TREE NEWS update: Unitree Robotics (688836.SH) surged 629% on its STAR Market debut on August 19, reaching a market cap of 445 billion yuan, making it the ‘first humanoid robot stock’ in A-shares. The company, which is the only profitable humanoid robot maker, saw its founder Wang Xingxing become China’s richest post-90s entrepreneur. Despite high valuation concerns, strong investor demand and strategic backing from DeepSeek, Tencent, and others highlight the market’s enthusiasm for the sector.
Unitree Robotics Soars 629% on STAR Market Debut, Becoming China’s First Humanoid Robot Stock
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