--- date: 2026-06-02 subject: "Unitree IPO clears STAR | Sinopec masters T1000 fiber | Zhipu plans 15 billion yuan STAR raise" --- **Unitree cleared STAR Market approval** on June 2 for a planned 4.202 billion yuan IPO at roughly 42 billion yuan valuation, the same day NVIDIA unveiled an Isaac GR00T humanoid reference design pairing Unitree's H2 Plus body with Sharpa's five-finger hand and the Jetson Thor module, with Stanford and ETH Zurich as initial customers. **Sinopec achieved batch production** of wet-spun T1000-grade 12K small-tow carbon fiber with tensile strength above 6.5 GPa and modulus above 300 GPa, targeting aerospace, embodied intelligence and the low-altitude economy, and has filed 868 related patents through the end of 2025. **The National Health Commission directed** urban community health centers to deploy AI assisted diagnosis, prescription pre-review and voice-based electronic medical record collection, setting a 2030 target for near-full coverage of established street-level community health service centers. # 1. Top Stories - **Unitree clears STAR Market on day NVIDIA puts H2 Plus inside Isaac GR00T reference** — The Shanghai Stock Exchange STAR Market listing committee approved Unitree Robotics' IPO on June 2, 73 days after the March 20 application acceptance, with a planned 4.202 billion yuan raise at roughly 42 billion yuan total valuation. NVIDIA's Isaac GR00T humanoid reference design, announced the same day at Jensen Huang's Taipei keynote, pairs the Unitree H2 Plus body (1.8 meters, 68 kilograms, 75 degrees of freedom) with Singapore based Sharpa's five-finger dexterous hand and the NVIDIA Jetson Thor compute module. Initial customers for the reference stack include Stanford and ETH Zurich, with the full software stack to be released on GitHub and Hugging Face. NVIDIA said Cosmos 3 plus the Isaac GR00T Blueprint generated 780,000 synthetic motion trajectories in 11 hours, claimed to equal about 6,500 hours of human demonstration. [36Kr](https://www.36kr.com/p/3834686249219465) - **Sinopec reaches batch production of T1000-grade wet-spun carbon fiber** — Sinopec Shanghai Petrochemical and the Shanghai Research Institute of Petrochemical Technology achieved batch production of wet-spun T1000-grade 12K small-tow carbon fiber, Science and Technology Daily reported via ITHome. Each tow contains 12,000 filaments with tensile strength above 6.5 GPa and tensile modulus above 300 GPa. Sinopec is the first Chinese and fourth global firm to master core large-tow carbon fiber technology and was the first globally to commercialize T700-plus 48K large-tow, with 868 patents filed in the area through the end of 2025, ranked third globally. Sinopec named aerospace, embodied intelligence and the low-altitude economy as target applications for the new material. [ITHome](https://www.ithome.com/0/958/726.htm) [state media] - **NHC directs urban community health centers to deploy AI diagnosis and voice EMR** — The National Health Commission General Office issued a notice directing urban community health service institutions to deploy AI assisted diagnosis, prescription pre-review and voice-based electronic medical record auto-collection, CCTV News reported via ITHome. The notice also calls for digitalized public health and family doctor services, AI aided audit of medical records and prescriptions, and standardized result sharing with upper-tier hospitals. The NHC set a 2030 target for near-full coverage of established street-level community health service centers. [ITHome](https://www.ithome.com/0/958/827.htm) [govt] - **Zhipu AI files late-night STAR Market plan for 15 billion yuan raise** — Zhipu AI issued a late-night announcement saying it plans to raise approximately 15 billion yuan via a Shanghai STAR Market listing, TMTPost reported. The filing follows MiniMax's May 31 board resolution to study an RMB denominated A-share STAR Market issuance after signing a CITIC Securities tutoring agreement on May 29. Both of China's "twin star" frontier model labs have now signaled STAR plans within 48 hours. [TMTPost](https://www.tmtpost.com/8011306.html) - **Shenkaihong and Loongson launch "LongHong" OpenHarmony and LoongArch ecosystem** — Shenzhen Kaihong Digital Industry CEO Wang Chenglu announced the formal launch of the "LongHong" ecosystem combining the OpenHarmony operating system with Loongson Technology's LoongArch instruction set architecture, ITHome reported. Cooperation covers kernel adaptation, driver development, security hardening and AI enabled software hardware co-optimization, with target sectors including government office automation, industrial control and smart livelihood services. The partners released a joint "LongHong Teaching Test Box" integrating the Loongson 3A6000 processor with an embedded