Unitree Tech in IPO Prep, Targets A-Share Market
Unitree Robotics files for A-share IPO after 9 years, backed by Tencent & Alibaba. Humanoid robot leader eyes STAR Market.
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After Zhihui Jun, Wang Xingxing has also arrived at the doorstep of the capital market.
After nine years of entrepreneurship, Unitree Robotics has finally reached the IPO threshold. This time, it's no longer just rumors.
According to information on the China Securities Regulatory Commission's official website, Unitree has completed its counseling filing with the Zhejiang Securities Regulatory Bureau and published its initial public offering (IPO) and listing counseling report.
This marks Unitree Robotics' official sprint toward A-share listing.
Wang Xingxing's shareholding was subsequently disclosed, with direct holdings of 23.82% and a total control of 34.76% equity through limited partnership platforms.
If all goes smoothly, a comprehensive company evaluation will be conducted as early as October 2025 to prepare compliant listing application documents.
Currently, Unitree Robotics' latest valuation has exceeded 10 billion yuan, having completed 10 rounds of financing, with investors including Meituan, Tencent, Alibaba, Sequoia China, Matrix Partners China, Beijing Robotics Industry Development Investment Fund, and Shenzhen Capital Group.
According to Wang Xingxing's own disclosure, Unitree Robotics' annual revenue has exceeded 1 billion yuan and has maintained profitability since 2020.
In recent days, Zhiyuan Holdings' A-share company Shangwei New Materials has hit the daily limit for 8 consecutive trading days, with stock prices surging 330%.
