Industry
48 trillion won wiped out in three weeks as bubble warnings flash for China humanoid robot play Unitree
Shares of China humanoid robot maker Unitree Robotics fell below 500 yuan on Sept. 10, extending a sharp pullback about three weeks after its listing. Its market value has dropped by more than 240 billion yuan from its peak after an initial surge that briefly lifted its market capitalisation to about 445 billion yuan. Despite the fall, the stock still trades above its IPO price. Regulators are also seen tightening scrutiny of humanoid robot IPOs.
