Unitree Robotics at a glance
As ofWhat Unitree Robotics does
Unitree Robotics is a Chinese humanoid-robot maker.[1] Its formal name is Hangzhou Yushu Technology.[1] Wang Xingxing founded the company in Hangzhou in 2016.[1] Wang left a university laboratory to start the company.[2] Its early product lines were the Go, A and B quadruped series, sold into research, education and industrial inspection.[2] Unitree delivered more than 5,500 humanoid robots in 2025, which CNN reports made it the world's largest seller of humanoids.[3] Research and educational institutions made up most of its sales, with industrial deployments under 10% in the first three quarters of 2025.[3] According to the prospectus, the proceeds will fund research on embodied AI models and robot hardware, plus factory expansion.[3]
Unitree Robotics profile
written 2026-10-24Unitree Robotics, Hangzhou's humanoid and quadruped maker, listed in Shanghai in August 2026 at a ~$50 billion first-day value on 1.7 billion yuan of revenue.
What Unitree does
Unitree Robotics, listed in Shanghai under its legal name Hangzhou Yushu Technology, makes legged robots. Its exchange profile describes research, development, production and sale of consumer- and industry-class general-purpose legged and humanoid robots, plus robotic arms, perception systems and components such as joint motors. Industrial uses listed include substation, pipeline and mine inspection, subway and utility tunnel inspection, airport and water-utility inspection and fire rescue.[1]
The company says it was the first to sell high-performance quadruped robots at retail and the first to put them into industrial use, and that it designs its own motors, reducers, controllers, LIDAR and control algorithms rather than buying them in. It reports more than 200 domestic and foreign patent applications, including more than 180 granted patents. Its robots have appeared at the 2021 and 2025 CCTV Spring Festival Galas, the Beijing 2022 Winter Olympics opening ceremony, the 2023 Super Bowl pre-game show and the Hangzhou Asian Games.[2]
It competes with Tesla and Hyundai-owned Boston Dynamics, according to Reuters as cited by Quartz. Its bipedal humanoids are designed to walk and handle objects, and it sells quadrupeds for tasks such as identifying hazards. In August 2026 it introduced a humanoid called Superman that it says can jump two meters from standing and run at up to 12.66 meters per second.[3]
History
Yahoo Finance's profile says the company was founded in 2016 and is based in Hangzhou, China. Unitree's own site dates its push to commercialize legged and humanoid robots across industries to 2017. The company shipped more than 5,000 humanoid units in 2025, and revenue rose to 1.70 billion yuan in 2025 from 392.77 million yuan in 2024, with net profit of 278.21 million yuan in 2025, according to its prospectus. Overseas sales were about 44% of main-business revenue in 2025; the prospectus named the U.S. as a key market and flagged American trade restrictions as a risk after the FCC added foreign-made humanoid and quadruped robots to its Covered List in late July 2026.[1],[2],[3]
IPO and ownership
Unitree listed on Shanghai's STAR Market on August 19, 2026, pricing shares at 150.8 yuan and raising about 6.1 billion yuan ($905 million). The stock closed its first session at 845 yuan, 460% above the IPO price, after briefly rising nearly 630%, which valued the company at roughly $50 billion according to Reuters. That beat the average 279% first-day pop for Chinese listings this year and came on a day the benchmark index fell 3%. DeepSeek took part in the IPO according to a company filing, and Tencent holds a stake as a prior investor.[3]
The listing landed in a hot market for Chinese hardware IPOs. It came the week the World Robot Conference opened in Beijing and followed memory chipmaker CXMT's debut on the same exchange a month earlier, when that stock rose 466% on its first day. William Xin, chairman of Spring Mountain Pu Jiang Investment Management, told Quartz that going public gives Unitree visibility and resources at a stage when most rivals have yet to turn a profit. The flip side is trade exposure: China's commerce ministry threatened countermeasures after the FCC's Covered List move, and the prospectus itself lists U.S. restrictions as a risk.[3]
Is this your company? Get featured or correct your listing →
Company Snapshot
Unitree Robotics is a robotics company, based in Hangzhou, People's Republic of China, founded 2016 by Wang Xingxing.
