Market Cap Evaporates 190 Billion, Unitree's IPO Shines for Only Half a Day?

Unitree Technology surged 629% at its opening on the first day of listing, with its market cap briefly hitting 440 billion yuan, only to see over 190 billion evaporate over the following four trading days. An investor who bought at 800 yuan became the "bag holder" in his social circle, while founder Wang Xingxing remained expressionless throughout the bell-ringing ceremony. Beneath the glamour, 73% of humanoid robot revenue still relies on research and education procurement, with true factory mass production yet to arrive.