Märkte: China bremst offenbar Börsengänge von Roboter-Herstellern

Chinese regulators appear to be slowing down the rush of humanoid robot manufacturers to go public, according to insiders. They are investigating whether the surge in valuation and state-funded project revenues align with genuine commercial demand. The slowdown is primarily attributed to the volatile stock debut of robot maker Unitree Robotics, according to several people familiar with the matter.

Its share price soared more than fivefold on its debut in Shanghai last month before falling 55 percent from its peak. The regulators reportedly held back several robot manufacturer initial public offerings (IPOs) through informal instructions. Beijing's government has declared "embodied intelligence" – AI systems capable of perceiving and acting in the physical world – as a strategic emerging industry, driving private capital and regional government investments.

Leo Wang, a venture capitalist at Qianchuang Capital, described the investment wave in the robotics sector as "campaign-style innovation." This hype led some founders to attract dozens of potential investors within weeks and reject routine due diligence checks. At least six Chinese robotics firms are preparing for an IPO, including Deep Robotics, X Square Robot, and Agibot.