Unitree Robotics has priced its Shanghai initial public offering at 150.8 yuan a share ($22.3), valuing the company at RMB 61 billion yuan and securing a strategic investment from artificial intelligence firm DeepSeek, reports Caixin.

Unitree plans to issue 40.4 million shares, equal to 10% of its enlarged share capital. If the deal goes through, the company is expected to raise RMB 6.1 billion, with net proceeds of about RMB 5.9 billion after issuance costs. Demand was strong in the preliminary inquiry phase, with institutional bids oversubscribing the initial offline tranche by more than 2,600 times.

The IPO includes a strategic placement to several large corporate investors. DeepSeek was allocated 933,399 shares, or 2.31% of the offering, subject to a three-year lockup. Other strategic investors, each taking 2.23% of the deal, include investment arms of China National Petroleum Corp, China Southern Power Grid and China Telecom, as well as a Tencent subsidiary.

The Trump administration is drafting a ban on US imports of new models of Chinese data center components, reports Reuters citing four people ​familiar with the matter. This comes as it seeks to protect the infrastructure that spports the AI boom.

The Federal Communications Commission is working on the measure to bar imports of new Chinese optical transceivers, which allow data to travel over fiber-optic cables at the speed of light within data centers. Officials hope to publish it this year, when it would take effect.

The move, not previously reported, aims to prevent Chinese firms from stealing data, installing malware or disrupting service at US data centers, which house the chips to train and run ​AI models. The FCC could still modify or shelve the restriction, but it is the latest example ​of the Trump administration trying to limit Chinese technological incursions into cutting-edge US industries before they become embedded in the supply chain.

Chinese robot maker Unitree Technology is expected to be ​valued at more than RMB 50 billion ($7.4 billion) after ‌its planned Shanghai IPO, reports Reuters citing a report by Citic Securities, which is sponsoring the initial public offering.

Citic Securities expected the Hangzhou-based company to be ​worth RMB 50.6 billion to RMB 55.9 billion six to 12 ​months after listing later this month. The valuation report, ⁠distributed to investors and seen by Reuters, is largely seen ​as guidance ahead of Wednesday’s IPO price enquiry.

Unitree, which competes with ​Tesla  and Boston Dynamics in making humanoid robots, aims to raise RMB 4.2 billion to fund innovation and production. Robotics is seen as one of China’s strategic ​industries key to Beijing’s tech rivalry with Washington. Citic Securities’ report ​values Unitree roughly 20 times this year’s expected sales, and about 80 times ‌forecast ⁠earnings.

China’s largest chipmaker by market value, is considering building a second memory-chip plant in Beijing ​and is in financing talks with a tech manufacturing hub backed by the local government, reports Reutersciting two sources familiar with the matter.

The move ‌comes as CXMT seeks to boost production amid a global chip shortage driven by AI infrastructure spending.

It highlights intensifying competition among Chinese local governments to attract CXMT, as the memory chipmaker pursues a major expansion following its $8.6 billion IPO last month, the largest mainland Chinese semiconductor listing on record.

A New York startup’s use of a Chinese AI model to rein in a rogue agent built with OpenAI technology is stoking fears that guardrails restricting US AI firms from doing cybersecurity work could drive customers ​toward their Beijing-based rivals, reports Reuters.

The affected startup, Hugging Face, said it had turned to Zhipu AI’s open-source GLM-5.2 model last week ‌to analyze data from the hack after leading US AI models declined the task, unable to distinguish between a defender and an attacker.

Beijing has also been increasingly using open-source to position itself as ​an alternative to the US in the high-stakes race, with Chinese state media increasingly portraying the strategy as a response to what it calls a U.S.-led attempt ‌to erect ⁠an “AI Iron Curtain.”