China Stock of the Day | Kabutaro & Friends

Unitree Robotics<688836>, a leading humanoid robot maker, was the Chinese stock most talked about online on August 24, 2026.
Background: The stock closed down 10.31% at RMB 603.08 that day, shrinking its market capitalization to about RMB 243.9 billion. That marks a retracement of more than 44% from the RMB 1,100 opening high and RMB 444.9 billion market cap reached on its listing debut on August 19, with more than RMB 200 billion in market value erased. Its IPO price of RMB 150.80 carried a P/E ratio of 219 times, and only 7.44% of its shares are freely tradable. On August 20, founder Wang Xingxing said at the World Robot Conference that current robots are less efficient than humans and require retraining for new tasks, remarks taken by the market as a reason to reassess the lofty valuation. Amid a broader pullback in AI and computing-power shares, the company also ceded the top spot in humanoid robot market capitalization to the unlisted Figure AI (about RMB 269.1 billion), drawing wide online attention.