Unitree Robotics, one of the hottest start-ups in China, issued a warning about scams that aimed to exploit growing interest from investors seeking to acquire shares of the privately held company amid a frenzy around the humanoid robot sector.
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“All new Unitree shares and old equity belonging to shareholders are directly managed by the company’s financing head and communicated through official email,” the Hangzhou-based company said in a WeChat post on Wednesday. “There is no middleman, middle shareholder or middle company.”
Unitree has emerged as an attractive investor target after its founder Wang Xinxing was seen seated in the front row at Chinese President Xi Jinping’s high-profile business symposium last week.
Wang, 35, was the youngest among an elite group of tech executives in attendance, including Huawei Technologies founder Ren Zhengfei, 80, and Alibaba Group Holding founder Jack Ma, 60. Alibaba owns the South China Morning Post.
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Dancing robots take the stage at China’s Spring Festival Gala performance
Dancing robots take the stage at China’s Spring Festival Gala performance
Stocks associated with Unitree have surged in China’s market in recent weeks, after the company’s H1 robots gave a folk dance performance during this year’s Spring Festival Gala aired by state broadcaster China Central Television – the country’s most-watched show.
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Zhejiang Changsheng Sliding Bearings, a robot-arm supplier to Unitree, has seen its share price more than triple this year.