Unitree Warns Of Emerging Scams

Unitree Robotics, a rapidly emerging star in China’s robotics industry, has issued a critical warning regarding scams targeting potential investors. As excitement surges around the humanoid robot sector, the company has noticed an increase in fraudulent schemes attempting to exploit this interest.

In a recent post on WeChat, the Hangzhou-based firm clarified its share management process. “All new Unitree shares and existing equity held by shareholders are directly managed by the company’s financing head,” they stated.

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The company emphasized that all official communications regarding shares will be conducted through authorized email channels.

Unitree firmly reiterated, “There is no middleman, middle shareholder, or middle company involved in our transactions.”

This announcement aims to protect investors from deception and ensure that all dealings with Unitree are transparent and legitimate. As the humanoid robot market continues to grow, safeguarding investor interests remains a top priority for the company.

Unitree has recently attracted significant attention from investors, especially following a notable event last week. The company’s founder, Wang Xinxing, was spotted in the front row at a prestigious business symposium hosted by Chinese President Xi Jinping.

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At just 35 years old, Wang stood out as the youngest member of an elite gathering of tech leaders. This group included industry titans like Ren Zhengfei, the 80-year-old founder of Huawei Technologies, and Jack Ma, the 60-year-old co-founder of Alibaba Group Holding.

The presence of such influential figures at the symposium underscores the growing significance of Unitree in China’s technology landscape. Investors are keenly interested in companies that align with government priorities and showcase innovative potential.

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In recent weeks, stocks linked to Unitree have experienced a remarkable surge in China’s market. This spike followed a captivating performance by the company’s H1 robots during the highly anticipated Spring Festival Gala, broadcast by China Central Television (CCTV), which is regarded as the nation’s most-watched annual event.

Zhejiang Changsheng Sliding Bearings, a key supplier of robot arms for Unitree, has particularly benefited from this trend, with its share price skyrocketing more than threefold this year. The spotlight on Unitree has sparked a wave of excitement among investors and the general public alike.

However, amidst this growing interest, Unitree has issued a warning about the proliferation of misinformation surrounding the company. “There is now a lot of false information in the market, and almost all of it is fake,” they stated. “Please be careful to avoid being cheated.”

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Looking ahead, Unitree’s valuation is projected to reach at least 12 billion yuan (approximately US$1.6 billion) in its upcoming funding round. Guo Tao, a Beijing-based angel investor without any stake in the company, noted that numerous investment institutions are eager to invest.

Moreover, Chinese tech news site 36Kr has been actively reporting on transactions involving shares of private companies, further fueling interest in Unitree and its potential growth trajectory.
In September, Unitree Robotics secured significant financial backing during its latest funding round, achieving a valuation of 8 billion yuan. This impressive figure underscores the growing interest in advanced robotics and automation technologies.

The funding round attracted various investors, highlighting the potential of Unitree’s innovative robotic solutions. The company is known for its cutting-edge quadruped robots, which have applications in multiple sectors, including logistics, security, and research.

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With this new influx of capital, Unitree aims to enhance its research and development efforts. The goal is to accelerate the production of more sophisticated robotic models that can tackle complex tasks in dynamic environments.

As the global demand for automation continues to rise, Unitree is well-positioned to capitalize on emerging opportunities. The company’s commitment to innovation and quality has garnered it a strong reputation in the industry.

Overall, this funding round not only reflects investor confidence in Unitree but also signals a promising future for the robotics sector as a whole.

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