China’s Robot Bubble Bursts: 97% Fake Orders, Unitree’s $30B Vanishes As Shares Crash
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From the outside, no other technology sector appeared more glamorous than humanoid robots in 2026. Industry figures looked almost unbelievable. In the first half of the year, China’s humanoid robot shipments exceeded 40,000 units, capturing 97% of the global market share. Dozens of technology companies held billions of yuan in potential orders, rushed toward IPOs, and showcased robots at product launches that could fold clothes, precisely tighten screws, perform backflips, and walk smoothly, creating the impression that China was about to lead the world in the field.
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