Chinese regulators are tightening approval for humanoid robotics startups seeking initial public offerings (IPOs) after a volatile debut by industry leader Unitree Robotics. The China Securities Regulatory Commission has issued informal 'window guidance' to investment banks and firms, raising the bar for humanoid IPOs. Companies must now demonstrate recurring revenue, a path to narrowing losses, or real innovation before approvals are considered. This move aims to cool down a sector seen as rife with copycats and lacking technological breakthroughs.
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