China’s IPO system faces scrutiny after the robotics company’s debut and sell-off

Humanoid robot maker Unitree’s 460% surge in its Shanghai stock market debut on Wednesday was the latest in a series of eye-watering first trading-day pops fetched by some recent…

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.