What Is Unitree Robotics? How to Buy and Short It on MEXC

What Unitree Robotics Actually Does

Unitree builds legged robots. Wang Xingxing founded it in Hangzhou in 2016, starting with quadrupeds sold to universities, research labs and contractors. Humanoids came later and now carry the business — the G1, H1, H2 and R1 series, where the G1's RMB 99,000 launch price is why the name travels.

The third line is components: motors, reducers, dexterous hands, LiDAR and sensors, all made in-house. That vertical integration is the cost argument, and it shows in the margin — gross margin on core operations climbed from 44% in 2023 to 60% in 2025.

Scale, in disclosed figures: cumulative quadruped sales above 30,000 units, and more than 5,500 humanoids shipped in 2025, the highest annual figure any manufacturer has reported. Revenue reached around RMB 1.7 billion that year, net profit near RMB 280 million, and humanoid revenue overtook quadruped for the first time. Specifications are on Unitree's site.

Why Traders Are Watching the Unitree IPO

Unitree is going public on the Shanghai Stock Exchange's STAR Market under the code 688836. The exchange accepted the application on 20 March 2026 and its listing committee approved it on 1 June 2026, with the prospectus and issuance schedule following on 30 July 2026. Unitree is offering 40,446,434 new shares — 10% of share capital after the offering — targeting RMB 4.202 billion. Under a weighted-voting-rights structure, founder Wang Xingxing controls 68.78% of voting power, well above his economic stake.

The calendar runs tight. Bookbuilding is 5 August 2026, the issue price is announced 7 August, subscription opens 10 August under the code 787836, and payment settles 12 August.

What UNITREEUSDT Is on MEXC

UNITREEUSDT is a USDT-margined perpetual futures contract tracking a reference price for one Unitree ordinary share, in US dollars. It is not stock. Nothing settles in shares and it conveys no claim on the company.

Contract parameters — margin mode, maximum leverage, tick size, listing time — are set by MEXC and shown on the contract page. Read them there; a new instrument's terms can be revised, and a figure quoted elsewhere is no substitute. Being perpetual, the contract has no expiry and no delivery date, and it trades around the clock rather than following the underlying exchange's session.

Around the clock is not the same as uniform. MEXC splits stock futures trading into regular hours and a low-liquidity period, during which slippage widens, index prices can pause, take-profit and stop-loss orders may go unfilled, and leverage on new orders can be cut.

Before a company lists, its reference price must be estimated rather than observed. MEXC derives the pre-listing reference from an estimated valuation and share count, calls that share count indicative, and reserves the right to adjust the notional once actual share capital is confirmed. A notional adjustment changes what one contract represents, so read the clause before sizing a position.

The reason to use a contract rather than the stock is access. STAR Market shares are unavailable to most non-Chinese investors, and mainland individuals face a bar of RMB 500,000 in average account assets plus 24 months of trading experience. Before listing there is no public market at all. A perpetual settled in USDT sidesteps the brokerage account, the residency requirement and the threshold — and allows short exposure, which the underlying market does not offer retail.

How to Buy UNITREE on MEXC (Going Long)

Traders expecting Unitree's reference price to rise can open long exposure through the UNITREEUSDT perpetual futures contract. Six steps:

• 1. Fund your futures account. Transfer USDT from your spot wallet to your USDT-M futures account.
• 2. Open the UNITREEUSDT contract page. Search the ticker, or pick it from the Stocks section of the futures market list.
• 3. Set margin mode and leverage. Both are chosen on the order panel, within the limits the contract page shows.
• 4. Choose your order type. A limit order sets your entry price and waits; a market order fills immediately at whatever the book offers.
• 5. Enter your position size. Read the sizing note below before settling on a number.
• 6. Click Open Long. Then set a take-profit and stop-loss on the open position.

Step 5 deserves more thought than the entry price. Leverage sets how far the price can move against you before your margin is gone — at ten times, ten percent does it. Work that out for the leverage you select, before you select it.

For fuller instructions on opening and managing a position, read MEXC's stock futures guide.

How to Short UNITREE on MEXC

Traders expecting the reference price to fall can take short exposure through the same contract. This involves no borrowing and no selling of the underlying shares — the trader opens a short position in a derivative linked to Unitree's reference price.

