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Shanghai-based humanoid robot rival cited as shipping 5,168 units last year, just behind Unitree.
Peggy Johnson says the SPAC still closes this fall. The order book is $300M of potential contract value, not revenue, and the trust money depends on redemptions.
Reality
China's World Humanoid Robot Games scored household and hotel runs out of 300 points, docking collisions and drops and halving credit when a person stepped in. The penalties are the interesting part.
Reality
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.
Reality
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.
Reality
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.
Reality