16 h. ago China’s Xiaomi says returns from AI investments ‘far exceed expectations’

Chinese tech firm Xiaomi reaped returns from its artificial intelligence spending in 2025 that “far exceeded expectations”, the company’s president Lu Weibing said in a recorded video posted on Chinese social media platform Douyin. Lu said the Beijing-based company was pivoting to embodied AI after heavy investment in general AI over the past few quarters. The Beijing-based company’s efforts to apply AI in electric vehicles (EVs) and robotics are similar to Elon Musk’s plan of using the advanced...

Politics

69 h. ago Ford CEO praises Xiaomi SU7’s experience: It’s the Apple of China

Ford CEO praises Xiaomi SU7’s experience: It’s the Apple of China  CarNewsChina.com

Politics

9 d. ago Alibaba to lead AI capital spending among Chinese firms amid strong demand

E-commerce giant Alibaba Group Holding expects to stay ahead of its Chinese Big Tech peers in artificial intelligence-related capital expenditure, as the firm’s AI and cloud computing unit posted its fourth consecutive quarter of double-digit revenue growth. Alibaba Cloud on Tuesday reported a 34 per cent year-on-year revenue growth to 39.8 billion yuan (US$5.6 billion) in the three months ended September 30, as the Hangzhou-based parent’s overall revenue in its financial second quarter reached...

Economics

2 w. ago Xiaomi reaffirms safety focus after raising 2025 sales target to 400,000 units

Xiaomi, one of Tesla’s biggest challengers in mainland China over the past year, pledged to focus on the safety and reliability of its cars after its factory reached another milestone. Founder and CEO Lei Jun said on Thursday that Xiaomi had raised its full-year delivery target from 350,000 vehicles to 400,000 after ramping up production, but stressed that the quality of the SU7 sedan and YU7 SUVs would not be compromised. “We firmly believe that safety is a foundation and a priority,” he said...

Economics

2 w. ago China Market Update: US Soybean Prices Surge On Large China Order, Kuaishou Beats Earnings Expectations

China Market Update: US Soybean Prices Surge On Large China Order, Kuaishou Beats Earnings Expectations  Forbes

Economics

2 w. ago China’s Xiaomi posts first profit from EV, AI units as quarterly earnings surge

Chinese technology company Xiaomi says it has turned a profit from its electric vehicle (EV) and artificial intelligence businesses in the third quarter, marking the first time the units have swung into black, with overall profits surging nearly 81 per cent from a year earlier. The smartphone-to-EV giant’s adjusted net profit in the three months ended September 30 reached 11.3 billion yuan (US$1.6 billion), according to its earnings release on Tuesday. The pre-adjustment profit surged 129.5 per...

Politics

2 w. ago [News] Memory Crunch Hits China: Xiaomi, Huawei Reportedly Tap Domestic Suppliers

[News] Memory Crunch Hits China: Xiaomi, Huawei Reportedly Tap Domestic Suppliers  TrendForce

Events

3 w. ago Tesla China Sales Fall Behind XPeng, Nio and Xiaomi as Sales Hit 3 Year Low

Tesla China Sales Fall Behind XPeng, Nio and Xiaomi as Sales Hit 3 Year Low  eletric-vehicles.com

Events

4 w. ago Hong Kong Housing Authority to boost subsidised flats size, relax resale rules

Hong Kong’s Housing Authority plans to enhance the city’s upward mobility by increasing the size of subsidised flats by 10 per cent after five years and aiming for a quarter of its new supply to feature two-bedroom units in the future. Cleresa Wong Pie-yue, chairwoman of the authority’s subsidised housing committee, said on Thursday that the measures would be introduced following the approval from advisers, who endorsed reducing the resale restriction period for owners to sell their subsidised...

Politics

4 w. ago Hong Kong’s Housing Authority to boost subsidised flats size, relax resale rules

Hong Kong’s Housing Authority plans to enhance the city’s upward mobility by increasing the size of subsidised flats by 10 per cent after five years and aiming for a quarter of its new supply to feature two-bedroom units in the future. Cleresa Wong Pie-yue, chairwoman of the authority’s subsidised housing committee, said on Thursday that the measures would be introduced following the approval from advisers, who endorsed reducing the resale restriction period for owners to sell their subsidised...

Politics