Chinese Robot Manufacturer Unitree Debuts on Stock Exchange with 500% Valuation Surge

Unitree, a technology company, completed its initial public offering on the STAR Market of the Shanghai Stock Exchange, marking its entry into public trading. Shares surged, with gains reaching up to 629% on the first day, and the company achieved a market capitalization of 360 billion yuan. Wang Xingxing, CEO and founder of Unitree, controls approximately 30% of the company (21.44% directly and 9.54% indirectly). Based on current market valuation, his stake is valued at approximately 108 billion yuan, making him the richest billionaire of the post-1990 generation in China, surpassing Liu Jingkang, founder of Insta360, who previously led this ranking with a fortune of 20.2 billion yuan. Additionally, companies associated with DeepSeek founder Lu Wenfeng gained approximately 1.1 billion yuan in unrealized gains from the initial offering. Shunwei Capital, a fund created by entrepreneur Lei Jun, also benefited significantly with potential gains exceeding 15.2 billion yuan.