Unitree's impending IPO draws Meituan and Tencent as investors

<p class="P1" data-sourcepos="5:1-5:389;111-499">Chinese robotics company Unitree is entering a critical stage in its initial public offering. The IPO is expected to raise about CNY4.2 billion (approximately US$622 million), while the company's post-listing valuation could range from CNY40 billion to CNY50 billion. It would become the first company on China's A-share market whose primary investment theme is humanoid robotics.