World's largest humanoid robot maker Unitree's founder becomes billionaire ahead of IPO
Based on his ownership stake, the 36-year-old has amassed an estimated fortune of $2.4 billion, according to Forbes. The company, also known as Yushu Technology, plans to raise 6.1 billion yuan through the IPO, with Chinese AI startup DeepSeek among its strategic investors, according to…
According to the prospectus, the proceeds will be used to develop new products and improve software algorithms. It also supplies components such as lidar sensors and dexterous robotic hands.
The increased visibility was followed by rapid business growth. Speaking at an online investor meeting on Aug.
What Happened
He said Unitree is also expanding its product lineup to include humanoid, quadruped and mecha robots, with the goal of deploying robots in physically demanding and high-risk environments while allowing people to focus on more creative work. Addressing an investor's question about.
Based on his ownership stake, the 36-year-old has amassed an estimated fortune of $2.4 billion, according to Forbes.
The company, also known as Yushu Technology, plans to raise 6.1 billion yuan through the IPO, with Chinese AI startup DeepSeek among its strategic investors, according to the filing.
Founded by Wang in 2016 after a brief stint at Chinese drone giant DJI, Unitree has launched more than a dozen products, including quadruped robot dogs and humanoid robots.
Key Details
Federal Communications Commission on advanced robotics equipment, Wang said the company had already disclosed the risks posed by rising trade tensions and regulatory measures in its prospectus and other public filings. He said Unitree's current humanoid and quadruped robots have received U.S.
The company's profile rose sharply in early 2025 after its humanoid robots appeared at China's Spring Festival Gala, demonstrating capabilities including walking, running and performing martial arts.
According to the prospectus, Unitree shipped more than 5,500 humanoid robots in 2025, the highest volume globally.
Between 2023 and 2025, it also sold more than 33,000 quadruped robots, reinforcing its position as the world's largest supplier in that segment.
Why It Matters
Unitree's listing comes as a growing number of Chinese robotics startups, including Deep Robotics, Leju Robotics, AgiBot, X Square Robot and LimX Dynamics, prepare to enter public markets.
Annual shipments reached 14,400 units, with Chinese companies accounting for roughly 80% of humanoid robots shipped worldwide, CCTV News reported.
China is home to more than 140 humanoid robot manufacturers.
What Reports Say
Coverage of the story so far points to:
Continued reporting by VnExpress International as more details emerge
