Unitree, a Chinese robot maker, has priced its Shanghai initial public offering at 150.8 yuan per share, with subscriptions to start on Monday, as it seeks to raise 6.1 billion yuan ($904 million) in a deal that would see it become the first mainland-listed humanoid robot manufacturer.
What is Unitree?
Founded in 2016 by engineer Wang Xingxing, Hangzhou-based Unitree first became known for relatively inexpensive quadruped robots — or robot dogs. Its G1, H1 and R1 humanoids have gone on to attract global attention through viral demonstrations showing them running, dancing and performing martial arts.
Unitree’s revenue rose more than fourfold to nearly 1.7 billion yuan in 2025. Unlike many humanoid startups, it is profitable, reporting adjusted net profit of about 600 million yuan. Its overseas revenue accounted for more than 40% of sales during each of the reporting periods disclosed in its prospectus.
Why is Unitree Important?
Unitree has shown that China can manufacture sophisticated robots at prices far below many overseas competitors, drawing on the country’s extensive supply chains for motors, sensors, batteries and other components. It has also become a symbol of Beijing’s drive to dominate embodied intelligence, an emerging field that combines AI models with machines capable of navigating and interacting with the physical world.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
