# China now has its own AI circular financing scheme

> Source: <https://the-decoder.com/china-now-has-its-own-ai-circular-financing-scheme/>
> Published: 2026-08-20 09:23:37+00:00

Unitree Robotics rose 460 percent in its Shanghai IPO, hitting a valuation of around $50 billion. But an FT report shows much of the demand for its robots comes from state-backed training centers that buy the machines and sell the resulting data back to the manufacturers, a circular business model that echoes the Nvidia criticism in the US.

The article [China now has its own AI circular financing scheme](https://the-decoder.com/china-now-has-its-own-ai-circular-financing-scheme/) appeared first on [The Decoder](https://the-decoder.com).