China's Unitree unveils 'Superman' robot as fervor builds ahead of Shanghai debut

The Japan Times 

China's Unitree unveils'Superman' robot as fervor builds ahead of Shanghai debut SHANGHAI/BEIJING - China's Unitree unveiled a new high-speed robot it dubbed "Superman" on Monday, days before becoming the first general-purpose robotics company to list on mainland China's stock market. Unitree, the world's biggest humanoid-robot maker by sales, will start trading in Shanghai on Wednesday after raising 6.1 billion yuan ($905 million) in an initial public offering last week. The company, based in the eastern Chinese tech hub of Hangzhou, said it developed the new robot in just over three months. It achieved a standing jump of 2 meters and reached a top speed of 12.66 meters per second. The Shanghai debut coincides with the opening of the World Robot Conference in Beijing, adding to investor attention on a company whose humanoid robots have drawn global notice for running, dancing and performing martial arts. The IPO was more than 8,000 times oversubscribed by retail investors, a record for Shanghai's tech-focused STAR Market.