China robot maker Unitree’s post-listing slump sparks bubble fears

Unitree, a major Chinese robotics manufacturer, saw its stock plunge approximately 45% in the days following its Shanghai debut, triggering widespread concerns about speculative excess in the market and potential systemic issues with China’s initial public offering framework.
The company’s shares had surged more than fivefold on their first day of trading before entering a sharp correction that erased roughly $30 billion in valuation. At its peak, Unitree had reached a valuation of