Story perspectives

Unitree Robotics Shares Jump 629% in Shanghai Debut

8/20/2026

Summary

Story summary

Unitree Robotics’ shares surged up to 629% in its Shanghai STAR Market debut.
The Hangzhou-based firm raised 6.1 billion yuan ($904 million) in the IPO.
Shares closed at 845 yuan ($125), valuing Unitree near $50 billion and giving founder-CEO Wang Xingxing $12 billion wealth.
Unitree shipped about 5,500 humanoid robots in 2025, holding roughly 31% of the global market.
U.S. regulators banned foreign-made humanoid robots, prompting the Pentagon to list Unitree as a Chinese defense-linked firm.

History

Historical Context

The Shanghai Stock Exchange, re-opened in December 1990, created the STAR Market in 2019 to channel technology firms onto a technology-focused board. This move built on decades of reforms dating back to Deng’s 1978 opening and positioned the exchange—now the world’s third-largest by market value at over $10 trillion in 2026.

1 of 2

Story summary

Unitree Robotics’ shares surged up to 629% in its Shanghai STAR Market debut.
The Hangzhou-based firm raised 6.1 billion yuan ($904 million) in the IPO.
Shares closed at 845 yuan ($125), valuing Unitree near $50 billion and giving founder-CEO Wang Xingxing $12 billion wealth.
Unitree shipped about 5,500 humanoid robots in 2025, holding roughly 31% of the global market.
U.S. regulators banned foreign-made humanoid robots, prompting the Pentagon to list Unitree as a Chinese defense-linked firm.

1 / 2