Unitree (宇树科技) stock price drops below 500 yuan, market cap evaporates by over 240 billion yuan

Unitree (宇树科技) shares fell nearly 3% on September 10, dropping below 500 yuan per share for the first time. The company's market cap has fallen to 202.1 billion yuan from its initial peak of 444.9 billion yuan, marking a total loss of over 240 billion yuan.