• 1. Fund your futures account. Transfer USDT from your spot wallet to your USDT-M futures account.
• 2. Open the UNITREEUSDT contract page. Search the ticker, or pick it from the Stocks section of the futures market list.
• 3. Set margin mode and leverage. Same panel, same limits as the long side.
• 4. Choose your order type. Limit to name your entry price, market to fill immediately.
• 5. Enter your position size. The same margin arithmetic applies in reverse.
• 6. Click Open Short. Then set a take-profit and stop-loss.

Two things behave differently on the short side. Funding payments flow between longs and shorts depending on whether the contract trades above or below its reference, so a short can earn or pay funding over time. And losses on a short have no natural ceiling, because there is no upper bound on how far a price can rise.

The specific hazard here is the pricing calendar. A short held into the issue-price announcement or the trading debut faces a repricing event with no daily price limit attached — STAR Market shares trade without limits for their first five sessions.

What Happens After the IPO

Once the shares begin trading, the contract's reference stops being an estimate and starts tracking an observable price, converted from RMB to US dollars — a currency variable that does not exist today. Two gaps can open: one between the pre-listing implied price and the issue price set on 7 August 2026, another between that price and wherever the stock opens.

A third adjustment is contractual, not market-driven. MEXC has reserved the right to revise the notional once actual share capital is confirmed, which changes the exposure attached to one contract. Re-check open positions if it happens.

Risks to Understand First

• Liquidity. A newly listed pre-IPO contract can have a thin book and wide spreads, and slippage can exceed the move traded.
• Price uncertainty. The pre-listing reference comes from estimates, not an observable market in the shares.
• Gap risk. Prices can jump between levels without trading in between, and a stop-loss does not guarantee a fill at the stop price.
• Contract term adjustments. MEXC may revise the notional, leverage limits and other terms based on confirmed share capital or operational needs, and may apply early settlement or position adjustments around corporate actions such as rights issues or share splits.
• Regional availability. Stock futures are restricted in some jurisdictions; see the User Agreement.
• Asset-specific risk. Revenue roughly tripled in 2025, but from a small base, and Unitree posted net losses as recently as 2023. Much of the humanoid buyer base is still research and exhibition users rather than proven industrial deployment. The prospectus targets 75,000 humanoid units a year within five years — fourteen times 2025 output.

FAQ

How do I buy UNITREE on MEXC?

Fund your USDT-M futures account, open the UNITREEUSDT page, set margin mode, leverage, order type and size, then click Open Long.

How do I short or sell UNITREE on MEXC?

The same six steps, ending in Open Short rather than Open Long. No borrowing is involved — you open a derivative position, not shares you do not own.

Do I receive actual Unitree shares?

No. UNITREEUSDT settles in USDT and conveys no ownership, voting rights or dividend claim.

What leverage is available on UNITREEUSDT?

The maximum is set by MEXC and shown on the contract page, and can change for a newly listed instrument. Whatever the ceiling, higher leverage means a smaller adverse move wipes out your margin.

Can I trade when the underlying market is closed?

Yes. The contract trades around the clock, including weekends and Chinese holidays, though MEXC designates part of that window a low-liquidity period with wider slippage.

What does Unitree Robotics make?

Quadruped robots, humanoid robots, and the components inside them — motors, reducers, dexterous hands and sensors. It shipped over 5,500 humanoids in 2025.

What is Unitree's stock code?

688836 on the Shanghai Stock Exchange STAR Market. The online subscription code is 787836.

Can I buy Unitree shares directly?

Most investors outside mainland China cannot. Access needs a mainland brokerage account, RMB 500,000 in average account assets and 24 months of trading experience.

When is Unitree's IPO?

Bookbuilding runs 5 August 2026, the issue price is announced 7 August, subscription opens 10 August, payment settles 12 August. The exchange confirms the listing date afterwards.

Risk Warning

Pre-IPO perpetual futures products carry substantial risk, including leverage, forced liquidation, funding costs, limited liquidity, wide spreads, and price gaps when the underlying market is closed. Availability varies by jurisdiction. This article is for informational purposes only and does not constitute investment advice.