Unitree Robotics wins CSRC nod for RMB 12.7B STAR Market IPO

The China Securities Regulatory Commission approved the registration of Unitree Robotics' initial public offering on the STAR Market, advancing a listing that valued the robotics company at RMB 12.7 billion in its latest funding round.

The CSRC required the company to execute the IPO strictly according to the prospectus and underwriting plan submitted to the Shanghai Stock Exchange, with the approval valid for 12 months, according to a regulatory filing.

Founder Wang Xingxing held a 23.8216% stake before the listing, while Hanhai Information, a subsidiary of Meituan (03690.HK), owned 7.6114%, the prospectus shows. In June 2025, the company completed a market-oriented equity financing that valued it at RMB 12 billion pre-money and RMB 12.7 billion post-money.

The approval marks a milestone for Unitree, a Hangzhou-based developer of quadruped and humanoid robots that competes with global players such as Boston Dynamics and Tesla's Optimus. The STAR Market, China's Nasdaq-style board for technology companies, has become the primary listing venue for domestic robotics and AI firms seeking access to public capital markets.

The IPO proceeds will support Unitree's expansion in humanoid robot production and research, areas where Chinese companies are racing to capture market share in a global robotics market projected to exceed $200 billion by 2030. The company's valuation of RMB 12.7 billion positions it among the most valuable private robotics firms in China, though it remains well below the market capitalizations of listed peers such as Shenzhen-based UBTech Robotics.

This article is for informational purposes only and does not constitute investment advice.