Recent changes
- Aug 19, 2026Aug 19, 2026IPO $904M raised at $50B (debut close) / $66B (intraday peak) Bloomberg
- Aug 19, 2026Aug 19, 2026First reported market cap: ~$53B (Aug 19, 2026 debut close, Bloomberg)Estimated Value Add Pulse enrichment
- Aug 19, 2026Aug 19, 2026Unitree Robotics Rockets 629% in Shanghai Trading Debut Pulse story
- 20252025First reported revenue: $235M revenue in 2025 with ~60% gross margins (IPO prospectus)Estimated Value Add Pulse enrichment
Debt, IPO & other events
not counted in equity raised| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Aug 19, 2026 | ipo | $904M raised | $50B (debut close) / $66B (intraday peak) | Bloomberg |
How Unitree Robotics has been funded
The company priced its IPO on Shanghai's STAR Market at 150.80 yuan a share and raised about 6.1 billion yuan, or roughly $905 million.[1] That price gave Unitree an initial valuation of about 61 billion yuan, or $9 billion.[1] Trading began on August 19, 2026, making Unitree the first humanoid robot maker listed in mainland China.[3],[1] After its first-day close, Fortune put the company's value at around $66 billion.[4]
Investors
Latest Pulse
- Oct 12, 2026Ambi, From An Ex-Plaud Exec, Raises $26MAmbi, founded by former Plaud executive Peter Mo, raised $26 million across multiple rounds led by Luminous Ventures to build an AI meeting-notes app that can listen continuously in the background.→
- Sep 25, 2026Tesla's Optimus Hits Snags in Hands, SuppliersTesla's Optimus humanoid robot is hitting hardware snags in its hands and supplier chain as the company tries to scale up production, new reporting shows.→
- Sep 10, 202629 Companies Joined The Unicorn Board In AugustTwenty-nine companies crossed billion-dollar valuations in August, adding roughly $63 billion in aggregate value, with AI software and semiconductors leading and 16 of the 29 based in the US.→
- Sep 7, 2026August Venture Funding Hit $42B, Up 122%Global venture investors deployed $42 billion across more than 1,500 startups in August 2026 -- more than double August 2025, but a quarter below July's $56 billion.→
- Sep 7, 20262026's IPO Class: 238 Listings, Two That MatteredUS listings are running at their highest count since 2021, but SpaceX and Cerebras alone likely raised more than the other 236 deals combined -- a count recovery without a depth recovery.→
- Sep 4, 20262026's IPO Pops Are Fading Into Real Trading RangesCerebras opened at $350 against a $185 IPO price and has since traded back near its offer price, while SpaceX climbed roughly 19% in a month on an Oppenheimer price-target raise -- proof first-day pops and durable value differ.→
- Sep 3, 2026August VC Funding Jumped 122% From a Year AgoGlobal venture funding hit $42 billion across more than 1,500 startups in August, up 122% year over year but down 25% from July, with seven companies closing billion-dollar rounds led by Databricks at a $190 billion valuation.→
- Aug 24, 2026XPeng Robotics Raises $900M+ at $6.3B ValuationXPeng's robotics unit raised more than $900 million at a $6.3 billion post-money valuation, the largest single-round private raise in China's embodied-AI industry, led by IDG Capital with Tencent and Alibaba as strategic backers.→
- Aug 23, 2026Unitree's 460% IPO Pop Was Normal for ChinaUnitree's robot maker debut surged 460% on its first day, an outcome that reflects the structure of Chinese IPO pricing rules more than unique enthusiasm for the company.→
- Aug 19, 2026Unitree Robotics Rockets 629% in Shanghai Trading DebutUnitree Robotics surged as much as 629% in its Shanghai debut, briefly hitting a $66B valuation before settling up 460% at roughly $47B, becoming the first humanoid robot maker listed in mainland China.→
Coverage Timeline
newest first- Aug 23, 2026IPOUnitree's 460% IPO Pop Was Normal for China→
- Aug 19, 2026IPOUnitree Robotics Rockets 629% in Shanghai Trading Debut$904M raised, 629% debut pop→
- Aug 12, 2026IPOUnitree's $9B IPO Subscription Closes, Debut Set for Late August~$900M raise at $9B valuation→
- Aug 10, 2026IPOUnitree's STAR Market IPO Subscription Opens at $9B→
- Aug 6, 2026IPOUnitree Prices IPO at $9B on Shanghai Market$904M IPO, ~$9B valuation→
- Aug 4, 2026IPORobotics' IPO Pipeline: Who's Actually Ready→
- Aug 3, 2026IPOUnitree's IPO Gives Humanoid Robotics a Real Price Tag→
- Aug 3, 2026IPOUnitree's IPO Subscription Opens August 10 -- What Changed→
- Aug 3, 2026IPOThe US Just Blacklisted Foreign Humanoid Robots→
- Aug 3, 2026IPOWhat Unitree's Shanghai Listing Means for US Investors→
- Jul 31, 2026IPOUnitree Sets Shanghai IPO Subscription Dates~$618M target→
- Jul 29, 2026REGULATIONUS Bans New Chinese Humanoid Robot Imports→
- Jul 13, 2026IPOChinese Humanoid Robotics Startups Rush Toward IPOs$2.21B (LimX)→
All Coverage
12 most recent shown — all 13 stories are in the timeline aboveIPO
Unitree's 460% IPO Pop Was Normal for China
Unitree's robot maker debut surged 460% on its first day, an outcome that reflects the structure of Chinese IPO pricing rules more than unique enthusiasm for the company.
DEEP DIVE
Unitree Robotics Rockets 629% in Shanghai Trading Debut
IPO$904M raised, 629% debut pop
Unitree Robotics Rockets 629% in Shanghai Trading Debut
Unitree Robotics surged as much as 629% in its Shanghai debut, briefly hitting a $66B valuation before settling up 460% at roughly $47B, becoming the first humanoid robot maker listed in mainland China.
