Hangzhou stories

Sep 9, 2026

Chinese AI startup DeepSeek taps CITIC Securities for Shanghai IPO preparation

DeepSeek has engaged CITIC Securities as an underwriter to prepare for an initial public offering on Shanghai's STAR Market, signaling the AI startup is advancing its domestic listing plans. The Hangzhou-based firm aims to begin the IPO process this year.

Sep 9, 20265 sources

Aug 7, 2026

Unitree Robotics Prices Shanghai IPO at $9 Billion Valuation, Creating China's First Humanoid Robot Billionaire

Hangzhou-based Unitree Robotics has priced its Shanghai IPO at 150.8 yuan ($22.34) per share, valuing the humanoid robot maker at approximately 61 billion yuan ($9.04 billion). The offering aims to raise $904 million through the sale of 40.4 million shares, with backing from AI company DeepSeek.

Aug 7, 20266 sources