Unitree Technology Receives Listing Guidance: Valued at Over 10 Billion Yuan, Plans to List on A-share Market, with Wang Xingxing Holding Nearly 35% of Shares

According to information on the website of the China Securities Regulatory Commission, Hangzhou Unitree Technology Co., Ltd. (hereinafter referred to as "Unitree Technology") is undergoing listing guidance. The guidance institution is Citic Securities Co., Ltd., and the law firm is Beijing Deheng Law Offices (hereinafter referred to as "Deheng Law").

According to the documents, the controlling shareholder and actual controller of Unitree Technology is Wang Xingxing, who directly holds 23.8216% of the company's equity and controls 10.9414% of the company's equity through Shanghai Yuyi Enterprise Management Consulting Partnership (Limited Partnership), with a total control of 34.7630% of the company's equity.

Once listed, Unitree Technology will become a sought - after concept stock of humanoid robots in the A - share market.

Valued at over 10 billion, a guest of honor at NVIDIA

Unitree Technology is known as one of the six rising stars in Hangzhou and is one of the most popular humanoid robot companies in recent years.

At the 2025 Spring Festival Gala, Unitree Technology's humanoid robots performed the game "Pass the Handkerchief" on stage. Some netizens said that the robots could catch the handkerchief and continue to play, making zero mistakes in delicate tasks. They were really amazing.

At NVIDIA's Chinese New Year greeting event, Wang Xingxing, the founder and CEO of Unitree Technology, became a guest of honor of Huang Renxun, the founder and CEO of NVIDIA. Wang Xingxing also posted a photo with Huang Renxun, saying, "A new year, a brand - new start. Come on."

Unitree's self - developed AI robot algorithm, under the NVIDIA GPU - accelerated robot simulation platform, allows the H1 to autonomously learn high - speed running and a variety of high - dynamic dance moves, and can continuously learn more different types of actions.

Since its establishment, Unitree Technology has received multiple rounds of financing. In early 2024, Unitree Technology completed a nearly 1 - billion - yuan Series B2 financing. The investors included Meituan, Golden Stone Investment, and Source Code Capital. Existing shareholders such as Shenzhen Capital Group, China Internet Investment Fund, Rongyi Capital, Dunhong Capital, and Midajunshi Capital followed up.

At the end of 2024, Unitree Technology completed the Series C financing. It was co - led by funds under China Mobile, Tencent, Jinqiu Capital, Alibaba, Ant Group, and Geely Capital, and most of the existing shareholders followed up.

Currently, according to people familiar with the matter, Unitree Technology's valuation has exceeded 10 billion yuan.

A well - known investor said that Unitree Technology is not short of money now. All existing shareholders are asking to increase their investments. The existing shareholders can't even divide up the financing shares, and there is no need to seek new investments.

The above - mentioned person said, "If the valuation is 10 billion yuan, I would invest myself. Why would I give the opportunity to others?"

ZhiYuan Robotics spent 2.1 billion yuan to buy Shangwei New Materials

Recently, the popular ZhiYuan Robotics spent 2.1 billion yuan to buy Shangwei New Materials. The person in charge of this transaction is Deng Taihua, a former Huawei executive.

Deng Taihua was born in 1977 and graduated from the School of Computer Science and Engineering of the University of Electronic Science and Technology of China. He once served as the vice - president of Huawei, the president of the wireless product line, and the president of the computing product line. He is a senior expert in the fields of communication and artificial intelligence. He is currently the chairman and CEO of ZhiYuan Robotics.

ZhiYuan Robotics currently has three major robot families: Expedition, Elf, and Lingxi. Its products cover a variety of commercial scenarios such as interactive services, industrial manufacturing, commercial logistics, and scientific research and education.

Once the transaction is completed, ZhiYuan Robotics will surpass Unitree Robotics and become the first humanoid robot stock in the A - share market. However, ZhiYuan Robotics has denied that the company is seeking a back - door listing.

This article is from the WeChat public account "LeiDi" (ID: touchweb). The author is Lei Jianping. It is published by 36Kr with authorization.