TOPIC

/ company

Xiaomi

Xiaomi designs and sells smartphones, tablets, fitness trackers, and apps. Since its launch in Beijing in 2010, the company has gone on to become one of the largest smartphone manufacturers in the world, challenging Apple and Samsung for market share, particularly in China and Southeast Asia.

Chairman / President

Lei Jun

CEO / Managing Director

Lei Jun

CFO / Finance Director

Lam Sai Wai (Alain)

Industry

Electronics

Website

xiaomi.com

Headquarters address

Xiaomi Campus. Anningzhuang Road. Haidian District. Beijing, China

Stock Code

SEHK:1810

Smartphones

Surging memory chip prices make profitable budget phones ‘impossible’

Major smartphone vendors will try to abandon the money-losing segment despite strong consumer demand, and pivot to more value-added products.

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SCMP Highlights

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Artificial intelligence

China approves Apple Intelligence for iPhones, with Alibaba, Baidu as partners

15 Jul 2026 - 7:48PMvideocam

Mainland China

Rail and road: the benefits of China’s full-system transport makeovers

China is getting transport networks right by building complete systems all at once.

15 Jul 2026 - 3:02PM

Rail and road in Kunming, Yunnan province, China. Photo: Xinhua

IPO

China’s CXMT valued at US$85 billion in record Shanghai IPO

Chinese DRAM maker is set to raise 57.9 billion yuan (US$8.5 billion), nearly twice the amount earmarked for its investment projects.

15 Jul 2026 - 12:28PM

US-China tech war

Nvidia’s future challenger? Chinese start-up reveals aggressive AI chip road map

As US sanctions block access to advanced lithography, a Shanghai-based firm bets on chip redesign, 3D memory stacking to break bottlenecks.

14 Jul 2026 - 2:02AMvideocam

Hong Kong courts

Hong Kong police officer gets nearly 2 years for upskirt filming, gun grab

Constable Ko Chun-chung, 40, admitted thrill of breaking the law drove him to commit offence against the woman on January 15, 2025.

13 Jul 2026 - 8:06PM

The court sentenced Ko Chun-chung to six weeks’ imprisonment for voyeurism and 20 months for the firearm offence before ordering a partially consecutive sentence, for a total of 20 months and four weeks. Photo: Jelly Tse

Electric & new energy vehicles

China’s Xiaomi gears up for EV sector scrap with new SUVs, extended-range plans

The company’s Sky Nomad SUV announcement is leading analysts to predict the new models will include long-range batteries to stay ahead of rivals.

9 Jul 2026 - 5:30PM

Electric & new energy vehicles

Could Canada use Chinese EV firms to reboot its auto manufacturing?

Potential buyers of Chinese EVs are unsure how long it will take for imports to reach Canadian dealerships.

8 Jul 2026 - 2:49PMvideocam

Science

Chinese researchers find a peephole to any smartphone in its leaked radio signal

Authorities could be able to determine which apps are being used by analysing faint electromagnetic signals emitted as the device operates.

7 Jul 2026 - 8:00PMvideocam

The researchers tested the non-contact forensic technique on Apple’s iPhone 15 Pro. Photo: Shutterstock

Electric & new energy vehicles

China’s EV deliveries continue downward spiral, exacerbating industry worries

About 1 million electric or hybrid vehicles were delivered to customers in China in June, down 7 per cent year on year.

7 Jul 2026 - 12:25PM

An aerial view of new electric vehicles at Shanghai Port on May 9. Photo: AFP

Semiconductors

Chinese AI chip start-up bets on 3D stacking to bypass US controls

Dongfang Suanxin is headed by Wei Shaojun, who is also vice-president of the China Semiconductor Industry Association.

5 Jul 2026 - 12:00PM

Semiconductors

Can China’s memory chip giant CXMT keep thriving after IPO and AI boom?

CXMT is taking orders for its advanced DDR5 server memory from Tencent and ByteDance after completing customer validation, a source says.

2 Jul 2026 - 4:46PM

Electric & new energy vehicles

New technologies power China’s Tesla challengers to monthly sales records

Bucking muted market sentiment, Leapmotor and Zeekr both set records for a second consecutive month.

2 Jul 2026 - 2:00PM

A Leapmotor Lafa 5 Ultra on display at the Beijing Auto Show in April. Photo: AFP

China’s private sector

Will share buy-backs help Chinese big tech companies rescue battered valuations?

