Shares in Chinese robotics pioneer Unitree surged over 600 percent on its Shanghai debut after raising more than $900 million in its IPO. The Hangzhou-based company’s success reflects China’s growing robotics industry supported by government backing and strong domestic supply chains. Unitree captured attention with its new humanoid robot ‘Superman’ capable of jumping two meters high and running as fast as 12.66 meters per second, surpassing Usain Bolt’s speed over 100 meters if sustained.
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