MoneyThe story, in brief

After Manycore’s IPO, Which Of Hangzhou’s ‘Six Little Dragons’ Could List Next?

Manycore just IPO'd. Now Hangzhou's five other AI unicorns—including DeepSeek—are in the crosshairs.

Paper-cut illustration of amber paths carrying capital toward a small coral research venture between larger buildings.
Capital and the next generation of AI ventures.AI illustration by KeyNews
The KeyNews take

Why it matters

Manycore's public listing signals a maturing AI startup ecosystem in China and opens the door for other deep-tech unicorns to follow. Investors and founders should watch which of Hangzhou's 'Six Little Dragons' moves next—and what valuations they command.

The key facts

8 to know
  1. Manycore completed IPO (date not specified in article)

  2. Hangzhou 'Six Little Dragons' cohort: Manycore, DeepSeek, Unitree Robotics, DEEP Robotics, BrainCo, Game Science

  3. Focus on IPO readiness and sequencing of Chinese AI unicorns

  4. Speculative framework—no confirmed funding rounds or IPO filings for the five other companies mentioned

  5. Manycore IPO milestone for Hangzhou AI ecosystem

  6. Six Little Dragons cohort: DeepSeek, Unitree Robotics, DEEP Robotics, BrainCo, Game Science

  7. IPO pipeline analysis for Chinese AI startups

  8. Published Apr 21, 2026 — recent market moment

Go to the source

Forbes Innovationforbes.com

Publisher excerpt: Manycore’s IPO is a moment of truth for Hangzhou. Which of its other Six Little Dragons — DeepSeek, Unitree Robotics, DEEP Robotics, BrainCo, Game Science — could be next?
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