China Stock of the Day | Kabutaro & Friends

Unitree Robotics<688836>, a Hangzhou-based maker of humanoid and quadruped robots, was the Chinese stock most talked about online on October 23, 2026.
Background: Unitree, which listed on the STAR Market on August 19, hit limit-up with the maximum 20% gain in the afternoon of the 23rd and closed at 624 yuan. It was the stock's first limit-up since listing, its market capitalization rose above 250 billion yuan again, and turnover reached 4.7 billion yuan. The share price has risen 54% over the six trading days since October 16. At the 2026 World Physical AI Conference held the previous day, the 22nd, Chairman Wang Xingxing said annual production is only in the tens of thousands of units and that production capacity is still far from enough for mass adoption, adding that if one robot were deployed in every factory, commercial facility and home, annual output could reach the scale of 10 million units. On the 23rd, robot-related A-shares hit limit-up one after another, and the ChiNext Index rose sharply by 4.16%.