Business
Xiaomi founder Lei Jun’s HK$100 million share purchase sparks stock rebound
Xiaomi founder Lei Jun’s purchase of about HK$100 million (S$16.8 million) worth of company stock may help bolster sentiment in the…
Tag
Xiaomi
Business
Xiaomi rides fan base to EV profitability faster than Tesla
China’s mature EV supply chain helps Xiaomi to reach scale without needing heavy capital Xiaomi parlayed its popularity with an existing…
Business
Xiaomi reports 81% jump in third-quarter profit on strong EV sales
Adjusted net profit reaches 11.3 billion yuan (S$2.1 billion), exceeding the average estimate of 10.3 billion yuan China’s Xiaomi reported…
Business
Xiaomi shares post worst week in 3½ years as accidents stoke EV safety concerns
The company has not publicly acknowledged that the accidents involved its electric vehicles Shares of Chinese electric vehicle (EV) maker…
News
Xiaomi driver death adds to China’s push for new EV door designs
With China being the world’s biggest car market, global carmakers may need to redesign models to fall in with the rules China draws up for…
News
Xiaomi shares tumble after reports EV crash traps person inside
Xiaomi shares fell the most since April after reports that one of its SU7 electric sedan’s doors failed to open after a fiery crash in the…
News
Xiaomi shares plunge after fatal EV crash; police suspect drunk driving
The company’s shares may face short-term pressure, but police citing driver error could limit losses Xiaomi shares fell the most since…
Business
Billionaire Xiaomi founder Lei Jun debuts a US$630 answer to iPhone 17
Lei challenges Apple directly, shifting Xiaomi’s branding and timing to rival the US company’s best Xiaomi’s billionaire co-founder…
Business
Xiaomi plans Europe foray in 2027 after EV sales gain pace
Xiaomi intends to sell its first electric vehicle (EV) in Europe by 2027, declaring plans to take on Tesla and BYD globally after gaining…
Business
Xiaomi founder’s bold EV bet is paying off where Apple’s failed
Lei Jun, founder and chairman of Xiaomi, the only tech company to have successfully diversified into carmaking, could not resist. Speaking…
Business
China’s Xiaomi to launch first SUV as shares near record high
The unveiling of Xiaomi’s first electric SUV on Thursday (Jun 26) will showcase how the Chinese tech company has become an investor…
Business
Xiaomi launches YU7, undercutting Tesla’s Model Y on price
Chinese EV and smartphone maker Xiaomi on Thursday (Jun 26) priced its new electric YU7 SUV from 253,500 yuan (S$45,102), almost 4 per…
Business
Xiaomi reports 47% revenue growth in Q1 as it launches new electric SUV
China’s Xiaomi reported a 47.4 per cent annual jump in first-quarter revenue on Tuesday (May 27) as the company doubled down on making…
Fashion
Xiaomi billionaire touts new Chinese chip in tech showcase
Xiaomi’s billionaire founder outlined plans Thursday (May 22) to outfit its top-end devices with advanced homegrown mobile processors,…
Business
Xiaomi billionaire touts SUV, Chinese chip in tech showcase
Xiaomi’s billionaire founder outlined plans for its first SUV and top-end gadgets with self-developed mobile chips, showcasing ambitions…
Business
Xiaomi delays release of first SUV after fatal road accident
Investors are betting on EVs to drive the company’s business, with China’s smartphone market suffering from fierce competition and…
Business
Xiaomi shares extend losses as police investigate EV accident
Xiaomi shares suffered another sell-off on Wednesday (Apr 2), signalling unabated investor concerns after Chinese police launched a probe…
Fashion
Xiaomi car with driver assistance crashes, three reported dead
Xiaomi confirmed that one of its SU7 electric vehicles (EVs) was involved in an accident on an expressway in China. Local media reported…
Business
Xiaomi raises US$5.5 billion in share sale for business expansion
China’s Xiaomi Corp said on Tuesday it had raised US$5.5 billion in an upsized share sale that will help fund the acceleration of its…
Business
China’s Xiaomi to raise up to US$5.27 billion from share sale
The money raised is earmarked for business expansion, investment in research and technology development and general corporate purposes…
Business
Xiaomi hits new high on China’s subsidy programme boost
XIAOMI’S shares surged to a fresh record in Hong Kong on Friday (Feb 7), as new product launches and benefits from China’s nationwide…
Business
Xiaomi Q3 revenue soars 30.5% as sales of its first electric car surge
CHINESE electronics maker Xiaomi Corp posted a 30.5 per cent jump in third-quarter revenue as consumers clamoured for its first electric…