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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.
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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