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Unitree founder, reported to have attended a 2025 gathering of tech entrepreneurs hosted by President Xi Jinping.
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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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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