Meet Unitree, the 10-year-old robotics company whose shares jumped 600% in its stock market debut
Unitree, a 10-year-old robotics company from Hangzhou, made its stock market debut in Shanghai on August 19. The IPO raised 6.1 billion yuan and was oversubscribed by 8,000 times, the largest debut on Shanghai's STAR Market. Founded in 2016, Unitree experienced explosive growth, with revenue increasing tenfold from 2023 to 2025.
The company sold over 5,500 humanoid robots in 2024 and became China's largest android manufacturer. Unitree's revenue is primarily from humanoid and quadruped robots, with robot dogs contributing to 42% of sales. The company made a profit of 278 million yuan in 2025. Unitree's IPO highlights China's strategic importance placed on robotics as a national priority, with government support and a $138 billion investment.
However, geopolitical tensions, such as being added to the U.S. government's list of military-linked companies and import bans, pose challenges for Unitree's overseas growth.
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