The competition in humanoid robotics is intensifying between the US and China, with several Chinese AI robotics companies emerging strongly amid this contest. Among them, Hangzhou-based Unitree Robotics has marked a significant milestone by completing a strategic investment round, positioning itself for entry into the capital markets.
Strategic funding sets IPO stage
In May 2025, Unitree Robotics finalized its Series C financing, reaching a valuation of CNY12 billion (US$2.95 billion). The funding round, led by major industry players including Tencent Holdings Ltd., China Mobile, Alibaba, and Geely Holding Group, raised around CNY700 million. Existing shareholders also participated, reinforcing confidence in the company's growth trajectory.
This financing is widely regarded within the industry as preparation for a restructure completed at the end of May 2025, with the company transitioning into a joint-stock company. This change is seen as a precursor to an initial public offering, indicating a potential acceleration in the process of going public.
Pre-listing positioning takes shape
Industry sources suggest that this round may be the company's last major pre-listing financing. The involvement of new strategic investors highlights not only financial backing but also access to expertise in areas such as artificial intelligence, cloud computing, and smart manufacturing technologies. These sectors align with Unitree Robotics' core business and future expansion plans.
Although Xingxing Wang, founder of Unitree Robotics, has not publicly confirmed the exact timing for the IPO, insiders speculate that the company is considering listing options beyond the domestic A-share market, with the Hong Kong Stock Exchange as a probable alternative. Industry analysts point to similar IPO cycles in the sector and estimate that Unitree Robotics could make its market debut as early as the first quarter of 2026.
Broader market implications
The strategic funding round and corporate restructuring underscore the dynamic developments within China's AI and robotics sector, which continues to strengthen its position against international competitors. Unitree Robotics' trajectory reflects broader trends shaping the future of humanoid robot innovation and commercialization on a global scale.
Article edited by Jerry Chen
