Unitree Surges, Baidu Plummets, Xiaomi Rises
On this episode of Stock Movers:- Unitree Robotics shares opened 629% higher in their Shanghai trading debut after raising 6.1 billion yuan ($904 million) in an initial public offering that will make it the first publicly traded humanoid robot maker in mainland China.- Baidu shares slumped as much as 14.4% in Hong Kong, putting it on track for its worst day since 2022, after the Chinese search-engine operator’s revenue missed estimates and AI capex soared. - Xiaomi shares rise as much as 5% in Hong Kong after it reported smartphone revenue that was better than feared despite a global…
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