Chinese Robot Startup Unitree Gears Up for Market Debut
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A Unitree Robotics B2 robot dog during the Super AI Conference in Singapore, on June 18, 2025. Photo: Bloomberg
Chinese robotics firm Unitree Technology Co. Ltd. said it aims to file for an initial public offering as soon as next month, reaffirming its identity as a company focused on civilian applications, as concerns mount over the military potential of its robotic systems.
The Hangzhou-based startup announced Tuesday that it plans to submit IPO documentation between October and December, adding that it will release more detailed financial and operational information during the process.
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What Happened When
- 2016：
- Unitree Technology Co. Ltd. was founded.
- 2023：
- Research firm GGII estimated Unitree held nearly 70% of the global market share for four-legged robots.
- During 2023 Hangzhou Asian Games：
- Unitree's robots carried javelins and discus equipment at track-and-field events.
- August 2023：
- Unitree unveiled its first humanoid robotics model.
- February 2024：
- Unitree completed a Series B2 fundraising round, raising around 1 billion yuan.
- 2024：
- Unitree launched the lightweight humanoid G1 at a price of 99,000 yuan ($13,600).
- Lunar New Year 2025：
- Unitree's humanoid robots performed during the Lunar New Year Gala.
- February 2025：
- Unitree CEO Wang Xingxing attended a high-level entrepreneurs’ forum.
- March 2025：
- Unitree reset the administrator password for affected Go1 units and discontinued Zhexi Cloud service days later due to cybersecurity concerns.
- April 2025：
- Overseas media claimed that Unitree’s Go1 robot dog contained a 'backdoor' vulnerability.
- June 2025：
- Unitree completed a Series C fundraising round (undisclosed amount).
- July 2025：
- China’s securities regulator disclosed that Unitree had filed for IPO tutoring with Citic Securities Co. Ltd. as sponsor.
- July 2025：
- Unitree and AgiBot jointly won a 120 million yuan procurement project from China Mobile Ltd.
- September 2, 2025：
- Unitree announced its plan to submit IPO documentation between October and December 2025, and issued statements addressing military and cybersecurity concerns.
- September 3, 2025：
- A quadruped robot dog, resembling Unitree’s designs, appeared in the military parade marking the 80th anniversary of the Japanese surrender.
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