Unitree Technology officially began trading on the STAR Market today, surging as much as 629.44% at the open, with its share price reaching 1,100 yuan. As of IT Home’s publication, Unitree Technology’s share price had risen nearly 500%, giving it a market capitalization of over 360 billion yuan.
According to Yicai, the prospectus shows that Wang Xingxing, chairman, general manager, and chief technology officer of Unitree Technology, directly holds 86.714964 million company shares, representing 21.4395% of the company’s total share capital after the offering. Before the offering, Wang Xingxing also indirectly held a 9.5367% stake through the equity incentive platform Shanghai Yuyi. Calculated together, his direct and indirect holdings account for approximately 30% of the company, with a market value exceeding 100 billion yuan, making him the richest person born in the 1990s.
According to the list of entrepreneurs born in the 1990s released by New Fortune magazine in 2025, Liu Jingkang, founder of Insta360, was previously the richest person born in the 1990s, with a net worth of 20.2 billion yuan.
According to China News Service’s Zhongxin Jingwei, DeepSeek founder Liang Wenfeng’s companies DeepSeek, High-Flyer Quant, and Jiuzhang Asset were allocated approximately 1.1916 million shares through strategic placement and offline subscription. Calculated at the issue price, Liang Wenfeng’s potential paper profit from subscribing to Unitree Technology exceeded 1.1 billion yuan at its peak (based on a maximum price of 1,100 yuan per share). Astrend IV, an affiliate of Xiaomi founder Lei Jun’s Shunwei Capital, holds 16.106 million shares, with potential paper profits exceeding 15.2 billion yuan at the peak.