

Unitree Robotics, the Hangzhou maker of quadruped and humanoid robots that listed on Shanghai's STAR Market in August 2026, now earns more from humanoids than from robot dogs. Its filings show 73.6% of humanoid revenue in the first nine months of 2025 came from research and education buyers, the central question for a company worth about RMB61 billion at its issue price.

Mech-Mind Robotics Technologies priced its Hong Kong listing at HK$101.70 per H share, the top of its HK$95.30 to HK$101.70 range, raising gross proceeds of HK$2,353.4 million before any over-allotment, according to its allotment results announcement. The Hong Kong public tranche was subscribed 3,835.36 times and the international tranche 13.39 times, and dealings in stock code 09615 were set to begin at 9:00 a.m. on September 1, 2026.

Rokae (Shandong) Robotics Group began trading on the Hong Kong Stock Exchange Main Board under code 3752 on 9 July 2026 after selling 23,031,900 H shares at a fixed HK$38.00, for gross proceeds of HK$875.2 million. The Hong Kong public tranche was subscribed 156.58 times and the international tranche 11.96 times, and a full over-allotment exercise on 5 August took the total raised to about HK$1,006.5 million.

Hong Kong-listed cobot maker Dobot grew 2025 revenue 31.7% to RMB492.2 million, with embodied AI robots rising to RMB20.0 million from RMB3.9 million. Its net loss narrowed to RMB84.0 million, but the adjusted loss widened to RMB49.6 million as 39.3% of research spending went to embodied AI.

Hong Kong-listed warehouse robot maker Geek+ reported 2025 revenue of RMB3.17 billion, up 31.6%, and its first full-year adjusted net profit of RMB43.8 million, while its IFRS loss narrowed to RMB10.4 million. The United States became its largest single market and new orders rose 31.7% to RMB4.14 billion as the company pushes a warehouse foundation model and a wheeled humanoid toward production.

Chinese collaborative robot maker Guangdong Huayan Robotics began trading in Hong Kong under code 1021 on 30 March 2026 after pricing its H shares at HK$17.00 and raising HK$1,579.34 million gross. The retail tranche was subscribed 5,059.38 times, while preliminary 2025 results showed revenue up 24.6% to RMB386.9 million and a net loss of about RMB29.9 million.

OneRobotics, the Shenzhen company behind the SwitchBot smart home robots, began trading in Hong Kong on December 30, 2025 after pricing its H shares at HK$73.80 and raising gross proceeds of HK$1,640.01 million. The retail tranche was 254.50 times subscribed. The company sells most of its products in Japan and turned profitable only in the first half of 2025.

The National Development and Reform Commission said on November 27, 2025 that China now has more than 150 humanoid robot companies, over half of them start-ups or entrants from other industries, and that it must guard against near-identical products flooding the market. The agency said it will build industry standards plus entry and exit rules for embodied AI, even as listed and private robot makers raised billions in the same weeks.

UBTech Robotics agreed on 25 November 2025 to place 31.468 million new H shares at HK$98.80, raising about HK$3.11 billion, and earmarked 75% of the net proceeds for investing in or acquiring upstream and downstream companies. Eight days earlier the Shenzhen company said its Walker S2 industrial humanoid had entered mass production and delivery, with orders since the start of 2025 above RMB800 million.

AgiBot's acquisition vehicle Shanghai Zhiyuan Hengyue and a concert party now hold 63.6232% of Swancor Advanced Materials after holders tendered 135,663,336 shares at RMB7.78 in a partial offer that closed on 28 October 2025, Swancor disclosed on 30 October. With share transfers registered in September, the stake cost about RMB2.0 billion, and the filings say the buyer has no explicit plan to change Swancor's business within 12 months.

Beijing Yunji Technology raised HK$659.6 million in gross proceeds and began trading in Hong Kong on 16 October 2025 after retail investors subscribed for 5,657.20 times the shares on offer. A Suzhou state-owned vehicle took 39.83% of the deal, leaving a small free float behind the frenzy for a company that still loses money and earns most of its revenue from hotels.

Beijing Geekplus Technology began trading in Hong Kong on July 9, 2025 under code 2590 after selling 161,405,800 H shares at HK$16.80, raising gross proceeds of HK$2,711.62 million. The retail tranche was subscribed 133.62 times and the international book 30.17 times, while four cornerstone investors led by Xiong'an Intelligent Robotics took about 26% of the deal.