WEBVTT - Unitree Surges, Baidu Plummets, Xiaomi Rises  

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Well, let's take a look at some stocks on the

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<v Speaker 3>move today in ASA. I'm Stephen Cara, and I'm joined

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<v Speaker 3>by our equity supporter at Winnie Sue for more Winnie,

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<v Speaker 3>good morning. Let's start with a big IPO from the

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<v Speaker 3>humanoid robot maker Uni Tree. How is their first day

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<v Speaker 3>in the market's going?

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<v Speaker 1>Yeah, I would say it's a very successful first day

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<v Speaker 1>at school. Now, I don't know if our audience knows

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<v Speaker 1>much about Uni Tree Robotics, but they might have seen

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<v Speaker 1>these viral videos earlier this year around the Chinese New Year,

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<v Speaker 1>where these robots were just dancing and performing martial arts

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<v Speaker 1>and very precise motion.

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<v Speaker 4>So that is the maker of this these robots.

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<v Speaker 1>Now, this company actually was shares We're up as much

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<v Speaker 1>as six hundred and thirty percent at the open pairing

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<v Speaker 1>a little bit, now up some four hundred percent or

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<v Speaker 1>so after the company have raised about nine hundred and

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<v Speaker 1>four million US dollars in its IPO in Shanghai.

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<v Speaker 4>Now there is a lot.

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<v Speaker 1>Of excitement when it comes to the retail space, because

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<v Speaker 1>we actually saw the company. The portion was subscribed by

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<v Speaker 1>over five thousand and five hundred times earlier in the month,

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<v Speaker 1>and the excitement really shows up because it plays such

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<v Speaker 1>a strategic role in this AI race between the US

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<v Speaker 1>and China, and in fact, with this IPO, the company

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<v Speaker 1>Unitree Robotics is now the very first publicly traded humanoid

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<v Speaker 1>robot maker in mainland China and perhaps in fact the

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<v Speaker 1>very first pure play humanoid robot stocks that we see

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<v Speaker 1>on any public market, because most of them are actually

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<v Speaker 1>private values. So another key point of this IPO is

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<v Speaker 1>that it sets potentially the global valuation anchor of the

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<v Speaker 1>whole humanoid space, So we really want to see how

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<v Speaker 1>it goes to play out further. Obviously, fundamentals are quite strong.

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<v Speaker 1>You have Deep Seek as the strategic sponsor, Plus you

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<v Speaker 1>are seeing the industry really growing pretty fast, with JP

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<v Speaker 1>Morgan expecting the Chinese market to take up about fifty

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<v Speaker 1>percent of this whole humanoid robotics space by twenty thirty.

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<v Speaker 1>So with that, we really want to see going forward

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<v Speaker 1>how this dancing robot is actually going to become more

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<v Speaker 1>commercially viable.

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<v Speaker 3>Yeah, but a really interesting gauge, as you say, of

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<v Speaker 3>investor appetite in that space. Winnie, let's go next to

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<v Speaker 3>the Internet giant buy do shares plummeting after their latest earnings?

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<v Speaker 1>Yeah, exactly, not too much appetite in that space, though

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<v Speaker 1>when it comes to earnings, a pretty disappointing revenue falling

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<v Speaker 1>for a fifth quarter. Now, the disappointment comes in different folds. Obviously,

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<v Speaker 1>its core business in the advertisement business, which is usually

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<v Speaker 1>quite hard high margin, continues to struggle because of the

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<v Speaker 1>rivals from social media, but also these AI chatbots.

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<v Speaker 4>But then outside of the core.

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<v Speaker 1>Ads, you're looking at the AI space, which is also

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<v Speaker 1>showing a slowdown in growth. Its model actually is not

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<v Speaker 1>as good as the other open weight rivals, the likes

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<v Speaker 1>of Moonshot Ai for example, so that part is also struggling.

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<v Speaker 1>Then you combine that with the lack of visibility and

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<v Speaker 1>its spin off of its chip unit quin Lunching, which

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<v Speaker 1>was not really meant mentioned in the management call. So

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<v Speaker 1>these are all showing up in the stock price, with

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<v Speaker 1>shares plummeting about twelve percent at this point, and it

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<v Speaker 1>is the latest example of how weaknesses is really showing

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<v Speaker 1>up in these Chinese internet names with disappointing earnings earlier

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<v Speaker 1>from Tencent and j dot Com as well.

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<v Speaker 4>And we have Ali Baba to see tomorrow and just.

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<v Speaker 3>Very briefly when he unshow me, we've got shares up

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<v Speaker 3>in the company today.

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<v Speaker 1>Yeah, So that's an interesting one because in fact, we

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<v Speaker 1>did see the third quarter of profit decline, especially some

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<v Speaker 1>weakness in the EV unit. But what investors really liked

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<v Speaker 1>is how the smartphone business also was able to perform

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<v Speaker 1>better than expected. Revenue was slightly better than the estimated

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<v Speaker 1>thanks to its price hikes and the better product mix.

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<v Speaker 1>And one important thing is that this is coming as

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<v Speaker 1>we're seeing the stabilization when it comes to the rise

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<v Speaker 1>in memory in memory chips, and that perhaps means that

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<v Speaker 1>there's going to be less pressure on these names going on.

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<v Speaker 2>All right, the Stock Movers report from Bloomberg Radio. Check

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<v Speaker 2>back with us throughout the day for the latest roundup

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<v Speaker 2>of companies making news on Wall Street and for the

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