UBTECH Robotics Company Profile: History, Financials, Products and Stock
Updated: 7 days ago
UBTECH Robotics is a Shenzhen company that makes humanoid and service robots and was the first humanoid robot maker to list in Hong Kong. Zhou Jian founded it in 2012. It is loss-making, and its shares have fallen by almost half over the past year. This profile sets out its history, results, products and listing.
UBTECH at a Glance
Fact | Detail |
Company | UBTECH Robotics |
Founded | March 31, 2012, by Zhou Jian |
Headquarters | Shenzhen, Guangdong, China |
Employees | 2,013 in 2023 |
Revenue | CNY 1.06 billion in 2023 |
Net loss | CNY 1.27 billion in 2023 |
Stock listing | Hong Kong Stock Exchange: 9880, since December 2023 |
Market capitalization | About USD 4.6 billion in October 2026 |
Company History
UBTECH first became known for small humanoid robots for education and entertainment. In 2018 it set a Guinness record with 1,372 of its Alpha S1 robots dancing at once. A funding round in 2019 involving Tencent and ICBC valued it at USD 5 billion. During the pandemic its robots were used in hospitals in Shenzhen, and in 2021 it delivered robots to 300 preschools in Seoul.
It listed in Hong Kong in December 2023, raising HKD 1 billion, and has since turned toward industrial humanoids with the Walker S series.
Key milestones
2012: Founded in Shenzhen.
2018: Guinness record with dancing Alpha S1 robots.
2019: Valued at USD 5 billion.
December 2023: Listed in Hong Kong.
October 2024: Walker S1 and Walker S Lite launched for industrial use.
February 2026: Open-sources its Thinker vision-language model.
Products
Product | Description |
Walker S1 and Walker S Lite | Industrial humanoid robots, launched in October 2024 |
Alpha series | Small humanoid robots for education and entertainment |
Service robots | Robots for hospitals, schools and public spaces, including a disinfection robot |
Thinker | Vision-language AI model, open-sourced in 2026 |
Financial Performance
Item | 2023 |
Revenue | CNY 1.06 billion |
Net loss | CNY 1.27 billion |
The loss exceeded revenue in 2023, the latest year confirmed in the sources used here.
Stock Information
Item | Detail |
Listing | Hong Kong Stock Exchange: 9880 |
Market capitalization | About USD 4.6 billion in October 2026 |
Share price | Equivalent to about USD 9.14 |
One-year change | Down about 47% |
Note: share prices are indicative figures as of early October 2026 and change daily. This section is general information, not investment advice.
Strengths and Challenges
Strengths
More than a decade of humanoid development.
A listed company with access to capital markets.
A move into industrial applications.
Challenges
Losses larger than revenue.
A share price that has fallen sharply.
Strong and cheaper domestic competitors.
Current Catalogue Coverage
Catalogue checked on 15 October 2026: 1 associated product records. The links below are representative entries, rather than a claim that every historical model is currently available.
UBTECH FAQ
Is UBTECH publicly traded?
Yes, on the Hong Kong Stock Exchange under the code 9880, since December 2023.
Who founded UBTECH?
Zhou Jian, in 2012.
What is Walker S?
UBTECH's series of industrial humanoid robots, launched in October 2024.
Is UBTECH profitable?
No. It reported a net loss of CNY 1.27 billion for 2023.
Where is UBTECH based?
In Shenzhen, China.
Sources
Wikipedia: UBtech Robotics
CompaniesMarketCap: UBTECH Robotics
