Unitree Robotics, a prominent player in China’s fast-growing robotics sector, recently finalized a Series C investment round, increasing its estimated worth to nearly 12 billion yuan (around $1.7 billion). The deal marks a major milestone for the Hangzhou-based company as it accelerates humanoid and quadruped robot innovation efforts.
The funding round attracted heavyweight Chinese investors including Geely Automobile, Ant Group, and HongShan Capital Group (formerly Sequoia Capital China). Although Unitree confirmed the deal, it declined to comment further on the amount raised or specific terms of the investment.
According to Late Post, additional backers include Tencent, Alibaba, and a fund affiliated with China Mobile, pushing the company’s estimated value beyond 10 billion yuan.
Leading China’s Humanoid Robotics Revolution
Established in 2016 by Wang Xingxing, Unitree has grown into one of China’s most recognized innovators in robotics technology. Wang, who holds dual roles as CEO and CTO, received significant recognition earlier this year when he attended a high-profile meeting in Beijing’s Great Hall of the People, chaired by President Xi Jinping. The gathering also included top tech leaders such as Jack Ma and Ma Huateng, underscoring the state’s renewed commitment to supporting private enterprise in challenging economic times.
Unitree specializes in developing advanced robotic solutions, including robotic dogs starting at $1,600 and humanoid robots priced from $16,000. These robots have gained attention for their ability to walk, dance, and perform everyday tasks, positioning Unitree as a global competitor in the humanoid robotics race — even rivaling Tesla’s Optimus humanoid, which is expected to be priced between $20,000 and $30,000, serves as a benchmark competitor in the sector.
National Fame and Market Leadership
The company gained widespread attention after its humanoid robots appeared in the 2025 Spring Festival Gala — one of China’s most-watched holiday broadcasts, commemorating the Year of the Snake. The robots have also appeared in public sporting events, marathons, and even robot-versus-human boxing matches, further cementing their place in popular culture.
As stated by the company, Unitree commands a dominant share of the global market for four-legged robotic units and ranks among the top vendors internationally for humanoid robotics. However, specific sales figures have not been disclosed.
From Student Project to Robotics Empire
Wang Xingxing began his journey into robotics back in 2013 while pursuing his graduate degree at Shanghai University. His creation of a four-legged robot named XDog earned him recognition in academic circles. After a short stint with drone manufacturer DJI, Wang established Unitree in 2016 and quickly drew investor attention.
According to filings with local regulators, the company previously secured seed funding in 2017, followed by a Series B round in 2024, with contributions from Meituan, Source Code Capital, and Shenzhen Capital Group.
As of 2025, Unitree represents a new wave of Chinese tech firms aiming to lead the future of AI-powered robotics, aligning with the nation’s broader ambition to compete with the United States in advanced technology development.
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