Unitree Robotics IPO: The Profitable Robot Maker Backed by Tencent & Alibaba is Going Public

Hangzhou Unitree Robotics Co., Ltd. (Yu Shu Ke Ji 宇树科技), a major player in the world of high-performance quadrupedal and humanoid robots, is officially gearing up for an IPO.

The company has just filed for IPO tutoring with Chinese regulators, a key first step towards a public listing.

This isn’t just another cash-burning startup story.

Unitree is one of the rare robotics companies that is already profitable, backed by a who’s who of Chinese tech titans.

Let’s break down what you need to know.

The Road to a Public Offering: Tutoring with CITIC Securities

Unitree has kicked off its pre-IPO journey by enlisting CITIC Securities (Zhongxin Zhengquan 中信证券) as its tutoring institution.

In the Chinese market, this “tutoring” phase is a mandatory, formal process where a securities firm assesses a company’s readiness for an IPO, ensuring its corporate governance and financials are up to snuff.

Here’s the game plan:

• The Assessment: CITIC Securities will conduct a deep dive into Unitree Robotics, with a target completion date of October 2025.
• The Paperwork: Following the assessment, CITIC will help Unitree prepare all the necessary application documents for the IPO.
• The A-Team: Joining CITIC are Beijing Deheng Law Firm as legal counsel and Rongcheng Certified Public Accountants for auditing.

Meet the Leader at the Helm

The company is steered by its founder, Wang Xingxing (Wang Xingxing 王兴兴).

He is the controlling shareholder and actual controller, with a significant stake in the company.

• He directly holds 23.8216% of Unitree’s equity.
• He controls another 10.9414% through Shanghai Yuyi Enterprise Management Consulting Partnership (Shanghai Yuyi Qiye Guanli Zixun Hehuo Qiye (Youxian Hehuo) 上海宇翼企业管理咨询合伙企业(有限合伙)).
• This brings his total control to a solid 34.7630%.

• Direct Holding: 23.8216%
• Indirect Holding (via Shanghai Yuyi): 10.9414%
• Total Control: 34.7630%

Beyond the Hype: A Look at the Bottom Line

Here’s where Unitree really stands out from the crowd.

During the recent Summer Davos Forum, Wang Xingxing revealed that Unitree’s annual revenue has soared past ¥1.0 billion RMB ($137.9 million USD).

But the real kicker?

Profitability.

Zhao Nan (Zhao Nan 赵楠), founder of SevenUp Capital and an early investor, confirmed that Unitree has been profitable year-on-year since 2020.

This is a massive achievement in the capital-intensive robotics industry, where many high-flying names are still deep in the red.

• Annual Revenue: Over ¥1.0 billion RMB ($137.9 million USD)
• Profitability: Year-on-year profit since 2020

Following the Money: Unitree’s Powerhouse Backers

When you see the investor list, you know this is serious business.

Unitree has attracted funding from some of the biggest names in technology and finance.

Recent Funding Rounds

• Series C (June 2025): This recent round was a heavyweight affair, co-led by funds associated with:
  • China Mobile (Zhongguo Yidong 中国移动)
  • Tencent (Tengxun 腾讯)
  • Jinqiu (Jinqiu 锦秋)
  • Alibaba (Alibaba 阿里)
  • Ant Group (Mayi Jintuan 蚂蚁)
  • Geely Capital (Jili Ziben 吉利资本)
• Series B2 (February 2024): This round raised nearly ¥1.0 billion RMB ($137.9 million USD) and included participants like:
  • Meituan (Meituan 美团)
  • Goldenstone Investment (Jinshi Touzi 金石投资)
  • Source Code Capital (Yuanma Ziben 源码资本)
  • Shenzhen Capital Group (Shenchuangtou 深创投)
  • And several other existing shareholders.

Unitree’s Product Arsenal: From Viral Dogs to Humanoid Helpers

Unitree operates on two main fronts: building cool robots for consumers and powerful platforms for developers.

• Quadrupedal Robots: Think “robot dogs.” These are primarily aimed at the consumer market and have gained massive online attention.
• Humanoid Robots: These are targeted at developers, who can use Unitree’s hardware as a base to create their own applications by tweaking perception and motion algorithms.

Meet the Humanoids: G1 and What’s Next

Unitree currently offers two humanoid robots, the H1 and the G1.

The G1, in particular, made waves with its incredibly competitive starting price of just ¥99,000 RMB ($13,656 USD), making advanced robotics more accessible than ever.

And they’re not stopping there.

On May 30, 2025, the company teased a new product, likely a humanoid robot with 26 degrees of freedom.

The most intriguing part was the price hint: “$?000”.

This suggests a price point in the thousands of US dollars, which could mean their next robot is even cheaper than the groundbreaking G1.

From Lab to Real-World Contracts: The China Mobile Deal

Unitree isn’t just building research bots; they’re landing major commercial deals.

In a significant win, Unitree was awarded a contract by a subsidiary of China Mobile, one of the world’s largest telecom operators.

The project was for “Humanoid Bipedal Robot OEM Service Procurement,” and Unitree secured Package 2.

Here are the details of their win:

• What they’re providing: Small-sized humanoid bipedal robots, computing backpacks, and five-fingered dexterous hands.
• Contract Value: ¥46.05 million RMB ($6.35 million USD).

This partnership is a huge vote of confidence and demonstrates the real-world demand for Unitree’s technology.

With a pending IPO, proven profitability, a roster of A-list investors, and growing commercial traction, the future looks bright for Unitree Robotics.

References

• Unitree Robotics initiates IPO tutoring, CITIC Securities serves as tutoring institution – Shanghai Securities News
• Unitree Robotics Official Website – Unitree Robotics
• CITIC Securities Official Website – CITIC Securities
• SevenUp Capital Official Website – SevenUp Capital