Xiaomi


Cash-rich Xiaomi determined to boost its share price

Cash-rich Xiaomi determined to boost its share price

(ATF) With 108 billion yuan (US$16.5 billion) cash in hand, Xiaomi has recently entered the auto industry with a high-profile move and it is also repurchasing the company's shares in another big play.On April 13, Xiaomi Group repurchased just over 16 million of the company's shares at a cost of …

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Smartphones, high-end consumer goods boost Samsung results

Smartphone, high-end consumer goods boost Samsung results

(ATF) Samsung Electronics has reported an expected 44% rise in first-quarter profit on strong sales of smartphones and home appliances. The South Korean giant's upbeat earnings forecast came a day after rival LG Electronics announced it would quit the smartphone business.Operating profit reached 9.3 trillion won ($8.2 billion) in the …

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China's Xiaomi to launch electric car business with $10bn investment

China's Xiaomi to launch electric car business with $10bn investment

(ATF) Chinese electronics giant Xiaomi is the latest tech company drawn to China’s booming electric vehicle market, pledging to invest $10 billion over the next 10 years in the EV business.The company will set up a wholly-owned EV subsidiary and the initial phase of investment will total 10 billion yuan …

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China's Xiaomi to make EVs with Great Wall, sources say

China's Xiaomi to make EVs with Great Wall, sources say

(ATF) China's Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd's factory, sources have revealed, making it the latest tech firm to join the smart mobility race.The tech firm's stock price jumped as much as 6.7% in early Friday trade after Reuters reported the plan. …

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Xiaomi shares surge after judge blocks US investment ban

Xiaomi shares surge after judge blocks US investment ban

(ATF) Shares in Chinese telecommunications giant Xiaomi surged on March 15 after a court blocked the US Department of Defense from restricting American investment in the company.Hong Kong-listed Xiaomi shares jumped as much as 12%, the company's biggest intra-day gain in almost a month. The stock was holding at HK$25 …

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DC judge halts ban on US investment in China's Xiaomi

DC judge halts ban on US investment in China's Xiaomi

(ATF) A Washington DC federal judge on March 12 temporarily blocked the US Department of Defense from restricting investment in Chinese smartphone maker Xiaomi.Officials in mid-January added Xiaomi and eight other firms to a list of what it calls Communist Chinese Military Companies (CCMC) that requires American investors to divest …

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Transactions spark as corporate China embraces electric vehicle ventures

Transactions spark as corporate China embraces EV ventures

(ATF) Mobile phone maker Xiaomi’s announcement that it is moving into electric vehicle (EV) manufacturing would have turned heads in normal times. But it was just one of a more than a dozen investment deals signed recently that underscore corporate China's deeper commitment to zero-emission vehicles.Xiaomi's decision has been on …

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90 Chinese firms working to boost semiconductor supply chain

90 Chinese firms collaborate to grow local semiconductor supply chain

(ATF) China is mobilising 90 top tech companies and institutes such as Huawei, SMIC, Xiaomi, Tencent and Alibaba to focus on standards and ways to strengthen the domestic semiconductor supply chain amid ongoing US sanctions that restrict China’s access to advanced foreign technologies. The proposal, created by the China Electronics …

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Commerce Sect Ross targets CNOOC as Pentagon adds Xiaomi to list

Commerce Sect Ross targets CNOOC as Pentagon adds Xiaomi to list

(ATF) Commerce Secretary Wilbur Ross placed CNOOC and Skyrizon on an export blacklist, and the Pentagon added nine companies including COMAC and Xiaomi to its list of firms with links to China’s military on Thursday January 14.The anti-China moves on Thursday by Ross and the Pentagon follow a successful intervention …

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Honor in 5G tie-up with Qualcomm after cutting ties with Huawei

Honor in 5G tie-up with Qualcomm after cutting ties with Huawei

(ATF) Honor, the budget smartphone brand that Huawei “divorced” after suffering a chip shortage caused by US sanctions, is reportedly resuming its partnership with Qualcomm, and Honor smartphones powered by Qualcomm’s 5G chips are in the works, local media say.Honor is currently advancing the research and development of new 5G …

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