DeepSeek founder Liang Wenfeng has expanded his position in Unitree Robotics ahead of its IPO, participating via off-line subscription through High-Flyer Quant and Jiuzhang Asset for 38.94M yuan (258,200 shares across 198 funds).

This adds to DeepSeek's strategic placement of 141M yuan (933,400 shares, 36-month lockup), bringing the combined holding to 1.19M shares (~179.9M yuan).

If Unitree’s market cap hits 300B yuan on debut, Liang’s total unrealized profit could reach ~704M yuan.