Lei Jun

New Business

Xiaomi founder has ‘the hardest time’ since fatal crash involving one of its cars

Xiaomi chairman and CEO Lei Jun said he experienced this past month “the hardest time” since founding the smartphone and…

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New Business

‘Millions of drivers need to be educated’ in wake of fatal Xiaomi crash, analysts say

The accident that killed three people in east China’s Anhui province on Saturday has prompted the company to investigate the…

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New Business

Chinese EV maker Xiaomi raises US$5.5 billion from share sale to accelerate expansion

Chinese tech firm Xiaomi raised HK$42.5 billion (US$5.5 billion) from a share sale to fund the expansion of its electric…

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New Business

Beijing’s schmoozing of China’s private sector a strategic move, analysts say

Beijing is repositioning the private sector as the cornerstone of China’s global competitiveness and technological edge in the face of…

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New Business

China’s Xi Jinping to hold high-level meeting on Monday with top tech entrepreneurs

Chinese President Xi Jinping will host a meeting next week with some of the nation’s top entrepreneurs – including six…

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New Business

Xiaomi market value tops HK$1 trillion amid bullish view on EV business

Xiaomi’s market value breached HK$1 trillion (US$128.4 billion) for the first time after its shares surged to an all-time high,…

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New Business

Explainer | How tech start-up DeepSeek emerged as the unlikely game changer in US-China AI war

The Hangzhou-based firm over the past several weeks released two powerful new AI models, DeepSeek-V3 and DeepSeek-R1, that were built…

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Tech

Xiaomi’s first EV pulls in US$900 million in second quarter

Xiaomi delivered 27,307 SU7s in the three months through June, with the EV business generating a net loss of 1.8…

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Tech

Xiaomi to adopt Google’s Gemini AI model on next flagship smartphone for overseas markets

“Thrilled to collaborate with Google on upcoming Xiaomi flagship devices for international markets,” Xiaomi founder, chairman and chief executive Lei…

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Tech

Xiaomi buys US$116 million site for electric car production in Beijing

Chinese tech company Xiaomi has purchased a plot of land in Beijing for 842 million yuan (US$116 million) to expand…

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