On July 2nd, the China Securities Regulatory Commission authorised the registration software of Unitree Technology for its preliminary public providing of shares and itemizing on the Science and Technology Innovation Board. This implies that the “first stock in the humanoid robot industry” is only one step away from being formally listed.
After the itemizing, the general valuation of Unitree Technology is roughly 42 billion yuan. Some staff who’ve been granted fairness incentives will see a important enhance in their internet value. This is a wealth impact of delayed gratification. The shares in the staff’ palms will take 3 to five years to be cashed out, however the industrial worth of Binjiang District, the place Unitree Technology is positioned, by no means waits.
From a GDP (Gross Domestic Product) of lower than 70 billion yuan in 2014 to exceeding 300 billion yuan in 2025; from a stretch of farmland to having a listed firm per sq. kilometer; from being often known as the “Hangzhou High – tech Zone” to the “China Digital Valley” – Binjiang District has accomplished a leap in regional vitality degree in about a decade.
Unitree Technology is the most recent achievement of this experiment. More enterprises like Unitree Technology are rising on this 72 – sq. – kilometer land.
Part One
What has Unitree Technology dropped at the area?
Approximately 4 kilometers southeast of Unitree Technology’s outdated headquarters in Fengda Creative Park, a new landmark referred to as the “China Digital Valley Building” is rising. This is Unitree Technology’s new workplace and in addition a new landmark for information issue reform and an innovation platform for the event of synthetic intelligence and embodied intelligence industries.
On June eleventh, a reporter from NBD (National Business Daily) noticed on the “China Digital Valley Building” that key phrases reminiscent of “incubation and acceleration”, “industrial empowerment”, and “capital drive” appeared continuously in the exhibition space.
Floors 3 to 12 of Building 3 in the China Digital Valley are labeled “Unitree Technology”. The NBD reporter noticed that a group of international groups had simply completed visiting the primary – ground exhibition corridor and have been getting ready to go away.
“There are such foreign visiting groups every day,” a workers member informed the NBD reporter. “Ordinary citizens can also make their own appointments to visit for free.”
On June eleventh, in entrance of the exhibition corridor of Hangzhou Unitree Technology, a international visiting group is ending their go to.
What has Unitree Technology dropped at the area by taking root right here?
Gu Binbin, the individual – in – cost of the Comprehensive Management Department of Hangzhou High – tech Innovation and Entrepreneurship Group, informed the NBD reporter: “Artificial intelligence is a strategic emerging industry that Hangzhou City and the High – tech Zone (Binjiang) have focused on deploying. It is also the core track for cultivating new productive forces. As a state – owned enterprise of the innovation and entrepreneurship platform, Hangzhou High – tech Innovation and Entrepreneurship Group undertakes the core functions of regional industrial cultivation, ecological construction, and resource coordination. It builds a full – chain support system for a large number of innovation entities, including Unitree Technology, around the overall situation of the development of the digital economy and intelligent industries in Hangzhou and Binjiang District.”
Relying on the institutional and mechanism benefits of the nationwide excessive – tech zone, the nationwide impartial innovation demonstration zone, and the Free Trade Binjiang Block in Hangzhou High – tech Zone (Binjiang), Hangzhou High – tech Innovation and Entrepreneurship Group is deeply concerned in the format of chopping – edge industries reminiscent of synthetic intelligence, information components, and embodied intelligence. Its enterprise covers your entire industrial chain, together with the transformation of scientific and technological achievements, the applying of situations, and the capital – pushed traction, and it connects the upstream and downstream of the trade with state – owned capital.
On May sixteenth, the National Artificial Intelligence Application Pilot Base (Embodied Intelligence) was formally unveiled in Hangzhou High – tech Zone (Binjiang). Unitree Technology, as a main enterprise, is deeply concerned in the co – building of the bottom.
Gu Binbin stated: “Relying on this national – level public technology platform, enterprises can be deeply involved in the formulation of technical standards, the co – creation of scenarios, and the verification of results, effectively reducing R & D and pilot – scale costs and shortening the cycle of result transformation. At the same time, by giving full play to the resource integration advantages of the national – level base, it helps enterprises to connect with industrial, scientific research, and market resources inside and outside the province, and build a cross – regional coordinated development pattern.”
