Unitree Technology's early angel investor Yin Fangming made a seed round investment when the company was founded in 2016, contributing 2 million yuan for a 15% stake, which was the company's first external financing. According to Odaily, after multiple later financing rounds diluted the holding, Jinwan Hongyi, controlled by Yin, held 11.1749 million shares, or about 2.76%, before the IPO, making it Unitree Technology's 10th-largest shareholder. Based on the offering market value of 61 billion yuan, the stake was worth about 1.685 billion yuan, compared with the original 2 million yuan investment cost.