China Slows Humanoid Robot IPOs Amid Valuation Concerns

Chinese companies that make humanoid robots have been rushing to sell shares to the public.

Regulators are now asking these companies to prove that their prices and sales are realistic.

This caution increased after Unitree Robotics shares rose very quickly and then lost much of their peak value.

Officials are checking whether some sales come mainly from projects supported by local governments.

They want to know if the robots also have lasting demand from regular customers.

Some investors and industry figures say the sector has become too excited and expensive.

Other investors still believe robotics is important and are willing to provide funding.

The government has not formally banned these IPOs, according to the reports.

Instead, approval standards appear to have become stricter while companies are asked to show real-world use.