The “leading goose effect” of main enterprises can be totally manifested. Gu Binbin launched: “Currently, the overall occupancy rate of the China Digital Valley has exceeded 90%. The enterprises that have settled in are mainly science and technology innovation enterprises in the fields of artificial intelligence and data factors. At the same time, a number of science and technology service and ecological cooperation organizations have gathered, and the industrial ecosystem is continuously improving.”
The agglomeration of industries in the end results in the gathering of skills. Public information exhibits that in 2025, 43,073 numerous varieties of skills have been newly launched in Binjiang District, and the proportion of postgraduate and doctoral college students exceeded 20%.
The reporter realized from the Party – Mass Service Center of the High – tech Zone (Binjiang) that there are additionally development and incubation platforms for the advance of younger folks’s talents and the event of begin – up enterprises.
“Different training courses are held here every week, with 20 to 25 participants in each session. There is also a maker camp now, targeting the current popular theme of ‘AI + 1 – person company’ and the relevant maker groups,” a workers member launched the common providers for entrepreneurs to the reporter. “There have been more than 26,000 members since 2020, so each class is always full.”
Part Two
The ‘New Technology Elites’ will turn into an vital drive in housing consumption
Regarding the longer term housing wants of the “new technology elites”, Li Yujia, the chief researcher of the Housing Policy Research Center of the Guangdong Urban Planning and Design Institute, stated in an interview with the NBD reporter on July 2nd:
“Considering that the valuations of artificial – intelligence – related enterprises are very high and the entrepreneurial atmosphere is strong, the startup teams and middle – and high – level executives will benefit from the prosperity of the capital market. It is expected that a large number of new technology elites will emerge. These people are all around 30 years old and will be an important force in the local housing consumption market.”
Currently, the housing wants of some “new Binjiang residents” are being transformed into actual buying energy. The NBD reporter realized from an interview that in the Jinchuanyuan venture, which is simply 600 meters away from Unitree Technology’s outdated headquarters, almost 70% of the items have been offered inside a month of its opening.
Bi Yankui, the individual – in – cost of the Jinchuanyuan venture, informed the reporter: “The average total price of each unit in the project ranges from 8 million yuan to 14 million yuan. As of the time of the interview (June 11th), more than 40 units had been sold in June.”
“An employee of Unitree Technology has become an owner,” Bi Yankui, the individual – in – cost of the Jinchuanyuan venture, launched in an interview with the NBD reporter. “The 170 – square – meter unit has a total price of about 9.4 million yuan, and the payment method is a down payment plus a combined loan.” Bi Yankui launched that “from the opening at the end of May to June 11th, a total of more than 50 units were sold, and about 60% of the buyers are from technology enterprises in Binjiang.”
“Among them, there are two buyers from Huawei and Alibaba respectively, and one from NetEase and Hikvision respectively,” Bi Yankui stated.
Just south of the Qiantang River, inside a 3 – to 10 – minute drive from the core space of Binjiang, 3 of the “Six Luxury Residential Projects in Hangzhou” are clustered.
Among them, Wangtianji holds the file of the “land king” in phrases of the ground worth in Hangzhou at 77,409 yuan per sq. meter; Aoying Century Mansion exactly targets the brand new elites aged 35 to 45, and there have been 27 clients competing for one unit throughout its first opening; The common worth of China Overseas Wanchao Jiuxu has exceeded 100,000 yuan per sq. meter, and it was offered out twice after two openings… These luxurious residential tasks have gotten the subsequent cease for the asset allocation of the brand new know-how elites.
The itemizing of Unitree Technology has not introduced a right away “cash bonus”, however the “delayed release” of wealth from many know-how enterprises in the area has led to a lengthy – time period re – analysis of the worth of the Hangzhou actual property market.
Shangguan Jian, the director of the Hangzhou Shell Research Institute, stated straightforwardly in an interview with the NBD reporter: “The overall housing demand in Binjiang District, including the activity of the second – hand housing market and the amplitude of price adjustment, indeed reflects the industrial thickness of this region. Enterprises like Unitree Technology have an obvious supporting effect on the high – end market in the region.”
“In the past, the driving effect of technology companies on the Hangzhou real estate market was relatively straightforward. The most typical example is when Alibaba moved from Binjiang to the Future Science and Technology City, which had a very obvious pulling effect on the area. However, the ‘Six Technology Luxury Projects’ are still ‘young dragons’. Compared with Alibaba, in terms of both scale and the size of the high – net – worth population, they are different, and the purchasing demand they release is also different,” Shangguan Jian added.