OpenHarmony development board. [ITHome](https://www.ithome.com/0/958/837.htm) # 3. AI & Foundation Models - **Alibaba releases Qwen 3.7-Plus multimodal agent model** — Alibaba released Qwen 3.7-Plus via Alibaba Cloud Bailian, marketing the model as a "see, think, write, do, verify" multimodal agent capable of one-click replication of mobile apps and desktop professional software workflows, Leiphone reported. Alibaba claims top five global and first in China standing on the Vision Arena vision LLM leaderboard. Independent reproduction of the ranking claim and pricing tiers beyond the launch announcement have not been disclosed. [Leiphone](https://www.leiphone.com/category/industrynews/NwSFpk8WjfjsmFpP.html) - **Tencent Cloud cuts DeepSeek-V4 inference prices by up to 97.5%** — Tencent Cloud's AI Agent Development Platform will cut DeepSeek-V4-Pro inference input and output prices by 75% to 0.003 yuan and 0.006 yuan per thousand tokens respectively starting midnight on June 3 Beijing time, ITHome reported. The DeepSeek-V4-Pro cache-hit price drops 97.5% from 0.001 to 0.000025 yuan per thousand tokens, and the DeepSeek-V4-Flash cache-hit price drops 90% to 0.00002 yuan per thousand tokens. DeepSeek released the 1.6 trillion parameter mixed-experts V4 series with a native 1 million token context window on April 24, 2026. [ITHome](https://www.ithome.com/0/958/788.htm) - **Internet Society of China issues 2026 AI Agent Pioneers roster** — The Internet Society of China and the China AI Industry Development Alliance jointly released the 2026 China AI Agent Pioneers list at the Beijing Cybersecurity Conference 2026, Leiphone reported. Over 100 agents from more than 20 industries including government, finance, telecom, energy, healthcare and manufacturing were submitted starting March 30. Evaluation criteria explicitly weight data security and permission control alongside technical metrics, and the list feeds into the 2026 China Intelligent Agent Industry Atlas. [Leiphone](https://www.leiphone.com/category/industrynews/VEQzCEDU0APjbVou.html) [state-affiliated] # 5. Robotics & Autonomous Systems - **BrainCo says dozens of humanoid OEMs are buying its bionic hands** — BrainCo partner He Xiyujin told Bloomberg that dozens of humanoid robot companies including Unitree and Leju are buying the company's five-finger bionic hands, Wallstreetcn reported. BrainCo has also confidentially filed for a Hong Kong IPO. The same Bloomberg coverage attributes more than 80% of global dexterous hand market share to peer firm Linkerbot, which is considering an IPO after a 1.5 billion yuan (about $220 million) raise. NVIDIA's Isaac GR00T reference design pairs the Unitree H2 Plus body with Sharpa's five-finger dexterous hand rather than a BrainCo or Linkerbot unit. [Wallstreetcn](https://wallstreetcn.com/articles/3773651) - **Zero One Auto's Hong Kong prospectus reports 320% revenue jump on NEV heavy trucks** — Zero One Auto filed a Hong Kong IPO prospectus showing 2025 revenue of 522 million yuan, up 320.8% year over year, with 1,176 NEV smart heavy trucks delivered in 2025 and more than 1,000 units sold in the first five months of 2026, Leiphone reported. The gross loss ratio fell from 287.2% to 2.5% over three years, while net loss widened to 281 million yuan. The company self-develops e-drive axles, thermal management and vehicle control systems, with some models cutting weight by about 1 ton and energy consumption by 15% to 20% versus peers. [Leiphone](https://www.leiphone.com/category/transportation/YWDYr6e3rN64B5IF.html) # 9. Talent & Capital - **Former Huawei Pangu lead Wang Yunhe raises round at $100 million valuation** — Wang Yunhe, former director of Huawei Noah's Ark Lab and head of the Huawei Pangu large language model team, left Huawei in late March 2026 and has closed a funding round for new company Jiyuan Lüdong at a $100 million valuation, Wallstreetcn reported via Sina Tech. Investors include top-tier venture firms and leading internet companies that were not named in the reporting. The company is described as having stable state-owned enterprise customers with new products rolling out in the coming months. [Wallstreetcn](https://wallstreetcn.com/livenews/3112911) - **Former Xiaomi technical chief Cui Baoqiu launches home robot startup RuoBan** — Cui Baoqiu, former chairman of Xiaomi Group's Technical Committee and lead architect of the Xiao'ai voice assistant, has founded a home embodied robot company called RuoBan Technology, Leiphone reported in an exclusive. The friends-and-family plus seed round investors include Inno Angel Fund, Sinovation Ventures, Qifu Capital, Shunwei Capital and Lenovo Capital. Round size and product launch timing have not been disclosed. [Leiphone](https://www.leiphone.com/category/ai/09QWfOVoTbKrJfIH.html)