Five Chinese robotics startups are each valued at over 20 billion yuan

According to the industry analysis platform Hello China Tech, as of June 2026, there are a total of 8 humanoid robot-related companies in China with valuations reaching or exceeding 20 billion yuan (approximately 2.9 billion USD), of which 5 companies have valuations primarily based on models rather than shipment volumes, with annual shipment volumes still maintaining at the hundreds level. In the second quarter, the financing amount in the humanoid robot field reached 6.95 billion USD, more than double that of the previous quarter.

The report points out that the data collection costs vary significantly across different stages: the hourly wage for frontline operators is about 20 to 40 yuan, approximately 25 yuan when outsourced; the internal cost for companies involving robots is about 250 yuan; and the data price from government-supported training bases reaches 500 to 1000 yuan. However, the data produced through different collection methods (wearable devices and robot involvement) shows significant differences in quality and training effectiveness, with only about 50 hours of usable data from 100 hours of raw collection. The data measurement units used by different companies (hours, trajectories, skills, etc.) are incompatible, and there is a lack of independent auditing, leading to considerable uncertainty in valuation bases. It is believed that the industry urgently needs to establish a unified data asset measurement standard.