The Information reported that China's securities regulator is asking humanoid firms for recurring revenue and narrowing losses before they list. Exchange review materials show 73.6% of Unitree's revenue came from research and education buyers.
Reality
- Evidence56
- Adoption34
- Hype gap+18
- Incentives55
- Confidence48
The scrutiny centres on revenue booked through data collection centres and joint ventures that local governments capitalised. One person familiar with the review put the valuation impact at 60 to 70 percent if that revenue is stripped out.
Reality
- Evidence45
- Adoption28
- Hype gap+25
- Incentives65
- Confidence50
Celltrion Healthcare's 1.0088 trillion won in 2017 still stands alone, and Yanolja, Viva Republica and Galaxy Corporation are all pursuing US listings while KOSDAQ turnover runs at less than half January's.
Reality
- Evidence34
- Adoption
- Insufficient
- Hype gap+28
- Incentives62
- Confidence38
DeepSeek's first CFO arrives with CITIC Securities engaged and a 2027 listing as the goal. The near-term cash is a 50 billion yuan private round, and the two published accounts of June's valuation differ by nearly seven times.
Reality
- Evidence42
- Adoption33
- Hype gap+38
- Incentives66
- Confidence48
The finance ministry's cheques add up to exactly 300 billion yuan across eight institutions. The two bank placements leave roughly 60 billion for investors who are not the state to fund at the same price.
Reality
- Evidence68
- Adoption45
- Hype gap+15
- Incentives62
- Confidence70
The Qiji X1's rated load is 300 kilograms rounded into English units. What Beijing saw was a humanoid on the saddle and unsteady steps across a flat exhibition hall.
Reality
- Evidence22
- Adoption12
- Hype gap+45
- Incentives72
- Confidence33
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.
Reality
- Evidence60
- Adoption48
- Hype gap+34
- Incentives66
- Confidence52
A USDT-settled contract on a Shanghai memory maker follows SK Hynix and Samsung onto Binance Futures. The stated motive is lost crypto volume.
Reality
- Evidence24
- Adoption31
- Hype gap+37
- Incentives66
- Confidence27