Matrix Partners China
Matrix Partners China builds long-term relationships with entrepreneurs and helps them build significant companies.
Portfolio companies (3)
Funding rounds (3)
Round size: $24M
Round size: $154M
Round size: $139M
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The A-share "first humanoid robot stock," Unitree Robotics, saw its market value surge to 44.5 billion yuan on its first day of listing.
Unitree Robotics achieved a historic IPO on the Shanghai STAR Market, becoming China's first A-share humanoid robot stock. The stock opened at 1,100 yuan (629.44% above its 150.80 yuan issue price), reaching a peak market capitalization of 445 billion yuan before settling around 360 billion yuan, with nearly 9.8 million subscription accounts demonstrating unprecedented investor demand.
11 Leading Robotics Giants Accelerate Full-Speed Ahead to Pursue Public Listings
Eleven leading robotics companies including Unitree Robotics, Deep Robotics, Leju Intelligent, Dobot, Standard Robots, Youibot, and Galaxies are accelerating their IPO processes on Chinese and Hong Kong stock exchanges as the embodied intelligence sector enters a critical period of transitioning from R&D to commercial monetization. Unitree Robotics is set to become the first A-share humanoid robot stock after raising 6.099 billion yuan at a 61 billion yuan valuation, while others pursue listings through various routes including ChiNext, Shanghai Stock Exchange, and Hong Kong's 18C special technology listing rule.
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.