Born Nantong. Physics olympiad into Tsinghua aerospace BS+MS. China's first quadrotor 2007. Founded Sky Factory. Cracked high-speed motor tech 2017 (150K RPM). Lei Jun invested. 15B yuan revenue 2024. Plans EV to rival Bugatti by 2027. Sep 2025 launched IPO targeting 150B yuan valuation; ecosystem business units to begin batch IPOs from end of 2026 across global exchanges. Dec 2025 acquired 54.9% of A-share Jiamei Packaging (002969.SZ) for 2.28B yuan to become controller, paving the way for batch listings. Opened a Pre-IPO round in Jun 2026 at a pre-money valuation of about RMB 70B (RMB 350M minimum ticket, targeting RMB 3.5–7B), reportedly eyeing a Hong Kong IPO as early as 2027; Dreame robot vacuums ranked No. 1 globally in 1Q 2026 (1.555M units, 23.7% share). Yu has also announced an EV for 2027, an AI-astronomy unit and a phone, with a plan to list multiple units separately.