Unitree files for IPO as JD.com doubles down on embodied AI — market reacts

Unitree Robotics, a Hangzhou-based developer of quadruped and humanoid robots, has filed for IPO counseling with the Hangzhou office of China’s securities regulator as of July 18, 2025. Citic Securities is serving as the IPO advisor, with Beijing DeHeng Law Offices providing legal counsel and RSM China handling auditing, according to filings cited by ICsmart and Yicai. Citic Securities is expected to begin its due diligence and compliance assessment in October 2025, evaluating Unitree’s IPO readiness and supporting its application process.

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Is computing the wrong focus? Lightmatter’s 3D photonics tackles AI’s data bottleneck

As AI workloads hit data movement bottlenecks, MIT spinoff Lightmatter is betting that photonics, not more transistors, holds the key to next-generation infrastructure. After years of pioneering photonic computing, Lightmatter is moving from research to commercialization. Its flagship interconnect products — Passage M1000 and L200 — are set to enter production in 2025 and 2026.

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China weighs deeper solar export curbs as Taiwan faces supply squeeze

China’s leading solar manufacturers are signaling fresh production and pricing restrictions reminiscent of late 2024 measures, according to supply chain sources. Beijing has already cut export tax rebates on solar cells to 9% from 13% in a bid to halt overseas dumping. Market participants now expect that authorities may eliminate rebates entirely within six months.

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