Unitree’s stock slump since IPO stokes fears of a bubble in Chinese humanoid robotics
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Shares in Chinese robotics star Unitree Robotics rebounded on Thursday following five straight days of losses that erased nearly half of its market value, although it did little to cool fears of a Chinese humanoid robot bubble.
The stock rose nearly 4 per cent to close at 615 yuan on Thursday, giving the company a market capitalisation of 248.8 billion yuan (US$37 billion), after touching a record low of 571 yuan on Wednesday.
That low marked a 48 per cent drop from its peak of 1,100 yuan on its
The stock rose nearly 4 per cent to close at 615 yuan on Thursday, giving the company a market capitalisation of 248.8 billion yuan (US$37 billion), after touching a record low of 571 yuan on Wednesday.
That low marked a 48 per cent drop from its peak of 1,100 yuan on its
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