This article was published on June 12, 2026 The three-year-old Shenzhen startup, last valued at $1.5bn, is scaling up fast, and joining a stampede of Chinese robot makers racing to list. The supply is real; the demand is not proven. EngineAI, a Chinese maker of humanoid robots, has filed confidentially for an initial public offering in Hong Kong, Bloomberg reported on Friday, citing people familiar with the matter. The Shenzhen-based startup is working with China International Capital Corp and Citic Securities on the possible share sale. The company is only three years old. It raised $200m in a Series B in April that pushed its valuation above 10 billion yuan ($1.5bn), in a round led by a fund tied to Henan Investment Group and the electronics supplier Luxshare Precision Industry. EngineAI was founded in 2023 by a team drawn from top universities, led by chief executive Zhao Tongyang. It builds general-purpose humanoid robots around what it calls “embodied AI”, machines meant to perceive their surroundings and act on them. It went viral last year with a video of its PM01 robot performing a front flip. The wider product line runs from the entry-level SA01 to the T800, a heavier-duty
Jun 12, 2026 → Jun 12, 2026
This article was published on June 12, 2026 The three-year-old Shenzhen startup, last valued at $1.5bn, is scaling up fast, and joining a stampede of Chinese robot makers racing to list. The supply is real; the demand is not proven.…
Read original at The Next Web →1 updates from 1 source.
This article was published on June 12, 2026 The three-year-old Shenzhen startup, last valued at $1.5bn, is scaling up fast, and joining a stampede of Chinese robot makers racing to list. The supply is real; the demand…
Read original at The Next Web →What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.
This article was published on June 12, 2026 The three-year-old Shenzhen startup, last valued at $1.5bn, is scaling up fast, and joining a stampede of Chinese robot makers racing to list. The supply is real; the demand is not proven.…
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