Unitree soars 629% on debut, founder worth $18B+; ByteDance Seed reorganizes
创业邦 · wechat · 2026-08-20
Unitree listed on the STAR Market on Aug 19, opening up 629% at 1,100 RMB/share for a 444.9B RMB market cap—one lottery ticket netted 474,600 RMB. Founder Wang Xingxing's 31.29% stake puts his worth above 130B RMB. The day's other major news: Tesla's in-car system officially rolled out ByteDance's Doubao model, with Alibaba's Qwen in deep testing for Tesla China; ByteDance's Seed foundation-model team reorganized into four new divisions (PretrainData, HorizonRL, two product post-training units); Kuaishou's Q2 revenue hit 35.5B RMB with Kling AI earning 850M+ RMB, up over 200% YoY.
Also: OpenAI paused its largest frontier RL run for safety monitoring, its CFO told staff of a possible 2027-or-earlier IPO, and ChatGPT ads expand to 31 European countries next week; chip startup Etched raised $700M at a $21B valuation; Xiaomi teased a 1.7m bipedal humanoid with 66 DoF; JD.com pledged billions in robotics investment and 80 RoboBase sites; 29 US states' lawsuit against Meta over teen-harm algorithms went to trial; China's first intelligent-customer-service national standard takes effect Sept 1, making companies liable for AI replies.
Related event: Unitree Soars in Shanghai Debut as First Humanoid Robot Stock(12 posts)→
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