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PANONY
@PANONYGroup
PANONY is an incubator, investor & advisor for #Web3# business Cofounders @web3stellakung @tongtongbee CEO @SunnyNgPA
Joined November 2018
876 Following    24.2K Followers
⚡️China’s humanoid robotics company @UnitreeRobotics is heading public at an $8.5B valuation, turning founder Wang Xingxing into a multi-billionaire. Unitree Robotics has priced its Shanghai STAR Market IPO at RMB 150.80 per share, implying an initial market cap of nearly RMB 61 billion ($8.5B). Founder Wang Xingxing will retain a 33.36% direct and indirect stake, valuing his holdings at roughly RMB 20.35 billion ($2.8B). Separately, DeepSeek is rumored to have joined the IPO as a strategic investor, subscribing for around 933,400 shares worth RMB 141 million. China’s hottest robotics IPO may now also have an AI heavyweight on its cap table. #Unitree# #Robotics# #DeepSeek# #ChinaTech#
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