Unitree Robotics surges 600% in record Shanghai STAR Market debut

Published Aug 20, 09:30 AM UTC

Chinese robotics company Unitree made a spectacular stock market debut on August 19, 2026, on Shanghai's STAR Market, with shares surging over 600% on the first day. The IPO raised 6.1 billion yuan (approximately $905 million) and was oversubscribed more than 8,000 times, setting a record for the exchange. Founded in 2016 and backed by Meituan, Alibaba, Tencent, and DeepSeek, Unitree has become the world's largest seller of humanoid robots, delivering over 5,500 units last year. The company posted a net income of 278 million yuan ($41 million) in 2025. Its robots have gained cultural prominence through performances on China's Lunar New Year gala and America's Got Talent. The IPO reflects strong investor enthusiasm for humanoid robotics and China's strategic prioritization of the sector, with the government committing about $138 billion in state venture capital to AI and robotics.