Featured

Unitree market value retraces nearly 70%; Wang Xingxing admits at CIIF he did not believe in AI enough

Less than two months after its listing, Unitree Technology's share price fell from a high of 1,237 yuan to around 420 yuan, wiping out more than 270 billion yuan in market value, with a maximum drawdown of nearly 70%. Founder Wang Xingxing said on October 12 at the Shanghai International Industry Fair that his biggest mistake over the past decade-plus was not believing in AI enough, and gave a forecast that the robotics era could reach an inflection point in as soon as one to two years. Unitree is building a physical AI self-evolution system. The stock closed up 3.64% the day after his remarks.

Part of the event: Wang Xingxing says at the Industry Expo that he underestimated AI; Unitree's stock price sees a major pullback

This page provides a summary and source link only.