Eight Chinese Embodied AI Firms Valued at RMB 20 Billion by June 2026; Unitree and AGIBOT Lead on Shipments

By June 2026, eight Chinese embodied AI companies had reached a combined valuation of RMB 20 billion, including Unitree Technology, AGIBOT, Galaxy General, Xinghitu, Qianxun Intelligence, Zibianliang, Zhipingfang, and Lingxin Qiaoshou. AGIBOT became the first domestic embodied AI company to surpass 10,000 cumulative units produced in March 2026, and initiated its Hong Kong listing process in July.

Unitree Technology and AGIBOT are the only two companies whose valuations are supported by shipment volumes. According to Omdia, AGIBOT shipped 5,168 humanoid robots in 2025, while Unitree disclosed in its prospectus that it shipped 5,500 pure bipedal humanoid robots in 2025. Unitree reported 2025 revenue of RMB 1.699 billion and non-GAAP net profit of RMB 590 million, and has passed IPO registration on the STAR Market with an issuance valuation of approximately RMB 42 billion. AGIBOT's 2025 revenue exceeded RMB 1.05 billion, and it has initiated a Hong Kong listing.

Galaxy General, Xinghitu, Qianxun Intelligence, Zibianliang, and Zhipingfang have relatively small shipment volumes but large financing amounts. Galaxy General raised approximately RMB 7 billion cumulatively in less than three years. Zhipingfang completed 12 financing rounds within one year, with a single round of nearly RMB 5 billion in June 2026. Zibianliang completed three financing rounds in two months. Xinghitu secured two rounds totaling RMB 3 billion in less than two months. Qianxun Intelligence raised nearly RMB 5 billion in three rounds over three months. Lingxin Qiaoshou is the only company that does not manufacture the main body; after a Series B+ round in April 2026, its valuation exceeded RMB 20 billion, and in May it was reported to be seeking a new round at a USD 6 billion valuation.

In terms of data approach, Galaxy General started with 99% synthetic data, while the other seven companies primarily use real data. Zibianliang adopted a body-free data collection solution, reducing costs to one-fifth of traditional teleoperation. Qianxun Intelligence uses a multi-source fusion approach, cutting costs to one-tenth of traditional teleoperation. Xinghitu open-sourced the world's first real machine dataset for open scenarios, GOD. Zhipingfang built the open-source embodied model community AlphaBrain Platform. In March 2026, Unitree open-sourced a dataset containing 340 hours and 1.89 million action trajectories. In April 2026, AGIBOT open-sourced the AGIBOT WORLD 2026 dataset, and its subsidiary Mifeng Technology plans to achieve tens of millions of hours of data production capacity. Lingxin Qiaoshou built its own data factory and has accumulated data on over 500 types of human manipulation skills.

In application scenarios, scientific research and education are the current primary markets. In the first three quarters of 2025, scientific research and education customers contributed 73.6% of Unitree's humanoid robot revenue. Xinghitu has served over 150 embodied AI developers. AGIBOT released the Lingxi X2 EDU education edition. On industrial production lines, Qianxun Intelligence's robots are used on CATL battery production lines. Galaxy General's Galbot S1 achieves 24/7 operation at CATL's battery factory. Xinghitu cooperates with Lens Technology and BYD. Zibianliang introduced SAIC Motor's financial arm. Zhipingfang signed a three-year order for 1,000 units from HKC. In commercial retail and home scenarios, Zibianliang cooperated with 58 Daojia to launch a smart cleaning service priced at RMB 149 for three hours. Galaxy General launched an unmanned retail cabin. Qianxun Intelligence signed a four-year strategic cooperation with JD. com.