Xiaomi's Lei Jun Addresses Rumors of 'Pocketing Over 10 Billion from Unitree Robotics' Share Subscription'
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Author:小编   

Lei Jun recently hosted a live session to discuss the Pengcheng launch and to dispel rumors suggesting that he had personally pocketed over 10 billion yuan by subscribing to new shares of Unitree Robotics. He clarified that the investment in question was an early-stage angel and venture capital initiative by Shunwei Capital in Unitree Robotics, rather than a personal financial move. Lei Jun revealed that he has been acquainted with Unitree's founder, Wang Xingxing, for quite some time. Moreover, Shunwei Capital was the sole investor in Unitree's Series A funding round, guided by a philosophy of backing hardcore technological innovation and nurturing young entrepreneurs. Earlier, Unitree had made an appearance at the Xiaomi SU7 event, and Lei Jun had personally visited Unitree to witness a demonstration by humanoid robots, even going so far as to test the robots' stability by giving one a kick.