Shenzhen Capital Group
Shenzhen Capital Group is a venture capital company focused on cultivating national industries and shaping national brands.
Portfolio companies (1)
Funding rounds (1)
Round size: $139M
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What is Unitree and why are China’s humanoid robot makers racing to list?
Unitree, a Chinese humanoid robot maker founded in 2016, has priced its Shanghai IPO at 150.80 yuan per share to raise 6.1 billion yuan ($904 million), making it the first mainland-listed humanoid robot manufacturer. The company, known for its affordable quadruped and humanoid robots including the G1, H1 and R1, reported 2025 revenue of nearly 1.7 billion yuan with adjusted net profit of about 600 million yuan, with over 40% of sales coming from overseas markets.
Unitree Shanghai listing tells tale of China's humanoid robots drive
Unitree, a leading Chinese robotics company, has priced its Shanghai IPO at 150.80 yuan per share to raise 6.1 billion yuan ($904 million), becoming the first humanoid robot manufacturer to list on mainland China's stock market with a valuation at 219 times 2025 earnings and 36 times sales. Founded in 2016 by Wang Xingxing, Unitree has grown profitable with 2025 revenue of nearly 1.7 billion yuan and over 40% overseas sales, backed by major investors including Meituan, Tencent, Alibaba, and state-backed funds. The company plans to use IPO proceeds for embodied-AI model development, robot-body research, and manufacturing expansion.
What is Unitree and why are China’s humanoid robot makers racing to list?
Chinese robot maker Unitree has priced its Shanghai IPO at 150.8 yuan per share to raise 6.1 billion yuan ($904 million), making it the first mainland-listed humanoid robot manufacturer. Founded in 2016 by Wang Xingxing, Unitree gained global attention for its quadruped and humanoid robots capable of running, dancing and performing martial arts, reporting over fourfold revenue growth to nearly 1.7 billion yuan in 2025.