News Summary

• China's Unitree Robotics is looking at a company valuation of as much as 50 billion yuan ($7 billion) for its planned initial public offering.
• Unitree's robots captured the popular imagination globally after the company released videos last year that showed them with human-like capabilities.
• The popularity of startups including Unitree and DeepSeek comes as China is investing billions of dollars in robotics, semiconductor and AI, amid an ageing population and growing competition with the U.S. over advanced technologies.