SITUATION EXPLAINED: Unitree priced its IPO at a $9 billion valuation, with DeepSeek investing. • Priced at 150.80 yuan a share on Shanghai's STAR Market, raising about $904 million • DeepSeek invested $20.8 million for a 2.31% stake, with a 36-month lock-up • Above an earlier target of up to 50 billion yuan, subscriptions open August 10 • Revenue is only $250 million, with humanoids now more than half of it • Q1 revenue rose 68.5%, but profit excluding one-offs fell 52.6% • The two will give…