China’s Unitree soars in market debut as investors bet on humanoid robots

Unitree shares surge as much as 620 percent amid enthusiasm for burgeoning field of human-like robots.Published On 19 Aug 202619 Aug 2026China’s Unitree Robotics has soared in its market debut, a sign of investors’ confidence in Chinese innovation in the burgeoning field of human-like robots.Shares of Unitree surged more than 620 percent on Wednesday as it began trading in Shanghai, lifting the Hangzhou-based company’s market capitalisation to as high as 445 billion yuan ($66bn).Recommended Stories list of 4 itemslist 1 of 4Lebanon no longer a safe haven for former Syrian regime officialslist 2 of 4Ukraine’s ousted defence minister calls for elections during warlist 3 of 4South Africa to Australia: Why coal profits are surging during Iran warlist 4 of 4Scaling back US-South Korea drills may fail to woo Kim away from Chinaend of listUnitree’s shares on the tech-oriented STAR Market ended the day up 460 percent.Unitree, whose main competitors include China’s AgiBot and US-based Tesla and Boston Dynamics, had priced its initial public offering at 50.8 yuan per share for a company valuation of about 61 billion yuan ($9bn).The landmark IPO marked the first listing of a humanoid robotics...