傲慢与偏见

Can China’s new IPOs bring clarity to global debate over its technological rise?_我的网站

A |     AI摘要      漳州城管局建立物业退出报备、交接指导及应急托管机制，避免小区失管。    

    Illustration: Xia Qing/GT
A few days ago, The New York Times published a story with the headline "China's Robots Know Kung Fu and Can Scale Walls. Can They Woo Investors?" Soon after, China's capital market delivered its answer through Unitree Robotics' IPO. Investors piled in so heavily that the preliminary online subscription multiple hit an eye-watering 8,288.82 times. The strong demand can, to some extent, be seen as a vote of confidence from investors in the commercial prospects of humanoid robots. The market's verdict is clear: China's robots have received a high score.
In recent months, China's robotics sector has drawn growing international attention. Some overseas commentators have questioned whether Chinese humanoid robots are still "performative rather than functional," casting doubt on the prospect of a large-scale commercial market emerging in the near term. The IPO of Unitree Robotics, however, has provided fresh evidence in that debate. According to the company's prospectus, its revenue rose from 159 million yuan ($23.6 million) in 2023 to 1.699 billion yuan in 2025. The numbers point to the expanding commercial potential of robotics.
For those seeking to gauge the progress of China's robotics industry, Unitree Robotics' prospectus is worth a closer look. Beyond the numbers, the document offers a detailed picture of the company's products, business model and growth strategy. Given Unitree Robotics' role as one of the sector's notable players, the prospectus also provides a useful reference point for assessing the industry's current stage of development.
Over the past few years, China's technology capabilities have expanded across a range of fields, from semiconductors and artificial intelligence to humanoid robots and beyond. This progress has given rise to a group of technology companies that are now entering a more active phase of public listings. The IPO of CXMT, for instance, attracted considerable attention. More technology companies are expected to follow. The emerging wave of technology IPOs suggests that China's capital market is accelerating its role in bringing technology companies closer to investors and the broader market.
As more Chinese technology companies enter the capital market, prospectuses, financial reports and market responses are bringing more information about their profitability and strategic direction into public view. This gives global observers more data points with which to assess China's technological development. Questions such as whether humanoid robots are merely a momentary wave of attention or a business opportunity backed by market fundamentals can increasingly be answered through financial markets. In this process, China's capital market is bringing more information into view and creating a reference point grounded in market realities for technology companies, one that exists beyond external narratives and speculation surrounding China's technological rise.
In recent years, China's technological rise has generated considerable international discussion. Within that discussion, two distorted narratives have emerged. One portrays China's technological progress as a "threat" far beyond what the evidence supports, while the other seeks to downplay its advances. The coexistence of these two opposing narratives has made it harder for the outside world to develop a more rational assessment of China's technological development.
China's technological progress does not need to be exaggerated, nor does it need to be underestimated. The capital market may be building an information base rooted in business realities, allowing investors to examine, evaluate and assign value to technology companies based on their actual performance. Such a mechanism could help address some of the questions surrounding China's technological development: How far has China's semiconductor industry advanced? Can external technology restrictions deliver their intended results? What directions will shape the next stage of growth?
As this information base rooted in business realities continues to evolve, international perceptions of China's technology sector should increasingly be grounded in facts. The West's engagement with Chinese technology companies could also be guided by market principles - making judgments based on business and economic realities rather than allowing politically driven narratives to distort assessments of technological progress.
The author is a reporter with the Global Times. [email protected]
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B | 通过提前介入、细化交接清单、临时托管等方式，今年已完成22个小区更替，兜底服务125个小区，保障服务平稳衔接。         小区物业企业退出后，服务如何衔接，如何才能避免小区“无人管”？记者日前从漳州市城市管理局了解到，针对物业服务更替过程中可能出现的管理空档，该局提前介入、主动服务，建立物业退出报备、交接指导、应急托管机制，推动物业退出有序、服务承接平稳。    不久前，在龙文区某小区，原物业服务企业退出后，居民一度担心环境保洁、设施维护等日常管理受到影响。属地及时介入，指导社区、业主委员会和新旧物业开展沟通协调，按照人员、设施设备、公共收益、维修资料等交接清单逐项核对，推动新物业企业顺利进场。如今，该小区保洁、秩序维护、设施报修等服务已恢复正常，居民生活未受明显影响。    这样的探索正在全市推进。据了解，市城管局已建立物业服务企业退出报备制度和动态台账，对可能出现失管风险的小区提前介入、分类研判，并指导物业行业协会发挥行业自律和桥梁纽带作用，协助推动物业服务企业规范退出、平稳交接。

C | 今年以来，累计摸排重点项目36个，督促完成交接方案20份。在物业更替过程中，属地指导街道社区、业主委员会和新旧物业同步衔接，细化人员、设施、账目、公共收益、维修资料等交接清单，已完成物业更替小区22个。对暂未选聘新物业的小区，通过临时托管、国企接管、社区代管等方式维持基本服务，累计指导兜底服务125个小区，化解交接纠纷5件。（漳州融媒记者 曾婷婷 通讯员 何娴）。

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