FOLLOW-UP
Unitree's $9B IPO Subscription Closes, Debut Set for Late August
IPO~$900M raise at $9B valuation
Unitree's $9B IPO Subscription Closes, Debut Set for Late August
Unitree's STAR Market IPO subscription window closed Wednesday after pricing at 150.80 yuan a share and a $9 billion valuation, with the humanoid robot maker's Shanghai trading debut now expected between August 17 and 21.
FOLLOW-UP
Unitree's STAR Market IPO Subscription Opens at $9B
IPO
Unitree's STAR Market IPO Subscription Opens at $9B
Unitree's Shanghai STAR Market IPO subscription formally opened at a roughly $9 billion valuation, the first profitable, scaled humanoid robotics company to go public on a major exchange.
FOLLOW-UP
Unitree Prices IPO at $9B on Shanghai Market
IPO$904M IPO, ~$9B valuation
Unitree Prices IPO at $9B on Shanghai Market
Unitree Robotics priced its Shanghai STAR Market IPO at 150.80 yuan a share, raising roughly $904 million and valuing China's first publicly traded humanoid robot maker at about $9 billion.
BRIEF
Robotics' IPO Pipeline: Who's Actually Ready
IPO
Robotics' IPO Pipeline: Who's Actually Ready
Figure AI at a private $39B valuation and China's Unitree pursuing a Shanghai STAR Market listing represent two very different paths to a robotics IPO -- and neither looks genuinely ready by the disclosure standards Cerebras and SpaceX have just set.
Unitree's IPO Gives Humanoid Robotics a Real Price Tag
IPO
Unitree's IPO Gives Humanoid Robotics a Real Price Tag
Unitree's Shanghai IPO, with secondary-market chatter running toward $14.8 billion against a $6.2 billion base, is about to give the humanoid-robotics sector its first transparent public price -- a sharp contrast to Figure's opaque $39 billion private mark.
Unitree's IPO Subscription Opens August 10 -- What Changed
IPO
Unitree's IPO Subscription Opens August 10 -- What Changed
Unitree set public subscription for August 10 on its Shanghai STAR Market IPO, offering 40.45 million shares, with first-half 2026 revenue guidance implying 35.6-45.4% year-over-year growth.
The US Just Blacklisted Foreign Humanoid Robots
IPO
The US Just Blacklisted Foreign Humanoid Robots
The US added foreign-made humanoid and quadruped robots to the FCC's national-security Covered List just days before Unitree's Shanghai IPO, effectively closing off what would otherwise be China's largest addressable robotics market.
What Unitree's Shanghai Listing Means for US Investors
IPO
What Unitree's Shanghai Listing Means for US Investors
Unitree Robotics choosing Shanghai's STAR Market over a US listing for its IPO is a clear example of how US-China tensions are pushing China's most valuable AI and robotics companies to list at home, cutting off ordinary US investors from direct access.
Unitree Sets Shanghai IPO Subscription Dates
IPO~$618M target
Unitree Sets Shanghai IPO Subscription Dates
Chinese humanoid maker Unitree Robotics set book-building for August 5 and public subscription for August 10 on its Shanghai STAR Market IPO, targeting roughly $618 million at a $6.2 billion base valuation.
US Bans New Chinese Humanoid Robot Imports
REGULATION
US Bans New Chinese Humanoid Robot Imports
The FCC barred imports of new Chinese-made humanoid and quadruped robots along with connected power inverters, citing national-security risk -- a move expected to hit Unitree, the global humanoid robot market leader.
Value Add Research
- Market & Trends · Aug 6, 2026$50B Unitree IPO — vs Figure, 1X & Tesla
- AI & Technology · Oct 20, 2026Top Physical AI Companies by Valuation 2026: 14 Ranked
- AI & Technology · Aug 14, 2026Figure AI Valuation Oct 2026: Still $39B Post-Money
- AI & Technology · Jul 25, 2026$1.48B PsiBot — China's 22nd AI Robotics Unicorn
- Market & Trends · Jul 15, 2026Who's Going Public in 2026? 50+ IPOs Tracked Live
- AI & Technology · Jun 14, 2026Humanoid Robots 2026: Figure $39B, Apptronik $5.5B
Related Companies
Shared investors
Unitree Robotics FAQ
What is Unitree Robotics's valuation?
That price gave Unitree an initial valuation of about 61 billion yuan, or $9 billion.[1]
How much has Unitree Robotics raised?
Unitree Robotics priced its IPO on Shanghai's STAR Market at 150.80 yuan a share and raised about 6.1 billion yuan, or roughly $905 million.[1]
Who invested in Unitree Robotics?
Unitree's backers include Meituan, Tencent, Alibaba and DeepSeek.[3]
What does Unitree Robotics do?
Unitree Robotics is a Chinese humanoid-robot maker.[1]
When was Unitree Robotics founded and where is it based?
Unitree Robotics was founded in 2016 and is headquartered in Hangzhou, People's Republic of China, according to Wikidata.
References
researched 2026-10-24Sources & methodologyshow
Where these figures come from
- Bloombergmajor outlet1 fact
- Value Add Pulse researchValue Add VC data2 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.