China Mobile Capital is a corporate venture capital firm based in China. China Mobile Capital has deployed $50M in robotics investments. Its humanoid robotics portfolio includes Unitree Robotics. Focus areas include telecom, digital services, AI, IoT.
Round size: Undisclosed
China Mobile Capital is a corporate venture capital firm based in China. China Mobile Capital has deployed $50M in robotics investments. Its humanoid robotics portfolio includes Unitree Robotics. Focus areas include telecom, digital services, AI, IoT.
In 2026, China has emerged as the global leader in humanoid robotics with two giants—Agibot and Unitree Technology—each surpassing 10,000-unit shipment milestones, collectively accounting for the majority of over 22,000 global humanoid robot shipments. Eight additional Chinese unicorns valued at over 10 billion yuan each are competing with differentiated technical approaches, from full-stack self-development to tactile perception hardware, while China's supply chain advantage enables rapid mass production at competitive price points.
Eleven leading robotics companies including Unitree Robotics, Deep Robotics, Leju Intelligent, Dobot, Standard Robots, Youibot, and Galaxies are accelerating their IPO processes on Chinese and Hong Kong stock exchanges as the embodied intelligence sector enters a critical period of transitioning from R&D to commercial monetization. Unitree Robotics is set to become the first A-share humanoid robot stock after raising 6.099 billion yuan at a 61 billion yuan valuation, while others pursue listings through various routes including ChiNext, Shanghai Stock Exchange, and Hong Kong's 18C special technology listing rule.
Unitree, a Chinese humanoid robot maker founded in 2016, has priced its Shanghai IPO at 150.80 yuan per share to raise 6.1 billion yuan ($904 million), making it the first mainland-listed humanoid robot manufacturer. The company, known for its affordable quadruped and humanoid robots including the G1, H1 and R1, reported 2025 revenue of nearly 1.7 billion yuan with adjusted net profit of about 600 million yuan, with over 40% of sales coming from overseas markets.