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Unitree Robotics surges 629% to $62 bln valuation in Shanghai share debut_我的网站

A |     (ECNS) -- Chinese humanoid robot maker Unitree Robotics surged 629.44 percent to open at 1,100 yuan (about 161.99 U.S. dollars) per share in its Shanghai STAR Market debut Wednesday.    The opening gave the company a market capitalization of nearly 445 billion yuan ($62 billion), more than seven times its valuation at the IPO price.    The shares were priced at 150.8 yuan in the IPO. At the opening price, a 500-share IPO allotment represented a paper gain of about 474,600 yuan.    Unitree develops high-performance legged and humanoid robots for consumer and industrial use, as well as dexterous robotic arms. It was the world’s first company to publicly sell high-performance quadruped robots and among the earliest to bring them into industrial applications.    (By Intern Yang Hongran, Zhang Dongfang)                    。

B |     (ECNS) -- China has allocated 180 million yuan (about $26.52 million) in emergency disaster relief funds as heavy rains brought by Typhoon Dolphin triggered flooding in eastern provinces while drought conditions worsened in the northwest.    China's Ministry of Finance and Ministry of Emergency Management allocated 120 million yuan to Jiangsu, Zhejiang, Anhui, Fujian and Jiangxi on Monday to support flood and typhoon response, including evacuations, emergency rescue and repairs to damaged homes.    Another 60 million yuan was allocated to Inner Mongolia, Xinjiang Uygur Autonomous Region, and the Xinjiang Production and Construction Corps to address ongoing drought conditions.    Authorities have been urged to promptly distribute the funds and ensure they are used for disaster relief and affected communities.                                。

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