Chen Jiahe, chief investment officer at Novem Arcae Technologies, added that while China’s tech firms have strong growth potential, the current wave of startups is “too crowded”.
But investor appetite remains undeterred.
Wang was among a select group of top Chinese business leaders – including some of tech’s biggest names like Alibaba founder Jack Ma – who attended a rare meeting with President Xi Jinping in February, amid intensifying competition with the United States over advanced technologies.
Few outside China took notice at the time, but the meeting instantly raised Wang’s profile – the 35-year-old was the youngest tech executive present.
The gathering was widely seen as a signal that robotics has captured the attention of China’s top leadership.
In China, such gestures often foreshadow where the next wave of state support may flow, said observers.
“The tech industry, like other sectors that are closely tied to China’s broader economic development, will likely get long-term, all-around policy support,” said Shen Meng, a director of investment bank Chanson & Co.
Chinese companies such as Unitree and AI startup DeepSeek, which demonstrate global competitiveness and influence, “are exactly the kind of firms the financial and capital markets are expected to back”, he added.
“This is because one such company can drive and grow an entire supply chain around it.”
FAST-RISING TECH SECTOR
Observers said Wang is known for his focus on cutting costs to make his robots more affordable and accelerate their adoption.
He reportedly scrutinises every aspect of production – down to individual components – to reduce expenses.
But doubts remain about their practical usefulness beyond novelty appeal.
https://www.channelnewsasia.com/business/china-robotics-unitree-ipo-tech-startup-investment-listing-stock-market-5449416
