Unitree has officially begun trading on Shanghai’s STAR Market, with its shares opening more than 500% above the issue level and the company’s market capitalization surpassing RMB 350 billion, according to ChainCatcher. The company’s prospectus shows that chairman, general manager and chief technology officer Wang Xingxing directly holds 86.714964 million shares, equal to 21.4395% of total share capital after the offering. Before the issuance, Wang also indirectly held a 9.5367% stake through the equity incentive platform Shanghai Yuyi. Based on those disclosed figures, his combined direct and indirect holding comes to about 30%. The report said the value of those holdings exceeded RMB 100 billion, putting Wang at the top of the post-1990 rich list. It also cited New Fortune Magazine’s 2025 list of post-1990 entrepreneurs, which showed Insta360 founder Liu Jingkang with a fortune of RMB 20.2 billion as the new richest person in that age group at the time.
Unitree has officially listed and started trading on Shanghai’s STAR Market. At the opening, its shares were up more than 500%, giving the company a market capitalization of more than RMB 350 billion.
According to the company’s prospectus, Unitree chairman, general manager and chief technology officer Wang Xingxing directly holds 86.714964 million shares, representing 21.4395% of the company’s total share capital after the offering.
In addition to that direct stake, Wang held shares indirectly before the issuance through the equity incentive platform Shanghai Yuyi, accounting for 9.5367%.
Based on the disclosed figures, his combined direct and indirect ownership is about 30%. The report said the market value of those holdings exceeded RMB 100 billion.
The report added that Wang has become the richest person among those born in the 1990s. It also cited New Fortune Magazine’s 2025 list of post-1990 entrepreneurs, which showed Insta360 founder Liu Jingkang with a fortune of RMB 20.2 billion as the newest richest person in that group at the time.
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