Unitree Technology has completed a financing round, with investments from Tencent, Alibaba, Ant Group and others.

Unitree Technology has completed the closing of its Series C financing, jointly led by funds under China Mobile, Tencent, Jinqiu, Alibaba, Ant Group, and Geely Capital.

Unitree Technology has raised funds.

Reporters from Star Market Daily have confirmed from multiple sources that Unitree completed the closing of its Series C financing that started at the end of last year some time ago. It was jointly led by funds under China Mobile, Tencent, Jinqiu, Alibaba, Ant Group, and Geely Capital, and most of the old shareholders followed suit.

Industrial and commercial data shows that Unitree Technology has completed 9 rounds of financing so far. In February 2024, it completed a nearly 1 billion yuan Series B2 financing. Participants included Shenzhen Capital Group, China Internet Investment Fund, Rongyi Investment, Matrix Partners China, Source Code Capital, Meituan Strategic Investment Department, CITIC Jingshi, Borui Zhilian, and Jundao Venture Capital.

On May 29th, Unitree Technology issued a notice to its partners, stating that due to the company's development needs, its name will be changed to Hangzhou Unitree Technology Co., Ltd. as of now. At that time, all the original company's business will be continued by the "new company name", and all contracts signed by the original company will remain valid. This means that Unitree Technology has completed its shareholding system reform, which has also sparked speculation from the outside world about whether it will promote IPO listing in the future.

During the Spring Festival Gala in 2025, Unitree Technology's humanoid robot H1 performed the Yangko dance on the stage, becoming one of the most eye - catching performances of the night and making Unitree Technology a hot topic in the industry.

At the recently held Beijing AI Innovation Conference, Wang Xingxing, the CEO of Unitree Technology, said that whether it was the Spring Festival Gala in January or the recent fighting competition, the purpose was to show the public the current development of robots and generate some commercial value. For example, the rental market for humanoid robots was very popular in the first half of the year.

Reporters from Star Market Daily learned that humanoid robots are mainly used in areas such as exhibition hall guidance and scientific research education. There is still a long way to go before they can be widely used in the real consumer market at the C - end. Wang Xingxing also admitted that it is still not very realistic to directly let robots do housework at home. However, through training such as dancing and fighting, robots can gradually learn various full - body movements to ultimately liberate human productivity.

Wang Xingxing also said that Unitree Technology's product R & D is not limited to humanoid robots. However, currently, AI mainly collects data based on humans, so robots that look like humans are easier to train and implement. He believes that after the real arrival of AGI (Artificial General Intelligence), the forms of robots will be more diverse.

At the end of May, Unitree Technology released a poster preview of a new product, announcing that the company is about to launch a humanoid robot with 26 degrees of freedom. The price of the new product has not been announced yet, and the price shown on the poster is "$?000", which may imply that the price is in the thousands of dollars.

Previously, Unitree Technology had released two humanoid robots, H1 and G1. Among them, G1 attracted wide attention inside and outside the industry due to its ultra - low price of 99,000 yuan. Calculated at the current exchange rate, if the price of the upcoming new product is in the four - digit US dollars, it is expected to be lower than that of G1.

This article is from the WeChat official account "Star Market Daily". Author: Huang Xinyi. Republished by 36Kr with permission.