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Wang Xingxing leads Unitree as the world's largest humanoid robot maker lists on Shanghai's STAR Market

Wang Xingxing, the founder and CEO of Unitree, led the company's successful market debut on Shanghai's STAR Market this week. The Hangzhou-based robotics firm, which is the world's largest seller of humanoid robots, raised $900 million during its initial public offering. Unitree has gained national prominence through its dancing and kung-fu fighting androids, which were featured prominently in China's annual Lunar New Year gala. Despite the high valuation, Wang Xingxing noted that the industry is still far from a major breakthrough, estimating that a "ChatGPT moment" for humanoid robots could take between 2 to 10 years. He highlighted that while current robots are impressive, they still require retraining for every new task and are less efficient than human workers. To address these limitations, Unitree is developing a self-evolving development loop to improve precision. The company faces future challenges, including a US government blacklist and new import restrictions on humanoid robots from foreign manufacturers, which may impact its overseas sales.

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