Wang Xingxing said that the annual revenue of Unitree Technology has exceeded 1 billion yuan.

On June 26, according to Xinhua News Agency, Wang Xingxing, the founder of Unitree Technology, revealed at the Summer Davos Forum that the annual revenue of Unitree Technology has exceeded 1 billion yuan.

Unitree Technology may be one of the few profitable enterprises in the robotics industry. Previously, Zhao Nan, an early investor in Unitree Technology and the founder of SevenUp Capital, revealed that since 2020, Unitree Technology's financial statements have remained profitable every year.

Founded in 2016, Unitree Technology mainly focused on quadruped robotic dogs in its early days. In 2024, its general-purpose humanoid robot G1 sparked widespread discussion as soon as it was launched.

At the beginning of 2025, Unitree Technology's Unitree H1 and G1 humanoid robots went on sale on JD.com. The H1 was priced at 650,000 yuan, and the G1 at 99,000 yuan. The products sold out quickly after they were launched. In addition, Unitree Technology's robots have appeared on many stages, such as the CCTV Spring Festival Gala and the CES in Las Vegas, USA, greatly enhancing the brand's popularity.

The company's financing has also been quite smooth. Between 2020 and 2022, Unitree completed Pre - A, A, A+, B, and B+ rounds of financing. The investors included Sequoia China Seed Fund, First Capital, Vertex Ventures, Shunwei Capital, Matrix Partners China, etc.

In February 2024, Unitree Technology completed nearly 1 billion yuan in Series B2 financing. The participants included Shenzhen Capital Group, China Internet Investment Fund, Rongyi Investment, Matrix Partners China, Source Code Capital, Meituan's Strategic Investment Department, CITIC Jingshi Investment, Borui Zhilian, Junshi Venture Capital, etc.

In 2025, the company completed the closing of the Series C financing that started at the end of last year. It was jointly led by funds under China Mobile, Tencent, Jinqiu Fund, Alibaba, Ant Group, and Geely Capital. Most of the old shareholders participated in the follow - on investment. The financing amount was close to 700 million yuan, and the post - investment valuation exceeded 12 billion yuan.

In April this year, Li Jiachao, the Chief Executive of the Hong Kong Special Administrative Region, had an exchange with representatives of the "Six Rising Stars in Hangzhou" in Hangzhou and visited Unitree Technology. At that time, Wang Xingxing said that Unitree Technology has business in Hong Kong and there are many cooperation opportunities in various aspects. As for whether the company will be listed in Hong Kong in the future, Wang Xingxing said it is possible but uncertain.

Currently, China's robotics industry is in a stage of rapid development. Morgan Stanley once predicted that as the world's largest robotics market and manufacturing center, China's robotics market reached a scale of 47 billion US dollars in 2024, accounting for 40% of the global total. It is expected to increase to 108 billion US dollars by 2028, with a compound annual growth rate of 23%.

However, when talking about the important future application scenarios of robots, Wang Xingxing said that the home application scenario is very challenging and needs to be developed step by step. Currently, applications in industries such as industry or agriculture will be faster.

"For products that interact closely with people, safety issues are more prominent than technical issues and are more challenging in terms of ethics and morality." Wang Xingxing gave an example. Some time ago, a customer bought a Unitree robot. When participating in an event outside, it accidentally stepped on a little girl's shoe, which once attracted public attention. In Wang Xingxing's view, although this incident did not cause actual physical harm to the little girl, it shows that there are significant safety hazards.

It is worth mentioning that at this Summer Davos Forum, Zhou Yunjie, the Chairman and CEO of Haier Group, revealed that Haier has established a robotics division, which is engaged in both industrial robots and household - service - related robots and will discuss cooperation with Unitree Technology. If the two sides reach a cooperation, it is expected to further accelerate the application and implementation of robots in home and industrial scenarios.

This article is from the WeChat public account "Jiemian News". The author is Song Jianan. It is published by 36Kr with authorization.