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China's Tiangong Ultra humanoid robot completed the 100-meter dash in 8.86 seconds at the World Humanoid Robot Games in Beijing on Tuesday, beating Usain Bolt's world record. The time improved on the robot's own 9.39-second opening-day performance and highlighted rapid advances in China's robotics sector.
Shares of Unitree, one of China's largest humanoid robot manufacturers, surged as much as 629% on their first day of trading on the Shanghai Stock Exchange on Wednesday, signaling robust investor confidence in China's tech sector. The Hangzhou-based company is raising funds to expand R&D and speed up commercialization of its humanoid robots.
Chinese robotics firm Unitree has priced its Shanghai IPO at 150.8 yuan per share, targeting 6.1 billion yuan ($904 million) in proceeds. Subscriptions begin Monday, and a successful listing would make it the first humanoid robot maker on a mainland exchange.
