DeepSeek invests RMB 141M in Unitree, 36-month lockup
Unitree's STAR Market IPO strategic placement list was disclosed, with DeepSeek's parent subscribing for 933,400 shares at RMB 141 million on a 36-month lockup, the longest among external strategic investors.
On the evening of August 6, Unitree disclosed its STAR Market IPO prospectus. Liang Wenfeng's Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd., the parent of DeepSeek, appeared on the strategic placement list, subscribing for 933,400 shares at about RMB 141 million with a 36-month lockup. Tencent, CNPC Kunlun Capital, Southern Power Grid, Tianyi Capital and others on the same list had a 12-month lockup, making DeepSeek the external strategic investor with the longest lockup.
At the online investor briefing on the afternoon of August 7, Unitree chairman Wang Xingxing publicly confirmed for the first time that the two sides had signed a Strategic Cooperation Memorandum covering AGI, high-performance general-purpose robots, and AI large models. According to a CITIC Securities special inspection report, the cooperation focuses on three points: joint R&D on embodied intelligence and large-model integration, mutual priority partnership on robot hardware procurement and solution deployment, and deep collaboration on embodied large-model training, intelligent computing cluster construction, and data.
Unitree set its IPO offering price at RMB 150.80 per share, implying a post-issuance market cap of about RMB 60.99 billion and total proceeds of around RMB 6.099 billion, of which 85% is earmarked for R&D with the largest single item being intelligent robots. Both Unitree and DeepSeek are members of the Hangzhou Six Dragons but operate in different lanes, with Unitree building robot bodies and DeepSeek building the model brain.