Unitree’s humanoid robots will perform on Thursday, the first day of the Mobile World Conference in Shanghai.
ying tang/nurphoto via Getty Images
According to people with this knowledge, Unitree Robotics, the manufacturer of humanoid robots whose founder recently met with Chinese President Xi Jinping, has completed the funding of Series C, which is 12 billion yuan ($1.7 billion) this month.
As an investor, the company attracted Chinese automakers Geely Automobile, Fintech Giant Ant Group, and investment company Hongshan Capital Group (formerly known as Sequoia Capital China). The 12 billion yuan valuation was confirmed by two investors who took part in the transaction but requested anonymity.
A Unitree representative said they confirmed that the company has completed Series C funding but have no further information to provide.
The Chinese media’s slow post reported the deal on the first Thursday, saying Unitary raised undisclosed amounts from investors, including tech giant Tencent, e-commerce behemoth Alibaba and funds affiliated with state-run telecommunications giant China Mobile with a rating of “over 10 billion euan.”
Founded in 2016, the company is currently at the forefront of China’s robotics industry. CEO and CTO, 35-year-old founder Wang Xingxing landed in the coveted front row seat in February at a meeting with Chinese President XI.
The meeting at the Beijing People’s Conference also included Alibaba co-founder Jack Ma, Tencent Chairman Ma Huaten, and Deepshek founder Lian Wenfeng. Xi has held a meeting to send a message of support to the private sector in China amid many economic challenges. Sitting in the first line before Xi was the King of Unitree, who later shook hands with the president.
Young entrepreneurs wearing glasses are helping to develop humanoid robots in China. This is because they are keen to dominate for a technical advantage with US unit Lee, and they want to dominate it as they developed products that include humanoid models priced from $1,600 to $16,000 to $16,000.
This will be billed for each of the Optimus Humanoid products compared to Tesla, which ranges from $20,000 to $30,000. According to a video clip posted to X Social Media accounts, Bipedal products from the American electric car pioneer can walk, dance and perform housework in cooking, cleaning tables, and trash dumps.
Unitree’s humanoids are shown to perform similar tasks in clips posted to their website. They shot the fame of the Chinese nationals when the robots danced with real people during their performance at the 2025 Spring Festival Gala. As China celebrated the beginning of the year of the Snake, a large audience saw the performance.
Unitree’s humanoid robots also take part in the marathon and are fighting real fighters in boxing competitions. Unitree representatives say the company manages more than two-thirds of the global market for quadruped robot dogs and leads the global sales of humanoid robots. However, representatives refuse to provide certain sales figures.
The founder King tracked his interest in robots in at least 2013. The young entrepreneur was pursuing a graduate degree in mechanical engineering at Shanghai University when he designed XDOG, a quadruped robot that helped him win the second award in the local competition.
Wang worked temporarily for the Chinese drone manufacturer DJI before establishing Unitree in 2016. In 2017, he raised a private amount of seed funds before moving on to complete the Series B round last year. At the time, his company raised at least 1 billion yuan from investors including Chinese food delivery giant Meituan, the investment company’s source code capital and Shenzhen Capital Group, which belonged to the state, according to Qichacha’s local regulatory application system.
