China's Unitree Robotics valued at $1.7 billion after successful funding round

In June 2025, Unitree Robotics, a prominent maker of humanoid robots based in Hangzhou, China, successfully completed a series C funding round, achieving a valuation of 12 billion yuan or approximately $1.7 billion. This funding attracted several significant investors, including Geely Automobile, Ant Group, and HongShan Capital Group, which previously operated as Sequoia Capital China. Industry insiders reported that the valuation was confirmed by two anonymous investors involved in the funding, while the company itself acknowledged the completion of the funding round but withheld further details. It is noteworthy that the Chinese media outlet Late Post reported the funding deal earlier, suggesting that additional investors, such as tech giants Tencent and Alibaba, as well as a state-affiliated fund from China Mobile, participated in raising an undisclosed amount—allegedly over 10 billion yuan. Founded in 2016 by Wang Xingxing, who serves as both CEO and CTO, Unitree has quickly ascended to a leading position in China's burgeoning robotics sector. Wang's interest in robotics ignited during his graduate studies in mechanical engineering, leading to the design of the XDog robot, which earned him recognition in a local competition back in 2013. Following a stint with DJI, the well-known Chinese drone manufacturer, he launched Unitree, which quickly gained traction in the industry through successive funding rounds. The series B funding, completed in the previous year, raised at least 1 billion yuan and involved substantial investors, such as Meituan, Source Code Capital, and Shenzhen Capital Group. Unitree's humanoid robots gained fame during various public performances, notably dancing alongside humans at the 2025 Spring Festival Gala, coinciding with the celebration of the Year of the Snake. Their capabilities extend beyond entertainment; these robots are also designed to perform household tasks like cooking and cleaning. Videos demonstrating their abilities appeared on various social media platforms, further showcasing their functionality to a broad audience. With robust backing from eminent investors and a commitment to innovation in robotics, the company symbolizes China's advancing technological landscape amidst ongoing economic obstacles. The recent funding not only signifies confidence in the company's future trajectory but also reflects a broader governmental push for private sector support under Xi Jinping's leadership, especially important in times of economic challenges. Unitree's rapid evolution and substantial backing place it at the forefront of a competitive robotics market. Its ability to draw investment from renowned Chinese corporations demonstrates a growing recognition of the importance of robotics in various sectors, including manufacturing and consumer services. As the field of robotics progresses, the implications of this investment could extend beyond commercial success, potentially influencing the future of labor and technology in China and around the globe. The company’s presence in high-profile events, along with demonstrated cultural engagement, indicates not just an aim for commercial viability but also a push for robotics as a mainstream aspect of daily life and entertainment.