Startup profile for Unitree: what they do, why they are interesting, stage (public), industries, and links to our funding articles. Part of the Venture Capital Tracker startup directory.
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Unitree startup funding profile

Hangzhou maker of quadruped and humanoid robots; first humanoid listing on mainland China’s STAR Market.

Stage

public

Status

public

Coverage

full

Overview

Unitree Robotics, legally Yushu Technology Co. Ltd., listed on the Shanghai STAR Market on August 19, 2026, under ticker 688836.SH. The company sold about 40.4 million shares at 150.8 yuan, raising 6.1 billion yuan (about US$904 million). Shares opened at 1,100 yuan (+629%) and closed day one at 845 yuan (+460%+), per BBC. By August 25, Straits Times / Reuters put the giveback at about 45% from that debut pop; Yicai put the August 24 close at 603.08 yuan. The Business Times, citing the prospectus, reports 2025 revenue of 1.7 billion yuan, net profit of 278 million yuan, more than 5,500 humanoid robots shipped in 2025, and more than 33,000 cumulative quadruped sales. Unitree is the first humanoid robot maker listed on mainland A-shares; UBTech listed earlier in Hong Kong. The U.S. FCC in July 2026 banned imports of future foreign-made humanoid and quadruped models, including Unitree. Founded 2016 in Hangzhou by Wang Xingxing.

Why Unitree is interesting

August 19, 2026 IPO (688836.SH) raised 6.1 billion yuan (~US$904M). Day-one close 845 yuan (+460%, BBC). By August 25 the stock had given back about 45% of that debut pop (Straits Times / Reuters). Prospectus (via press) shows 2025 profit — rare in humanoids — while new U.S. models are FCC-blocked.

Product & use cases

Consumer and industry quadruped robots, humanoid robots (including the G1), manipulators, and core components (motors, reducers, controllers).

  • Research and university robotics
  • Inspection, entertainment, and demonstration humanoids
  • Lower-ASP quadrupeds versus Boston Dynamics Spot

Key facts

  • IPO Aug 19, 2026: STAR Market 688836.SH; 6.1B yuan (~US$904M) at 150.8 yuan (BT/Caixin)
  • Open 1,100 yuan (+629%); Aug 19 close 845 yuan (+460%+, BBC)
  • By Aug 25: ~45% giveback from the debut pop (Straits Times / Reuters); Yicai Aug 24 close 603.08 yuan
  • Prospectus via BT: 2025 revenue 1.7B yuan, net profit 278M yuan, >5,500 humanoids shipped
  • First mainland A-share humanoid listing — not first Chinese humanoid listing (UBTech is HK)
  • U.S. FCC ban on future foreign humanoid/quadruped models (July 2026)

Fundraising history

IPO (STAR Market)

2026-08 6.1B yuan (~US$904M)

Source: https://www.businesstimes.com.sg/companies-markets/unitree-robotics-debut-after-us904-million-shanghai-ipo-rides-embodied-ai-wave

Competitive landscape

Edge: Shipped volume and a 2025 profit print that most Western humanoid peers have not shown publicly, plus A-share listing proceeds. U.S. new-model import path is blocked.

Unitree is a public hardware print with consumer-like ASPs and a China listing. Apptronik is a private U.S. industrial bet. Do not use Unitree’s first-day open cap as Apptronik’s comparable.

  • Apptronik adjacent

    Private U.S. humanoid; $520M extension at $5B (Feb 2026). See /startup/apptronik.

  • UBTech direct

    Chinese humanoid peer listed in Hong Kong earlier; BT cites ~20× sales vs Unitree’s 35.89× at IPO price.

  • Boston Dynamics / Tesla Optimus incumbent

    Higher-ASP Western hardware; Tesla not yet delivering, per BBC (Aug 19, 2026).

Industries

Robotics AI & Machine Learning

Market / IPO context

Ticker: 688836.SH (Shanghai STAR Market)

IPO status: public

IPO date: 2026-08-19

Note: IPO price implied ~61B yuan. Open print ~US$66B (SCMP). Aug 19 close 845 yuan (BBC). Aug 24 close 603.08 yuan (Yicai). ~45% giveback from debut pop by Aug 25 (Straits Times). Do not freeze one dollar cap.

Editorial / static context — not a live quote.

Related funding articles

Venture Capital Tracker pieces that cover Unitree's financing or category context.

FAQs about Unitree

Practical answers founders, operators, and investors typically search for.

Yes. Unitree (Yushu Technology) listed on Shanghai’s STAR Market on August 19, 2026, as 688836.SH.
About 6.1 billion yuan (about US$904 million) at 150.8 yuan a share.
688836.SH on the Shanghai STAR Market.
The Business Times, citing the prospectus, reported 2025 net profit of 278 million yuan on 1.7 billion yuan of revenue. That is press restatement of the filing, not our audit.
Apptronik is private at a $5B February 2026 mark. Unitree is public in Shanghai with a first-day pop and a U.S. import ban on future models. See /startup/apptronik.
The FCC banned imports of future foreign-made humanoid and quadruped models in July 2026, including Unitree, per The Business Times.
First mainland China A-share humanoid listing. UBTech listed in Hong Kong earlier.
It depends on the print. IPO price implied about 61 billion yuan. The open was widely reported near US$66 billion. BBC close was 845 yuan. Use the close, not the open, as the end-of-day fact.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.