UBTECH (09880.HK) opened high today (4th) with a 1.4% increase, and the early-stage increase expanded, reaching 168.8 yuan, up 7.52% at one point. It is now trading at 164.3 yuan, up 4.65%, with a turnover of 345,900 shares, involving 56.6256 million yuan.
The company engages in the research and sales of robots. The World Artificial Intelligence Conference will be held in Shanghai for three consecutive days starting today (4th). The theme includes promoting global governance of artificial intelligence (AI), and Tesla (TSLA.US) CEO Musk will give a speech. The company also announced that its second-generation humanoid robot, Optimus, will make its debut in Shanghai.