Firms like Tencent and Alibaba are trying to boost investor confidence in the sector, whose stock prices have recently hit alarming lows.

2 Jul 2026 - 9:05AM

Chinese tech giants including Tencent, Alibaba, Meituan and Xiaomi have launched aggressive share buy-back plans to win back the confidence of investors in Hong Kong. Photo: Jelly Tse

Electric & new energy vehicles

Will slowing car sales in China reignite brutal price war in crowded market?

Global consultancy AlixPartners delivers most bearish forecast for Chinese carmakers’ fortunes this year.

1 Jul 2026 - 10:45AM

DeepSeek

DeepSeek bucks China’s AI price war with peak-hour surcharges for API services

DeepSeek triggered a price war in May when it announced a permanent 75 per cent discount on V4 API access.

30 Jun 2026 - 4:00PM

Hong Kong courts

Police officer admits taking upskirt footage and trying to grab colleague’s gun

Ko Chun-chung, 40, pleads guilty to recording woman after following her up an escalator at Tsim Sha Tsui MTR station.

29 Jun 2026 - 5:46PM

Ko Chun-chung attempted to seize a gun from a colleague inside Tsim Sha Tsui Police Station while he was detained. Photo: Eugene Lee

Artificial intelligence

Faster AI, lower costs: DSpark eases bottlenecks and chip strain, says DeepSeek

Start-up unveils speculative decoding framework that speeds up inference by up to 85 per cent amid China’s push to overcome US AI curbs.

28 Jun 2026 - 7:00PM

Artificial intelligence

For China’s tech workers, AI ‘optimisation’ sounds like ‘unemployment’

China’s office workers are worrying whether their jobs can be done by artificial intelligence – and whether their companies will make the switch.

27 Jun 2026 - 11:06AMvideocam

Apple

Apple price hikes may hit iPhone next as memory, storage costs soar: analysts

Some Chinese consumers are anticipating potential price hikes for the upcoming iPhone series, and are reconsidering their upgrade plans.

26 Jun 2026 - 7:00PM

Apple’s incoming CEO John Ternus, who will take over from Tim Cook on September 1, announces new products, including the MacBook Neo, in New York, in this file photo dated March 4, 2026. Photo: EPA

Electric & new energy vehicles

China’s EV brands have Europe’s luxury marques in their sights: Zeekr executive

Zeekr vice-president Mars Chen says Chinese carmakers have edge in meeting demand for electric luxury cars.

23 Jun 2026 - 2:00PMvideocam

Chinese-made vehicles including Zeekr cars wait to be transshipped for export at Taicang port in Suzhou, Jiangsu province. in April. Photo: AFP

China’s private sector

Apple supplier Lingyi seeks US$1.1 billion Hong Kong IPO to fund AI and robotics

The Shenzhen-listed components maker is using a Hong Kong float to fund its push into AI servers, smart glasses and robotics.

22 Jun 2026 - 10:11AM

Artificial intelligence

Zhipu, DeepSeek push China’s trillion-parameter AI frontier amid US clampdown

China’s AI developers deepen push into massive foundation models, backed by lower costs and investor momentum despite US restrictions.

19 Jun 2026 - 2:00PM

Artificial intelligence

AI for less: price war in China deepens amid ‘intense’ competition

Narrowing capability gaps between models and falling costs of service set stage for price reductions to continue, analysts say.

16 Jun 2026 - 5:00PM

A land grab is under way in China's AI sector as companies offer discounts to capture market share, according to analysts. Photo: Shutterstock Images

Robotics

Alibaba eyes physical world with its first suite of AI models for robots

Alibaba unveils Qwen robot models to push AI beyond chatbots, as embodied intelligence becomes the next frontier in global AI.

16 Jun 2026 - 2:16PM

The Qwen and Alibaba logos are seen in this illustration taken January 29, 2025. Photo: Reuters

Trending in China

Chinese ‘CEO in a school uniform’ exports drones, funds start-up by waiting tables

Enterprising youngster with a talent for technology doubles as philanthropist, learned about tools at factory where his mother worked.

16 Jun 2026 - 10:21AM

IPO

As Musk becomes first trillionaire from SpaceX IPO, will next come from China?

As the initial public offering sees Musk become the first ever trillionaire, China is also seeing growth in its tech uber-rich.

12 Jun 2026 - 7:39PM

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