Shangguan Jian believes that the influence of Unitree Technology’s itemizing available on the market must be seen in the lengthy – time period: “With the development of the digital technology and artificial intelligence industries in Hangzhou, more industrial chain enterprises will be attracted, which will in turn attract more population inflows. In the long run, it is of great significance to Hangzhou’s urban competitiveness, residential attractiveness, and rental demand.”
The housing demand in Binjiang District can be spilling over.
“People from high – tech enterprises in Binjiang District are buying houses on both sides of the Qiantang River,” Bi Yankui launched. “The new technology and Internet elites first consider buying houses within the region, but the supply of new houses in the region is limited. In addition to considering second – hand houses, rigid – demand and improvement – oriented homebuyers will also spill over to other regions.”
In Xiaoshan District, which is adjoining to Binjiang District, the gross sales of a number of tasks have continued to be scorching this yr. Statistics from the China Index Academy present that among the many high 10 in phrases of the gross sales quantity of economic residential buildings in Hangzhou from January to May 2026, 367 items have been offered in the Binjiang Xingyao Jinshangguanlan venture, 231 items in the Poly Tianjun venture, and 120 items in the Greentown Xiaolanyuhua Mansion venture.
“In the first half of 2026, new – house transactions with a single – unit price of more than 10 million yuan have become an important driving force in the market,” Li Yujia stated.
“Currently, the Hangzhou real estate market is in a stable stage. The increasing home – buying demand of employees in technology enterprises has a positive effect on the return of overall market confidence and the improvement of home – buying enthusiasm,” Shangguan Jian stated.
Part Three
One listed firm per sq. kilometer on common
Behind the commercial worth is the very best know-how focus in the province in Binjiang District.
In 2025, the variety of invention patents per 10,000 folks in Binjiang District reached 1,010.6, rating first in the province; the overall annual know-how transaction quantity was 42.87 billion yuan, rating first in the province for consecutive years. With solely 0.5% of town’s space, Binjiang District created 13.2% of town’s financial quantity.
The enthusiasm of enterprises to amass land and construct buildings right here can be rising. On May twenty eighth, Zhejiang Leapmotor Technology Co., Ltd. acquired a industrial and monetary land in the Binjiang International Business District of Hangzhou Olympic Sports Center for roughly 687 million yuan. Diagonally reverse is “Wangtianji”, one of many Six Luxury Residential Projects in Hangzhou.
Another listed firm, Zhonghe Technology, can be accelerating its format. In September 2025, Zhonghe Technology received the bid for the land plot No. 3 in Binjiang District (Binzheng Gongchu [2025] No. 3) with a complete worth of twenty-two.36 million yuan. It plans to speculate roughly 717 million yuan to construct the “Binjiang Global Headquarters and R & D Center”.
As early as April 2023, Qianxun Holdings received the bid for a land plot in the Yongjiuhe Unit of Binjiang District for 22.06 million yuan and plans to construct a “New Retail E – commerce Live – streaming Industrial Base” with a complete funding of a minimum of 300 million yuan.
“This kind of land transfer reflects that the attractiveness of Binjiang District to enterprises is continuously increasing,” Shangguan Jian stated. “Many enterprises like Unitree Technology have developed step by step on this land. There are more than 70 listed companies on the 72 – square – kilometer land in the entire Binjiang District, with an average of more than one listed company per square kilometer, which shows the industrial thickness.”
The subsequent step for Unitree Technology is to proceed to take root in Binjiang District.
The prospectus exhibits that the overall funding in this fundraising venture is 4.202 billion yuan. Among them, the funding in buying and renovating the R & D middle for the native R & D middle of clever robots is 655 million yuan, and the funding in the location of the clever robotic manufacturing base venture is 309 million yuan. The two tasks are deliberate to be constructed in the Hangzhou High – tech Industrial Development Zone (Binjiang). The firm has obtained the “Letter on Ensuring the Development Space of Hangzhou Unitree Technology Co., Ltd.” issued by the Economic and Information Technology Bureau of the Hangzhou High – tech Development Zone (Binjiang).
From land insurance policies to industrial area, from main enterprises to industrial clusters, Binjiang District has accomplished a transformation of the city growth logic over time – industries lead regional worth. It does not chase after developments however turns into the pattern itself.
This article is from the WeChat public account “NBD Real Estate”, creator: Bao Jingjing. Republished by 36Kr with permission.