Unitree Robotics Prices Shanghai IPO at $9 Billion Valuation, Creating China's First Humanoid Robot Billionaire

Aug 7, 2026

Chinese humanoid robot maker Unitree Robotics has priced its Shanghai STAR Market IPO at 150.8 yuan per share, valuing the company at 61 billion yuan ($9.04 billion) and making 36-year-old founder Wang Xingxing a billionaire with a $2.4 billion fortune. The landmark listing, which secured a 140.8 million yuan strategic investment from AI startup DeepSeek, serves as a crucial valuation benchmark for China's embodied-AI sector amid rising U.S. import restrictions and intensifying domestic competition.

Unitree Shanghai IPO pricing

▪Unitree Robotics priced its Shanghai initial public offering at 150.8 yuan ($22.34) per share, valuing the company at approximately 61 billion yuan ($9.04 billion).
▪Unitree Robotics plans to raise 6.1 billion yuan ($904 million) by selling 40.45 million new shares, representing 10% of its enlarged share capital, on Shanghai's STAR Market.
▪Unitree Robotics plans to open IPO subscriptions on August 10, 2026, and use the proceeds to develop robot software and hardware, launch new products, and build a manufacturing base.

Wang Xingxing billionaire founder

▪Wang Xingxing founded Unitree Robotics in 2016 after briefly working for Chinese drone manufacturer DJI.
▪Wang Xingxing, the 36-year-old founder, chairman, CEO, and CTO of Unitree Robotics, has amassed a fortune of $2.4 billion based on his ownership in the company.

DeepSeek strategic investment

▪DeepSeek and Unitree Robotics agreed to jointly develop artificial intelligence models and embodied-intelligence technology for humanoid machines, with a three-year lock-up period on DeepSeek's investment.
▪Chinese artificial intelligence startup DeepSeek invested 140.8 million yuan ($20.8 million) in Unitree Robotics' IPO through a strategic placement, receiving 933,399 shares.

U.S. market tariff restrictions

▪Unitree Robotics generated between 10% and 13.3% of its sales from the United States last year, presenting a business risk if future models are blocked from the U.S. market.
▪The Trump administration announced a ban in July 2026 on imports of new Chinese humanoid and quadruped robot dogs, citing national security concerns.

Humanoid robotics valuation benchmark

▪Unitree Robotics' IPO will make it mainland China's first listed humanoid robot maker, serving as a valuation benchmark and potential ceiling for the country's embodied-AI sector.
▪Unitree Robotics' revenues surged over 300% to 1.7 billion yuan in 2025, with humanoid robots generating 867.8 million yuan to overtake four-legged robots as its largest business.
▪Unitree Robotics' first-quarter 2026 net profit fell 52.6% year-on-year to 40.3 million yuan due to rising research, development, and marketing costs amid intensifying market competition.