On August 20th, Xu Jiayin, the former richest man in China and the founder of Evergrande Group, was sentenced to life imprisonment and had all his personal assets confiscated. Following the verdict, the topic of “What will happen to the owners of unfinished properties by Evergrande” quickly trended on social media. Many people are asking, now that Xu Jiayin has been sentenced and Evergrande has collapsed, what will happen to the homebuyers who have been left without savings and a place to live?
In addition, a rather embarrassing incident occurred at the Beijing World Robotics Conference. A humanoid robot suddenly lost control, fell to the ground, and started wildly kicking its legs, while the staff stood helplessly on the side. At the same time, Yushu Technology, known as the “first stock of humanoid robots in China,” plummeted by 18.7% on its second day of trading, with a market value evaporation of over 160 billion yuan compared to its opening on the first day. Behind the hype around robotics, it begs the question whether it is a result of genuine technological breakthroughs or if capital speculation has outrun commercialization. We will explore this further later on.
Let’s delve into the true meaning behind the surge in robotics concepts.