Hangzhou’s state-owned assets coming in with snow-in-help at the critical moment is really key—hard tech needs patient capital, and Unitree has managed to see it through.

Original Title: Yushu Passes the Review, Hangzhou Comes Out on Top

Original Author: Chen Mei, Tou Zhong Network

Original Link:

Repost: Mars Finance

Today, Yushu Technology officially passed the review for the Sci-Tech Innovation Board. It plans to raise 4.202 billion yuan, which will be used for the R&D of intelligent robot models, as well as the robot bodies and more. This means that this leading company among the “Hangzhou Six Little Dragons” will officially become the “first stock in humanoid robots.”

Before this, Yushu Technology’s Wang Xingxing had gone through a long period of dormancy. It wasn’t until 2022 that the robot dogs produced by Yushu were put into commercial use in fields such as inspection and logistics. Only after they proved practical value did the market recognize them—breaking the outside stereotype that its robot products are “only for display or entertainment.”

Refine a sword for ten years. Looking back on the journey, what supported Wang Xingxing and Yushu was nothing more than a pure love for “mechanical creations,” along with the strong backing of Hangzhou’s state-owned capital at the moment when Yushu was at its most difficult—offering timely help when it mattered most.