Hangzhou Unitree Technology Co., Ltd.
Chinese robotics company behind quadruped and humanoid robots, the first humanoid robot maker to go public in China.
Company Type
public
Founded
2016
Headquarters
Hangzhou, Zhejiang, China
Stock
Shanghai Stock Exchange (STAR Market): 688836
Revenue
RMB 1.7 billion (2025, reported)
Employees
~480
Primary Market
Asia Pacific
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About Hangzhou Unitree Technology Co., Ltd.
What does Unitree do?
Unitree builds quadruped robots and humanoid robots for consumer, research, education, and industrial customers. It produces more than 90% of core components in-house, allowing lower prices than competitors.
Is Unitree Robotics publicly traded?
Yes. Unitree listed on the Shanghai Stock Exchange STAR Market under ticker 688836 on August 20, 2026.
Who founded Unitree?
Wang Xingxing founded the company in Hangzhou in August 2016. He developed the XDog quadruped as a master's student at Shanghai University.
Where is Unitree headquartered?
Unitree is headquartered in Hangzhou, Zhejiang, China, in the Binjiang District.
Who owns Unitree?
The company is publicly held. Founder Wang Xingxing is the largest and controlling shareholder, alongside investors including Tencent, Alibaba, Meituan, and the National Social Security Fund.
When did Unitree IPO?
Unitree completed its IPO on August 20, 2026, pricing at 150.80 yuan per share and raising approximately 6.1 billion yuan, about $910 million.
History of Hangzhou Unitree Technology Co., Ltd.
Wang Xingxing founded the company on August 26, 2016, in a small office in Hangzhou's Binjiang District. A 1990-born engineer from Ningbo, he built the XDog quadruped for his master's thesis at Shanghai University before a brief stint at DJI and then starting Unitree.
The company launched quadruped product lines Go, A, and B through the late 2010s, building a consumer and research market. Investors including HongShan, Matrix Partners, and Shunwei Capital funded growth, joined by strategic money from Tencent, Meituan, Alibaba, Ant Group, and DeepSeek.
The pivot to humanoids came in 2024. The H1 and G1 robots put Unitree in the center of the embodied AI conversation, and the R1's roughly $5,900 price point democratized humanoid access for researchers and developers.
IPO preparation began with tutoring by CITIC Securities in 2025. The Shanghai Stock Exchange accepted the application in March 2026, and the STAR Market listing on August 20, 2026 raised approximately 6.1 billion yuan, about $910 million. Shares surged nearly 500% on debut, one of the largest first-day gains on the board.
Brands Owned by Hangzhou Unitree Technology Co., Ltd.
Hangzhou Unitree Technology Co., Ltd. owns 1 brand in our database. Explore the ownership tree below — click categories to expand and see individual brands.
Hangzhou Unitree Technology Co., Ltd.
public · Founded 2016 · Hangzhou, Zhejiang, China
1
brands
Stock Information
Hangzhou Unitree Technology Co., Ltd. Ownership: Pros & Cons
Advantages
- +First public humanoid robot company, a category-defining position
- +Vertical integration produces cost advantage no rival matches
- +Profitable in 2025, rare among robotics startups
- +Deep strategic investor base including Tencent, Alibaba, and DeepSeek
- +IPO proceeds fund humanoid scale-up
Considerations
- -Revenue of RMB 1.7 billion is small relative to the post-IPO valuation
- -Humanoid commercialization is unproven at scale
- -Competition from Tesla, Figure, and Boston Dynamics is intensifying
- -Q1 2026 net profit fell 52.6% year over year despite revenue growth
- -Founder concentration gives Wang Xingxing controlling influence
Frequently Asked Questions About Hangzhou Unitree Technology Co., Ltd.
What does Unitree do?
Unitree builds quadruped robots and humanoid robots for consumer, research, education, and industrial customers. It produces more than 90% of core components in-house, allowing lower prices than competitors.
Is Unitree Robotics publicly traded?
Yes. Unitree listed on the Shanghai Stock Exchange STAR Market under ticker 688836 on August 20, 2026.
Who founded Unitree?
Wang Xingxing founded the company in Hangzhou in August 2016. He developed the XDog quadruped as a master's student at Shanghai University.
Where is Unitree headquartered?
Unitree is headquartered in Hangzhou, Zhejiang, China, in the Binjiang District.
Who owns Unitree?
The company is publicly held. Founder Wang Xingxing is the largest and controlling shareholder, alongside investors including Tencent, Alibaba, Meituan, and the National Social Security Fund.
When did Unitree IPO?
Unitree completed its IPO on August 20, 2026, pricing at 150.80 yuan per share and raising approximately 6.1 billion yuan, about $910 million.
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