Unitree shares fell 11% on Thursday, pulling back a day after the Chinese robotics maker surged as much as 629% to 1,100 yuan in its Star Market debut. The rally briefly valued the company at 445 billion yuan (about $57 billion) after it raised 6.1 billion yuan in new funds.
Founder Wang Xingxing, whose stake is now worth roughly 110 billion yuan, said the robotics industry is marching toward a "ChatGPT moment" in embodied intelligence, predicting a major leap in robot software within two to three years in an optimistic scenario. DeepSeek, the Chinese AI startup, took a 2.3% stake in the float.
The listing follows Beijing's pledge to invest more than £100 billion in humanoid robotics, even as the United States banned imports of Chinese robots last month. More than 40% of Unitree's 2025 revenue came from overseas, with the U.S. accounting for about 13%.