Goldman Sachs: Xiaomi (01810.HK) Drives Robot Scalability Through Integration of Hardware, Data, and Models; Maintains 'Buy' Rating
Goldman Sachs published a research report noting that Xiaomi Group (01810.HK) has recently made multiple advances in robotics, including improved operational success rates of its humanoid robots in self-developed workshops and the commencement of new logistics tasks; the launch of a unified generative model with 38 billion parameters, 'Xiaomi-Robotics-U0,' to address the scarcity of real-world data; and the release of an embodied intelligence large model, 'Xiaomi-Robotics-1.' The firm believes Xiaomi has completed the initial integration of its robotics framework across hardware, data, and models, potentially forming a self-reinforcing closed loop and advancing toward general-purpose industrial applications.
On-site Coverage of the World Artificial Intelligence Conference: Fund Managers Survey Three Key Areas
The strongest signal emerging from this year’s exhibition is that AI is rapidly moving beyond 'concept demonstrations' and into the physical world—many of the new products showcased are no longer lab prototypes but mature, mass-producible, and deployable solutions.
Xiaomi Group-W (01810) issued a total of 54,196,700 shares under its share plan.
Xiaomi Group-W (01810) announced that on July 20, 2026, the company issued a total of 54,196,700 shares under its share plan.
WAIC 2026 Spotlight | Tickets resold outside the venue for RMB 1,300; robots 'split up' inside the exhibition hall
① This year’s WAIC embodied intelligence exhibition area has shown a clear shift—the 'job roles' of robots are beginning to differentiate. The industry is moving from the stage of building general-purpose robots toward deep specialization by specific scenarios. ② Yao Maoqing, Partner at Zhiyuan, believes that the 'GPT-3.5 moment' could arrive by the end of 2027 or early 2028; however, You Yangwei, Head of Bionic Control for Xiaomi Robotics, expressed greater caution: 'That’s a somewhat optimistic estimate.'
Xiaomi Stock Climbs 3.2% in Hong Kong
Hong Kong Market Midday Commentary | All three major indices rose, with the Hang Seng Index up over 2% and the Hang Seng Tech Index climbing nearly 3%; tech and internet stocks surged collectively, Alibaba gained more than 5%, Tencent rose over 3.5%; CSOP
Tech and internet stocks rose broadly, with Alibaba-W up 5.15% and Meituan-W up 3.77%; mobile gaming stocks strengthened, with Boyaa Interactive up 6.15% and Bilibili-W up 4.30%; coal stocks gained, with Yankuang Energy up 9.94% and China Coal Energy up 9.02%;