Tesla Optimus Rival Unitree Robotics Targets $7 Billion Shanghai IPO With Alibaba-Tencent Backing: Report – Alibaba Gr Hldgs (NYSE:BABA), Tencent Holdings (OTC:TCEHY)

China’s Unitree Robotics is pursuing a $7 billion valuation for its initial public offering, positioning itself as a potential market leader in humanoid robotics technology as Beijing accelerates investment in advanced manufacturing.

Strategic High-Profile Backing

Unitree’s founder, Wang Xingxing, attended a rare meeting with President Xi Jinping in February alongside DeepSeek executives, signaling government support for the robotics sector.

The company secured backing from tech giants Alibaba Group Holding Ltd. BABA and Tencent Holdings Ltd. TCEHY, plus automaker Geely Holding Group in June.

The Hangzhou-based company plans to list on Shanghai’s STAR Market in the fourth quarter of 2025, Reuters reported, citing sources.

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Market Position And Competition Advantage

Unitree sold 23,700