On September 2, 2026, Yushu Technology responded to online rumors stating that “reimbursements above 100 yuan require approval from founder Wang Xingxing.” The company clearly stated that these claims were false. Yushu Technology emphasized that its financial system follows standard corporate procedures and there is no special approval level; the related rumors lack factual basis. Previous reports indicated that Yushu Technology successfully listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange at the end of 2024, with an opening price of 1100 yuan per share, a increase of 629.44% from the issue price, and a total market value of 444.9 billion yuan. The company was established in 2014, and its founder Wang Xingxing has insisted on developing core components in-house to reduce robot costs. Its four-legged robot, Laikago, is priced at 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.
Yushu Technology clarifies that the rumors about reimbursement are false and reviews its listing history and ten-year development.
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2026-08-19
Review of Yushu Technology’s listing and progress
The company listed on the Sci-Tech Innovation Board by the end of 2024, with an opening price of 1100 yuan/share and an increase of 629.44%, achieving a market value of 444.9 billion yuan; sales of humanoid robots increased to 5215 units.
2026-09-02
Yushu Technology clarifies rumors about reimbursement
The company responds to online rumors that reimbursement over 100 yuan requires approval from the founder, stating that much of the claim is false and that its financial system follows standard procedures.
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.
Yushu Technology responded to online rumors stating that “reimbursements above 100 yuan require approval from founder Wang Xingxing”, claiming that much of this claim was false. The company stated that its financial system follows standard business procedures and does not have such a special approval level. The related rumors lack factual basis, and Yushu Technology has clarified these false information.