Xiaomi CEO Lei Jun denies personal profit from Unitree Robotics IPO rumors
Xiaomi CEO Lei Jun denied rumors that he personally made over 10 billion yuan from Unitree Robotics' IPO. During a September 21 livestream, he clarified the investment was made by Shunwei Capital as early-stage angel funding, not a personal IPO subscription. Unitree, the first humanoid robot stock on China's A-share market, surged 629.44% on its August 19 debut.
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Lei Jun Denies Personal Profit from Unitree IPO, Says Investment Was by Shunwei Capital
On September 21, 2024, Xiaomi founder and CEO Lei Jun addressed rumors during a camping livestream regarding his involvement with Unitree Technology, a humanoid robotics company that debuted on the A-share market on August 19, 2024, with its stock price surging 629.44% on the first day. Online speculation claimed Lei Jun personally made over 10 billion yuan from Unitree's IPO. Lei Jun clarified that the investment was not a personal one but was made by Shunwei Capital as an early-stage angel investment. He noted that he had known Unitree founder Wang Xingxing for over a decade and that Shunwei Capital was the sole investor in Unitree's Series A funding round, thus reaping the returns. Lei Jun explained that both Shunwei Capital and Xiaomi are actively building an ecosystem to support young entrepreneurs, especially in hardcore technology innovation, motivated by his own early struggles in securing funding.
Read sourceXiaomi CEO Lei Jun Denies Rumor of Making Over 10 Billion Yuan from Unitree Investment
On September 21, Xiaomi founder and CEO Lei Jun held a live broadcast to publicly refute a widely circulated online rumor claiming he personally made over 10 billion yuan from 'subscription' investments in Unitree Technology, a leading A-share humanoid robot company that surged after its August 19 IPO. Lei Jun clarified two key points: the investment was made by Shunwei Capital, not by him personally, and it was not an IPO subscription but an early-stage angel and venture capital investment made years ago. He noted that he has known Unitree founder Wang Xingxing for over a decade and that Shunwei Capital was the exclusive investor in Unitree's Series A round. Lei Jun stated that Shunwei's long-term investment philosophy is to back early-stage hard-tech projects and support young entrepreneurs. The article also mentions that Unitree's robots previously appeared at a Xiaomi SU7 launch event and that Lei Jun visited Unitree on September 14 to test its humanoid robots.
Read sourceLei Jun Clarifies Rumor of Making Over 10 Billion Yuan from Unitree Robotics IPO
In a live stream on September 22, Xiaomi founder Lei Jun addressed an online rumor claiming he made over 10 billion yuan from the IPO of humanoid robot company Unitree Technology. Lei Jun clarified that the investment was made by Shunwei Capital, not by him personally, and that it was an early-stage angel investment, not a 'new stock' (打新) purchase. He stated that he had known Unitree founder Wang Xingxing for over a decade and that Shunwei was the sole investor in Unitree's A-round. Lei Jun explained that Shunwei, along with other investment vehicles, supports hard-tech innovation and young entrepreneurs, motivated by his own difficulties in securing startup funding 20 years ago. Unitree Technology, known as the 'first A-share humanoid robot stock,' went public on August 19 with a first-day surge of 629.44%. Lei Jun had previously acknowledged the investment opportunity at a Xiaomi event in March and visited Unitree's facilities on September 14.
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Lei Jun Clarifies He Did Not Personally Invest in Unitree, Denies Making 100 Billion Yuan
On September 22, Xiaomi founder and CEO Lei Jun held a live stream to address rumors that he made over 100 billion yuan from investing in Unitree Robotics, the first humanoid robot company listed on China's A-share market. Unitree went public on August 19 with a 629.44% surge on its first trading day. Lei Jun clarified that the investment was made by Shunwei Capital, not by him personally, and that it was an early-stage angel investment, not a new stock subscription. He stated that he has known Unitree founder Wang Xingxing for over a decade and that Shunwei was the sole investor in Unitree's Series A round. Lei Jun explained that Shunwei and Xiaomi have several investment vehicles supporting hard-tech innovation and young entrepreneurs, motivated by his own difficulties in securing funding when he started his business 20 years ago. The article also notes that Wang Xingxing attended Xiaomi's spring product launch in March with Unitree's latest robot, and Lei Jun visited Unitree on September 14, where he was shown the humanoid robot and even kicked it.
Lei Jun Clarifies Investment in Unitree Robotics Was Early Angel Funding, Not IPO Flipping
On September 21, Xiaomi founder and CEO Lei Jun clarified during a live stream with blogger 'Shuoche de Afei' that reports of him making over 10 billion yuan from 'flipping' shares in Unitree Robotics were inaccurate. Lei Jun stated that the investment was not made by him personally but by Shunwei Capital, and it was an early-stage angel investment, not an IPO flipping trade. He also addressed a previous incident where he kicked a robot, commenting that its balance was quite good. The clarification follows a September 14 visit by Lei Jun to Unitree Robotics, where founder Wang Xingxing demonstrated humanoid robots. During the visit, Lei Jun watched a martial arts performance by a humanoid robot and physically interacted with it, causing the robot to step back and stabilize itself without falling.
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