Unitree Robotics shares rebound following market decline
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Shares of the Hangzhou-based humanoid robot manufacturer Unitree Robotics rose nearly 4 percent to close at 615 yuan on Thursday, following a five-day decline that erased 200 billion yuan in market value. The stock had previously dropped 48 percent from its August 19 debut peak of 1,100 yuan to a record low of 571 yuan on Wednesday. As mainland China's first listed humanoid robot maker, Unitree serves as a valuation benchmark for private embodied-AI unicorns like Galbot. Industry analysts, including Dong Chen of Bank J. Safra Sarasin, questioned the company's valuation, citing high price-to-earnings ratios and intensifying competition in an infant industry.
Consequences
Continued volatility in Unitree’s stock price may influence the valuation expectations for other private AI companies seeking initial public offerings. The persistence of investor concerns regarding a potential market bubble suggests ongoing uncertainty for the broader humanoid robotics sector in China.
Sources
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