Unitree has completed its Series C financing, with Tencent, Alibaba, and ByteDance-related entities all participating. Its valuation exceeds 10 billion yuan.

A total of 10 rounds of financing have been completed, bringing together well - known Chinese investment institutions.

According to a report by Robot Outlook on June 19th, it is learned that Unitree Technology has recently completed the Series C financing that started at the end of last year. It was jointly led by funds under China Mobile, Tencent, Jinqiu (a ByteDance - affiliated fund), Alibaba, Ant Group, and Geely Capital, with most of Unitree's old shareholders following suit. Unitree's pre - investment valuation currently exceeds 10 billion RMB.

Enterprise Check shows that since its establishment in 2016, Unitree has completed 10 rounds of financing, backed by well - known investment institutions such as Meituan Longzhu, Sequoia China, Zhongguancun Science City, Beijing Robot Industry Investment Fund, Amber Capital, Shanghai Science and Technology Innovation Fund, CITIC Securities, Shunwei Capital, Shenzhen Capital Group, Source Code Capital, and China Internet Investment Fund.

Currently, Unitree has launched a diversified product line covering quadruped robots, humanoid robots, and robot components, and its product shipments rank among the top in China and even the world.

At the end of May, Unitree Technology released a poster announcing the upcoming launch of a new humanoid robot. It revealed that the new product has the technical parameter of "26 joint DOF (62 + 2+52 + 2)" and is priced at thousands of dollars.

Also at the end of May, Unitree Technology changed its market entity type from a limited liability company to a joint - stock limited company, and its company name was changed from "Hangzhou Unitree Technology Co., Ltd." to "Hangzhou Unitree Technology Co., Ltd. (Joint Stock)".

This move has sparked industry speculation that Unitree may have completed its shareholding reform and is paving the way for an IPO.

In addition, Wang Xingxing previously mentioned that Unitree Technology has business in Hong Kong, with many cooperation opportunities in various aspects, and the company has always targeted the global market. When asked if the company will list in Hong Kong in the future, Wang Xingxing said, "It's possible in the future, but it's uncertain at present."

During a recent exchange with Li Shufu, the chairman of Geely Group, Wang Xingxing said that AI and robots will be the next things that change productivity, just like electricity and the steam engine. He hopes to produce better robot products, promote the technological progress of robot AI, and in the future, let robots do the work to better liberate productivity.

This article is from the WeChat official account "Robot Outlook". The author is Xu Lisi, and the editor is Mo Ying. It is published by 36Kr with permission.