According to the China Securities Regulatory Commission (CSRC), Unitree Robotics has begun its IPO preparation process, with CITIC Securities serving as the advisor. As a major player in China’s quadruped and humanoid robot sector, Unitree recorded over one billion yuan ($137 million) in revenue in 2024. Last month, Unitree completed its Series C funding, jointly led by investors including China Mobile, Tencent, JinQiu Capital, Alibaba, Ant Group, and Geely Capital. Following this round, the company’s post-investment valuation has exceeded RMB 12 billion ($1.64 billion). In terms of products, Unitree’s quadruped robots are primarily targeted at consumer markets, while its humanoid robots are geared towards developers. Developers can build on Unitree’s hardware and customize the robots by modifying their perception and motion algorithms. [Shanghai Securities News, in Chinese]
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