China slows humanoid robot IPO rush as valuations face scrutiny
Chinese regulators are scrutinizing humanoid-robot companies’ IPO push, focusing on whether high valuations and revenue linked to state-backed projects reflect commercial demand.
Chinese regulators are slowing a rush of humanoid-robot companies seeking listings, people familiar with the matter said, as they scrutinise whether soaring valuations and revenue tied to state-backed projects reflect commercial demand. The slowdown was mainly triggered by a volatile stock market and concerns over whether some applicants can justify their valuations, the people said.