Yushu Technology's listing on the Sci-Tech Innovation Board: Wang Xingxing's ten-year commitment to developing core components and exploring the path of embodied intelligence
At the end of 2024, Yushu Technology successfully listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange. Its opening price was 1100 yuan per share, representing a surge of 629.44% compared to the issue price. The total market value of the company was 444.9 billion yuan. Founded in 2014, its founder Wang Xingxing has insisted on developing core components in-house to reduce robot costs. His four-legged robot, Laikago, is priced only one-tenth of similar products from Boston Dynamics. The sales volume of humanoid robots increased from 5 units to 5215 units, with the average selling price dropping to 166,400 yuan. On the path of embodied intelligence, Wang Xingxing initially believed that simply accumulating data was insufficient to achieve success on this path, emphasizing the importance of exploring model architectures. However, as technology advanced, his attitude changed in 2025; he acknowledged that if there is enough data, it is still possible to “force” the development of models, and pointed out the current lack of a unified data paradigm. He opposed viewing phased solutions as definitive outcomes, advocating for adjusting judgments based on the current state of technology. This pragmatic approach has made him a benchmark in the industry.
At the end of 2024, Yushu Technology successfully listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange. Its opening price was 1100 yuan per share, representing a surge of 629.44% compared to the issue price. The total market value of the company was 444.9 billion yuan. Founded in 2014, its founder Wang Xingxing has consistently focused on developing core components independently to reduce robot costs. His four-legged robot, Laikago, is priced at only one-tenth of similar products from Boston Dynamics. The sales volume of humanoid robots increased from 5 units to 5215 units, with the average selling price dropping to 166,400 yuan. Although the industry places high importance on data, Wang Xingxing once believed that simply accumulating data was insufficient to achieve embodied intelligence, emphasizing the importance of exploring model architectures. With technological advancements, his attitude changed in 2025; he acknowledged that if there is enough data, it is still possible to “force” the creation of models, and pointed out the current lack of a unified data paradigm. He opposed viewing temporary solutions as definitive outcomes, advocating for adjusting judgments based on the current state of technology. This pragmatic approach has made him a benchmark in the industry.