Unitree IPO Makes Wang Xingxing the Richest Post-90s Entrepreneur

Unitree Technologies, a leading robotics firm, made its debut on the STAR Market of the Shanghai Stock Exchange on August 19. The company's shares opened at 1,100 yuan each, skyrocketing 629.44% from the IPO price, which valued the company at 444.9 billion yuan. This explosive market reception underscored strong investor confidence in the robotics sector.

As a result, founder and CEO Wang Xingxing's net worth surged past 100 billion yuan, a staggering leap that eclipsed his pre-IPO stake value of approximately 18.3 billion yuan. This achievement makes him the richest entrepreneur born in the 1990s in China, breaking the previous record of 20.2 billion yuan set by Liu Jingkang, founder of Insta360, according to the 2025 New Fortune magazine list.

Wang's meteoric rise highlights the growing value of robotics and AI companies in China's capital markets. The IPO not only solidified Unitree's position as a major player but also signaled a new era for young Chinese entrepreneurs in high-tech industries.