TikTok in limbo, and Xiaomi’s EV crisis
Two prominent Chinese tech giants, TikTok and Xiaomi, currently face separate but equally critical crises, each testing their resilience overseas and at home. While TikTok battles regulatory uncertainty in the U.S. amid national security concerns, Xiaomi is confronting repercussions of a tragic accident involving its electric vehicles and autonomous driving technology.
NEWS WRAP: Xiaomi shares sink after deadly EV crash
Xiaomi’s stock fell over 5% after the fatal accident involving its SU7, as founder Lei Jun pledged his full cooperation with the investigation By Lee Shih Ta A fiery…
BRIEF: Xiaomi to raise $6 billion in share placement
Smartphone maker Xiaomi Corp. (1810.HK) announced on Tuesday that it would place 800 million existing shares and a top-up subscription of new shares for HK$53.25 per share, raising HK$42.6 billion…
No longer alone at head of the NEV pack, Li Auto shows early adopters don’t always win
While it remains a leader in China’s crowded field of new energy vehicle makers, the company faces growing competition from rivals that are quickly catching up Key Takeaways: Li Auto’s…
BRIEF: Xiaomi debuts deluxe SU7 Ultra EV for $73,000
Following last year’s launch of its first electric vehicle (EV), the SU7, Xiaomi Corp. (1810.HK) on Thursday unveiled its luxury model, the SU7 Ultra, priced at 529,900 yuan ($72,932). Following…
Its shareholding reform rolled up, Honor is ready for IPO
A separate listing by Huawei’s former budget smartphone brand has been the subject of frequent speculation since its spinoff as a separate company four years ago Key Takeaways: The CEO…
ShanH Technology dials up lackluster numbers in new IPO bid
The smartphone recycler backed by Xiaomi chief Lei Jun is making a second attempt to list in Hong Kong after its first try in February failed Key Takeaways: ShanH has…
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