Shares of Unitree Robotics, known as “the first humanoid robot stock” in China, continued their decline on Monday. By the close of trading, the drop had narrowed to 10.31 percent, with the stock closing at 603 yuan per share.

China’s robot boom hits a frenzy as Unitree’s IPO jumps to a $50 billion valuation, raising questions about revenue, risk and how fast the humanoid market can mature.

Shares of Unitree Robotics, known as “the first humanoid robot stock” in China, continued their decline on Monday. By the close of trading, the drop had narrowed to 10.31 percent,…