Yushu Technology Prepares for Landmark IPO on Sci-Tech Innovation Board

China's Unitree Robotics, a pioneer in quadruped robot technology, is accelerating its journey to the capital markets with plans for an initial public offering (IPO) on the Sci-Tech Innovation Board. This strategic move follows a significant $700 million (¥12 billion post-money valuation) Series C funding round concluded in late June, led by industry giants including Alibaba, Tencent, Ant Group, and Geely Capital.

Funding Round Signals IPO Readiness

The recent financing round is widely regarded as Unitree's final pre-IPO capital raise, underscoring the company's transition to public market preparedness. Investors familiar with the matter indicate the funding will bolster R&D and scale production of its advanced robotic systems. Notably, participation from China Mobile's investment arm highlights growing cross-industry interest in robotics infrastructure.

Market Position and Technological Edge

Founded in 2017, Unitree has emerged as China's foremost developer of agile quadruped robots, competing globally with Boston Dynamics. Its flagship models—used in logistics, surveillance, and industrial inspection—leverage proprietary AI-driven locomotion algorithms. The company holds over 200 patents and has deployed units across 30+ countries.

Regulatory and Industry Context

The Sci-Tech Innovation Board (STAR Market), launched in 2019, prioritizes high-tech enterprises with rigorous IP and revenue growth benchmarks. Unitree’s application aligns with China’s national strategy to dominate next-gen robotics, a sector projected to reach $15 billion domestically by 2028 (GGII data).

Key Points:

• Valuation: ¥12B ($1.7B) post-Series C
• Investors: Tencent, Alibaba, Ant Group co-lead
• IPO Target: Q1 2026 on STAR Market
• Differentiator: Patented AI mobility systems
• Market: Global robotics sector CAGR of 28% (2023–2030)