If you could buy a humanoid robot for less than a smartphone, would you? Would you buy several robots to handle cooking, cleaning, babysitting, and even your job?

This is the pitch being made by Zhou Yong, the 40-year-old founder and chief technology officer of LinkerBot, one of China’s leading manufacturers of dexterous humanoid hands. The startup’s hardware comes complete with five fingers and at least 11 joints and is sold for as little as $600 in China. LinkerBot’s hands can play piano, thread needles, tighten screws, and assemble electronics. In three to five years, Zhou predicts, the price for one will fall to just $200. Eventually, “everyone will own ten robots on average,” Zhou said in an exclusive interview with WIRED.

Marketing spectacles like the humanoid robot marathon in Beijing have drawn attention to robots’ legs, but the real frontier in humanoids is hands. “The hands are the majority of the engineering difficulty of the entire robot,” Elon Musk said at an event last fall. Founded in 2023, LinkerBot has quickly emerged as a market leader in the space. The company says it shipped 10,000 robotic hands last year, representing 80 percent of worldwide demand. Its clients include research labs, manufacturers, and other humanoid robot makers.

The startup is also a venture capital darling: It completed six rounds of fundraising in just 13 months from investors including the Chinese government, Alibaba’s Ant Group, and HongShan Capital, Sequoia Capital’s Chinese spinoff. LinkerBot is now seeking another round of financing at a $6 billion valuation, double what the company said it was worth only a few months ago. And it’s reportedly exploring going public in Hong Kong, according to Bloomberg. (Zhou declined to comment on the rumored plans.)

In 2019, after selling a previous startup focused on autonomous driving, Zhou turned his attention to robotics. He says he predicted the industry would begin booming around 2025, but was still taken aback by how quickly it grew. While OpenAI was once at the forefront of developing robotic hands, in recent years Chinese startups have taken the lead as many of their American counterparts shifted their focus toward large language models and other AI software.

For robotics companies, “the valuation gap between the Chinese and US primary markets has been basically erased,” Zhou says.

Zhou says his lifelong goal is to make a real-life version of Doraemon, the Japanese anime character that has an infinite supply of magical gadgets in its pocket. (His WeChat avatar is a picture of Doraemon.) He sees building a capable, dexterous hand as an instrumental step toward achieving that dream.

Selling Shovels to Miners

Successful companies, Zhou argues, focus on doing one thing well. That’s why LinkerBot zeroed in on hands, rather than trying to build the entire body of a humanoid. That also allows it to avoid directly competing with leading humanoid companies like Unitree or Tesla.

“When the humanoid robot industry size is so massive, specializing in making hands is like selling water or shovels [during the gold rush],” says Hong Shangguan, a veteran investor in China’s tech industry and a former partner at the Beijing-based fund Legend Capital.