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Founder and CEO of Unitree, a Chinese robotics company known for quadruped and humanoid robots that debuted on the STAR Market.
Shanghai's action plan targets 8,000 factory humanoid robots and 500 advanced smart factories by 2028, Chinese media reported. Set against existing humanoid capacity, the first number is modest, so the supplier case rests on the factory and density targets.
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The sprint number came from a company video of a three-month-old prototype. The listing is the durable fact: the first general-purpose robotics company on mainland China's market.
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Shanghai has valued a small but profitable robot maker above Figure AI, Baidu and JD.com. The multiple, not the machines, is the number to check.
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Three down sessions took the stock back toward what a Chinese listing normally does on day one. The valuation it is falling from has barely moved.
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The 80% workload figure came from a technician rather than from Meta, and the arm that would deliver it still cannot match human speed, which makes this a pilot worth pricing rather than a substitution worth modelling.
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A 45% slide from a 460% debut reads like a verdict on humanoid robots. The arithmetic says the market has not yet finished disagreeing with the offer price.
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A Chinese humanoid maker popped 460% on debut the same week Evergrande's founder was jailed for life. Solar, batteries and cars already show what state-funded buildouts do to margins.
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Shanghai priced the first mainland humanoid listing at more than seven times its offer. The benchmark it sets was built on robot dogs sold to universities.
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Wang Xingxing says a robot should complete about 80% of voice or text instructions in a house it has never seen. He also says the software may be a decade away.
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AI-led ICT and bio took about 38 percent of Korea's record 8.87 trillion won half. Unitree closed its Shanghai debut up 460 percent, at an implied 1,200 times earnings.
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Unitree closed its Shanghai debut worth about $53 billion on $252 million of revenue. That number is now the comp in every robotics board deck, and it is not a demand signal.
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Reuters reports that Unitree's Go2 descends from openly published, US military-funded locomotion work. Anyone buying legged robots now inherits that dual-use history.
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The Hangzhou maker sold about a tenth of itself for roughly $900mn, with retail demand covering the offer more than 8,000 times. Most of what it ships is still quadrupeds.
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Unitree is pricing at roughly 36 times revenue while Shein seeks under one times. China's primary market is re-rating sectors wholesale, not picking companies.
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Retail investors bid more than 5,000 times the shares on offer. The prospectus underneath shows adjusted quarterly profit down 52.55% and robot hands that still cannot work a full shift.
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