Unitree IPO Oversubscribed 8,000 Times

DeepSeek has invested $20.8 million in Unitree's Shanghai IPO, which was oversubscribed by retail investors by more than 8,000 times. Unitree, a Chinese robot maker, priced its Shanghai initial public offering at 150.8 yuan per share and seeks to raise 6.1 billion yuan ($904 million) in the offering.

Unitree plans to invest about 4.20 billion yuan of IPO proceeds across four projects. The company's revenue rose to 1.70 billion yuan in 2025 from 392.77 million yuan in 2024, with overseas sales accounting for 43.65% of its main-business revenue in 2025.

In the first half of 2026, Unitree shipped about 5,900 humanoid robots, giving it a 31% global share. However, its domestic rival AgiBot surpassed it to become the world's largest humanoid robot vendor, shipping roughly 8,400 humanoid robots and capturing 44% of the global market.

Unitree has become a symbol of Beijing's drive to dominate embodied intelligence, an emerging field that combines AI models with machines capable of navigating and interacting with the physical world. The company's commercial success has shown that China can manufacture sophisticated robots at prices far below many overseas competitors.

## What happens next The investment by DeepSeek, a Chinese AI firm, will help Unitree develop advanced AI models for humanoid robots. The partnership combines AI expertise with mechanical engineering capabilities, aiming to overcome challenges in robot autonomy and understanding. Unitree's IPO and the investment by DeepSeek are significant steps in the company's growth and its plans to expand its presence in the global humanoid robot market.

## Why it matters Unitree's success has significant implications for the global robotics industry. The company's ability to manufacture sophisticated robots at competitive prices has drawn attention from universities, government-backed projects, and other industries. However, it remains to be seen whether humanoid robots can replace workers in the long term. The current demand for humanoid robots mostly stems from universities and government-backed projects, and it is unclear whether they can be widely adopted in industries such as manufacturing and services.

The investment by DeepSeek and Unitree's IPO are also significant for China's drive to dominate embodied intelligence. The country's extensive supply chains for motors, sensors, batteries, and other components have given Chinese robot makers a competitive edge in the global market. As Unitree and other Chinese robot makers continue to grow and expand their presence in the global market, they are likely to play a significant role in shaping the future of the robotics industry.