21 h. ago China’s Geely hits the brakes on new plant construction globally: Li Shufu

Geely Auto, the mainland’s second-largest carmaker, will not build new plants amid excess capacity worldwide, a move that is likely to ripple across the sector as most Chinese companies are finding it difficult to make profits. Chairman Li Shufu told the Chongqing Auto Show over the weekend that the company would avoid building excess capacity and instead focus on improving its technological capabilities to become a key player in the future of mobility. “The global automotive industry is mired...

Events

4 d. ago Xiaomi founder stays on as honorary chairman at Chinese software firm

Lei Jun – the 55-year-old Chinese entrepreneur transforming Xiaomi into a technology conglomerate covering smartphones, electric vehicles (EVs) and chips – will retain his seat as “honorary chairman” at Beijing Kingsoft Office Software, suggesting that the founder remains committed to taking on multiple roles on the business front lines. In his honorary chairman role, Lei, the “actual controller” of Kingsoft Office, will provide guidance on technology innovation, management and corporate...

Politics

6 d. ago China's Xiaomi founder expects EV business to turn profitable in H2

China's Xiaomi founder expects EV business to turn profitable in H2  Reuters

Economics

2 w. ago Xiaomi founder flexes chip prowess as new XRing O1 bests Apple’s A18 Pro in certain tests

The XRing O1’s launch marked the culmination of Xiaomi’s four-year-long journey to develop an advanced chip to rival those from Apple.

Politics

2 w. ago Xiaomi flexes chip prowess as new XRing O1 bests Apple’s A18 Pro in certain tests

The XRing O1’s launch marked the culmination of Xiaomi’s four-year-long journey to develop an advanced chip to rival those from Apple.

Politics

2 w. ago Xiaomi founder flexes semiconductor prowess with ‘very strong’ XRing O1 chip

Xiaomi on Thursday unveiled its new XRing O1 integrated circuit (IC) – designed to power the company’s next-generation smartphones and tablets – that it claims bested the performance of Apple’s latest A18 Pro chip in certain benchmark tests. “I have confidence to say that the XRing O1 is very strong,” Xiaomi founder, chairman and chief executive Lei Jun said on Thursday at an event in Beijing, where the firm’s in-house-designed system-on-a-chip (SoC) was launched, alongside the 15S Pro...

Politics

2 w. ago China's Xiaomi founder expects new electric SUV to hit market in July

China's Xiaomi founder expects new electric SUV to hit market in July  Reuters

Events

3 w. ago Xiaomi stands as one of China’s biggest semiconductor investors, founder Lei Jun says

Lei said Xiaomi reached that milestone in April after spending US$2 billion of its 10-year, US$6.9 billion allocation for chip development.

Economics

3 w. ago Xiaomi now one of China’s biggest semiconductor investors, founder Lei Jun says

Xiaomi now one of China’s biggest semiconductor investors, founder Lei Jun says  South China Morning Post

Economics