Shares in China's best-known humanoid robot maker fell 11% on Thursday, a day after soaring nearly sixfold in their market debut, highlighting intense investor enthusiasm for a fledgling sector that enjoys strong backing from Beijing.

Shares of Chinese humanoid robotmaker Unitree Robotics soared on their debut on Wednesday on the STAR Market of the Shanghai Stock Exchange. The shares surged 629.44 percent at…

Unitree’s shares soared more than 600% in its Shanghai debut, riding a wave of investor enthusiasm for AI-powered machines even as widespread commercial use remains years off