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China humanoid robot stocks tumble after lofty AI-driven expectations
Unitree shares fell 55.0% from their peak less than a month after its Star Market listing, underscoring concerns about valuation optimism.
Economists and industry leaders are urging caution as AI becomes more central to China’s economic transformation, pointing to risks including inflated valuations for humanoid robotics companies and technology-driven widening of the wealth gap, according to SCMP Economy.
At a FutureChina Business Forum in Singapore, Daniel Zhang, managing partner of FirstLight Capital and former CEO of Alibaba Group Holding, said recent sharp declines in some Chinese humanoid robotics stocks reflect expectations that had become excessive.
Zhang cited Unitree Robotics as an example, saying no company could sustain the level of expectations seen around the sector, even if it is a strong business with a visionary founder.
SCMP Economy reports that Unitree shares dropped 55.0% from their peak less than a month after its blockbuster listing on Shanghai’s Nasdaq-style Star Market.
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