China Stock of the Day | Kabutaro & Friends

Unitree Robotics<688836>, dubbed "China's first humanoid robot stock," was the Chinese stock most talked about online on August 19, 2026.
Background: The company listed on the STAR Market that day. Against an issue price of RMB 150.80 (implying an issue P/E of 219.23x), the stock opened up 629.44% at RMB 1,100, briefly pushing market capitalization to RMB 444.9 billion, before easing as the broader humanoid robotics sector weakened through the session. It closed at RMB 845, up 460.34% (reported elsewhere as 456.65%) from the issue price, with market cap around RMB 341.8 billion. The online subscription winning rate was 0.01809759%, a record low for the STAR Market, drawn from roughly 9.7846 million valid applications; winning investors holding one lot (500 shares) saw paper gains of about RMB 474,600 based on the opening price, or about RMB 349,300 based on the closing price. The stock also drew attention for its shareholder roster of major internet firms including Meituan, Xiaomi, Alibaba, Tencent, and ByteDance, with DeepSeek's unusually long 36-month lockup on its strategic allocation also a talking point. The rally came even as the broader A-share market fell sharply that day (Shanghai Composite down 2.4%, ChiNext down 6.26%), fueling online debate over speculative overheating and valuation justification.