From Building Robo Dogs in a Garage to Billionaire CEO, Yushu Wang Xingxing Rides the Robot Wave

BlockBeats News, August 19th. Ubitech officially landed on the Sci-Tech Innovation Board, and its stock price soared on the first day of trading. The company's IPO price was 150.80 yuan per share, and the closing price reached 845 yuan per share, with a total market value exceeding 340 billion yuan. Calculated by shareholding ratio, founder Wang Xingxing, born in 1990, holds shares worth over 100 billion yuan.

Wang Xingxing's rise is not the typical entrepreneurial path familiar in the traditional capital market. Without a top-tier university background or early attention in the robotics industry's heyday, he is more like an engineer who has long been immersed in technical research and development.

As early as his student years, Wang Xingxing had a keen interest in robotics. During his university years, he developed bipedal and quadrupedal robots at a relatively low cost, and during his master's degree, he launched the all-electric quadruped robot XDog, lowering the cost of robot development through an electric drive solution. In 2016, XDog's test video went viral overseas, and 26-year-old Wang Xingxing received his first 2 million yuan investment, then leaving DJI to found Ubitech.

In the early days of the business, the robotics track had not yet become a hot trend, and Ubitech also faced financial pressure. In 2017, the company released its first quadruped robot, Laikago, but the path to commercialization was not easy. Investors had concerns about Wang Xingxing's "grassroots background," but his emphasis on technology, products, and cost control gradually gained market recognition.

With the development of artificial intelligence technology and the rise of humanoid robots, Ubitech has experienced rapid growth. The humanoid robot dance performance at the 2025 Spring Festival Gala brought Ubitech into the public eye, and since then, the company has received high attention from industrial capital and the market.

Facing external admiration, Wang Xingxing still maintains an engineer's style. He once said that technological breakthroughs in the robotics field take time, and hype can put pressure on the industry. Compared to capital and brand exposure, he focuses more on product development and commercialization.

Currently, Ubitech has established a product system for quadruped robots and humanoid robots, and has released products such as the humanoid robot G1. With the company's listing, Wang Xingxing also faces new challenges: how to transition from a technical expert to a listed company manager, and how to maintain a leading edge in the increasingly competitive robotics industry.

From manufacturing robots at a low cost in the early years to now leading a hundred billion market value company, Wang Xingxing is undergoing the transition from a technical entrepreneur to a businessman.