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Time:2026-05-27T05:29:57Z

Unitree pushes toward its IPO as profit plunges amid cooling humanoid-robot hype. Chinese firms' overseas revenues are set to hit records on tech competitiveness, while a brokerage crackdown trims billionaire wealth. BP ousts its chairman over bullying conduct, sending shares lower. Micron surges past $1 trillion market cap, driving US stocks to new highs. Global bond yields rise, challenging stock rally momentum and testing central bank policy.

Unitree advances IPO as humanoid robot hype cools

Unitree advances IPO as humanoid robot hype coolsChinese humanoid robot maker Unitree is moving closer to its IPO with a Shanghai review set for next week, triggering a surge in stocks of its investors and supply chain partners. However, the company's adjusted profit fell 53% even as revenue continued to rise, highlighting intense competition in the humanoid robot sector. The IPO filing reveals the gap between market enthusiasm and the challenging economics of robotics manufacturing.

Sources:
Unitree’s IPO progress spurs stock buying of firms with exposure to robot makerAs the robot manufacturer moves a step closer to its IPO, stocks of its investors and supply chain makers have shot up. (SCMP)
As China’s humanoid-robot hype cools, Unitree sees profit plungeA filing shows adjusted profit fell 53 per cent, even as revenue continued to rise, highlighting tough competition in humanoid robot sector. (SCMP)
Unitree gearing up for IPO; Shanghai review next week (China Daily)

Chinese tech firms set record overseas revenues

Chinese tech firms set record overseas revenuesUBS projects that Chinese companies' overseas revenues will hit record highs, driven by rising technological competitiveness in carmaking and power supply chains. In a contrasting development, Chinese regulators have cracked down on illegal cross-border stock trading, trimming the fortune of Futu Holdings' billionaire owner by over a quarter. Simultaneously, the value of Chinese brands continues to show strong growth globally.

Sources:
Tech edge to boost Chinese firms’ overseas revenues to record high: UBSCarmaking, power supply chains at forefront of China’s go-global expansion, driven by rising technological competitiveness, Swiss bank says. (SCMP)
China online brokerage crackdown trims billionaire owner’s wealthFutu Holdings’ Leaf Li’s fortune shrank by over a quarter after Chinese regulators launched action against illegal cross-border stocks trading. (SCMP)
Leaps seen in value of Chinese brands (China Daily)

BP ousts chairman over bullying conduct allegations

BP ousts chairman over bullying conduct allegationsBP has removed its newly appointed chairman over 'serious concerns' regarding his conduct, with reports describing 'bullying and overbearing' behavior. The abrupt ouster has sent BP's share price sliding, compounding the oil giant's leadership instability. The incident raises questions about the company's governance and succession planning at a critical time for the energy transition.

Sources:
BP ousts chairman over ‘serious concerns’ about his conduct (CNN)
Oil giant BP ousts new chairman over ‘conduct’ and shares slide (AP News)
'Bullying' and 'overbearing' behaviour behind abrupt BP chairman removal (BBC)
BP Ousts Chairman, Citing ‘Serious Concerns’ Over Conduct (NYT)

Micron surges past $1 trillion, US stocks hit records

Micron surges past $1 trillion, US stocks hit recordsMicron has become Wall Street's latest trillion-dollar company, with its stock reaching a major milestone as UBS issued an aggressive price target. The surge propelled US stocks to fresh record highs, with the semiconductor sector leading the charge. Meanwhile, a quantum computing startup is preparing for a public debut valued at nearly $13 billion, signaling continued appetite for tech IPOs.

Sources:
Another surge for Micron, Wall Street’s latest $1 trillion company, sends US stocks to records (AP News)
Micron’s stock reaches a major milestone as UBS slaps on an out-of-sight price target (MarketWatch)
This new quantum stock could debut with a valuation of nearly $13 billion (MarketWatch)

Rising bond yields test stock rally momentum

Rising bond yields test stock rally momentumUS stocks hovering near record highs face a fresh challenge from rising bond yields, which could dampen equity valuations. In Japan, climbing yields are putting pressure on the Bank of Japan's bond taper plans while simultaneously boosting profits for major life insurers like Nippon Life to record levels. The global bond market shift is forcing central banks and investors to reassess their strategies.

Sources:
Near record highs, stocks face fresh test from bond yields (CNN)
Rising bond yields put pressure on BOJ's taper plan (Nikkei Asia)
Nippon Life and peers rack up record profits on rising bond yields (Nikkei Asia)