business · SingTao

Lei Jun Clarifies 10 Billion Yuan Unitree Profit as Shunwei Capital Investment

SingTao · 2 SOURCES1 day ago2 MIN

Summary

Xiaomi (1810.HK) founder Lei Jun has publicly clarified that the viral rumor claiming he earned over 10 billion yuan from investing in Unitree Technology (688836.SH) was inaccurate. During a livestream on his social media account Monday evening, Lei Jun stated the profit came through Shunwei Capital, a venture capital fund he co-founded, rather than his personal finances. He also emphasized the investment was made during early funding rounds, not through IPO subscription as some had speculated. The clarification comes as Unitree's stock price has declined significantly since its August listing on the Shanghai STAR Market.

Key Points

Xiaomi founder Lei Jun clarified during a Monday evening livestream that the 10 billion yuan profit came from Shunwei Capital, not his personal investment
Shunwei Capital was the sole investor in Unitree Technology's Series A funding round, with Lei Jun knowing founder Wang Xingxing for over a decade
The investment qualifies as early-stage angel and venture capital, not an IPO subscription
Shunwei's affiliated entity Astrend IV holds a 3.982% stake in Unitree, making it the fifth-largest shareholder with holdings worth approximately 136 billion yuan at listing
Unitree Technology listed on the Shanghai STAR Market in August, with its first-day market cap reaching 3.418 trillion yuan before falling to 1.978 trillion yuan by Tuesday

Why It Matters

The clarification highlights how prominent tech entrepreneurs like Lei Jun use venture capital vehicles rather than personal funds for strategic investments, reshaping how retail investors should interpret corporate leaders' wealth accumulation from tech holdings .