Every funding round, launch and paper, as it's reported.
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.
Zhuhai-based Amicro, which designs robot-specific chips, sensors and navigation software for cleaning and service robots, published its post-hearing information pack on the Hong Kong exchange on 30 September 2026 and is seeking a Main Board listing under Chapter 18C. Revenue rose 42.3% to RMB406.7 million in 2025 on more than 3.5 million solution sets sold, while the net loss widened to RMB155.1 million.
Direct Drive Tech, which makes direct-drive motor modules for household and wheel-legged robots, raised HK$1,080.0 million when it listed in Hong Kong on 29 September 2026. Robot-vacuum sensor supplier Camsense followed on 30 September with HK$682.0 million after retail investors oversubscribed its public tranche 3,546.91 times. Both companies depend on five customers for more than 80% of sales, their filings show.
Global humanoid robot shipments reached nearly 25,000 units in the first half of 2026, up 432.1% year on year, with market value above $740 million, IDC said on September 29. China took about 77.9% of shipments, Chinese vendors supplied more than 95%, and IDC raised its 2030 forecast by about 50% to more than 750,000 units.
AGIBOT and Chimelong Group opened Chimelong Spaceship Park in Hengqin, Zhuhai, on 24 September 2026 with more than 300 AGIBOT humanoids and quadrupeds working daily at over 100 interaction points. AGIBOT handed over its 20,000th production robot, an Expedition A3 Ultra, 88 days after its 15,000th, and the partners launched a joint research institute and a 5G-A network with China Mobile.
D-Robotics, the robot-chip business Horizon Robotics stopped consolidating in March, said on 17 September 2026 it had closed a US$400 million Series C without naming a single investor or a valuation. The company says it has shipped more than 8 million Sunrise chips and that its newest S600 part won more than 20 robot customers within six months, including UBTECH, Fourier and Booster Robotics.
Excelland Robotics (Wuxi), ranked third in China's commercial service robot market, began trading in Hong Kong on 9 September 2026 after pricing 45 million H shares at HK$14.45, the bottom of its range, for gross proceeds of HK$650.2 million. Retail investors subscribed 140.02 times while the international tranche was covered only 0.99 times, and the prospectus shows a 2025 loss of RMB110.8 million on revenue of RMB317.7 million.
XPeng said on September 8, 2026 that its IRON humanoid robot has started coming off a production line with more than 80% of core processes automated, ahead of mass production at the end of 2026 and deliveries in 2027. Two weeks earlier its robotics subsidiary Dogotix agreed to raise more than US$900 million at a post-money valuation above US$6.3 billion, including US$600 million from IDG Capital, Alibaba, Tencent and Gaorong Ventures.
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.
UBTech Robotics said revenue doubled to RMB1,269.1 million in the six months to June 30, 2026, driven by RMB590.3 million of full-size humanoid robot sales, up from RMB38.2 million a year earlier. The Hong Kong-listed company sold 921 Walker-class units and narrowed its loss for the period by 23.0% to RMB338.8 million, while one customer accounted for 24% of revenue.
A Tsinghua University team working with ByteDance Seed and China Agricultural University published a reinforcement learning controller in Science Robotics on August 19, 2026 that links a humanoid's camera directly to its legs. On Booster Robotics' T1, the authors report a 46% cut in ball-position error, up to 64% faster time-to-kick and about 90% kick success in frontfield positions, with no real-world fine-tuning.
Unitree Robotics began trading in Shanghai on August 19, 2026 under code 688836 after selling 40.4 million new shares at RMB150.80, raising gross proceeds of RMB6,099.32 million. The issue price values the Hangzhou humanoid and quadruped maker at about RMB60.99 billion, or 219.23 times 2025 earnings, against an industry average of 38.56 times cited in its own listing document.
China's industry ministry said on July 20, 2026 that more than 230 companies have released over 400 embodied AI robot models and that full-year output of complete machines is expected to exceed 100,000 units. Official data show industrial robot output rose 28% in the first half and 29.0% to 729,352 sets in the first eight months, as Beijing pushes humanoids into real factories through a joint programme with the state asset regulator.
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.
China's industry ministry and its state-asset regulator have launched a 2026 special action that requires each provincial region to open at least 20 real-world training scenes and each central state-owned enterprise at least 10. The notice, dated June 3 and published June 8, sets a year-end goal of more than 100 high-value application scenarios and the ability to deploy humanoid and embodied AI robots at a scale of tens of thousands of units.
UBTech Robotics said on April 24 that it had completed the transfer of shares tendered in its partial offer for Zhejiang Fenglong Electric, taking its holding to 93,979,906 A shares, about 43.01% of the company. The Hong Kong-listed humanoid maker paid RMB17.72 a share in both steps of a deal worth up to RMB1.67 billion and later amended terms to nominate seven of eight Fenglong directors.
The 2026 Beijing E-Town humanoid half marathon on April 19 drew more than 100 robot teams from 13 provinces, against five provinces a year earlier, and about 40% of robots navigated on their own. The winning robot, Lightning of the Qitian Dasheng team, finished the 21.0975-kilometre course in 50:26 while the men's human winner ran 1:07:47, according to the Beijing municipal government.
Shanghai-based AgiBot told its 2026 partner conference on April 17 that revenue grew from RMB300,000 in 2023 to more than RMB1 billion in 2025, and that its ten-thousandth robot had rolled off the line this year. The company launched four hardware lines including the full-size Expedition A3, six models and a five-year ecosystem programme worth more than RMB2 billion.
UBTech Robotics said in its 2025 annual results that revenue from full-size humanoid robots rose 2,203.7% to RMB820.6 million on 1,079 units, lifting group revenue 53.3% to RMB2.0 billion. The net loss narrowed to RMB789.8 million, while three share placings raised RMB5.78 billion to fund capacity for more than 6,000 robots a year.
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.