31 stories mentioning HKG:1810Updated 2d ago
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Zhongce Rubber (SHA:603049) will supply its Arisun 1 Star tires for Xiaomi's (HKG:1810) Pengcheng N70 model, according to the tiremaker's filing on Friday with the Shanghai bourse.The consumer electronics and EV maker launched the N70 this week.Shares in the tiremaker fell 3% during late morning trading on Friday.
(updated with Xiaomi's response)India's Serious Fraud Investigation Office (SFIO) has recommended a detailed investigation into Xiaomi (HKG:1810) over alleged irregularities in its business model and compliance with foreign investment rules, Reuters reported Wednesday, citing a government document.The proposed probe will examine fund movements, beneficial ownership, and e-commerce arrangements, the report said.A Xiaomi representative, in an emailed response to' request for comment, said that Xiaomi India has not received any notice or communication from the SFIO and maintains that it accords paramount importance to the laws of the land and complies with them fully at all times.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
India's Serious Fraud Investigation Office (SFIO) has recommended a detailed investigation into Xiaomi (HKG:1810) over alleged irregularities in its business model and compliance with foreign investment rules, Reuters reported Wednesday, citing a government document.The proposed probe will examine fund movements, beneficial ownership, and e-commerce arrangements, the report said.Xiaomi did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Chinese smartphone makers Huawei and Xiaomi (HKG:1810) launched foldable smartphones on Monday, ahead of Apple's foldable smartphone debut later this week in China, Reuters reported the same day.Huawei's Mate XT2 series, priced 19,999-24,999 yuan, features a Kirin 9050 Pro chip and redesigned hinge. Xiaomi's 18 Fold, priced 10,999-14,999 yuan, comes with its in‑house XRing O3 AI processor and CXMT memory chips, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Xiaomi (HKG:1810) has an average rating of overweight and mean price target of HK$34.91, according to analysts polled by FactSet.
(Updates with TSMC response in the fourth paragraph)Xiaomi (HKG:1810) unveiled its second-generation Xring smartphone processor, as the Chinese handset maker seeks greater control over key components and less reliance on external chip suppliers, Reuters reported on Monday.Taiwan Semiconductor Manufacturing (TPE:2330) will manufacture the chip using its 3-nanometre process, the report said, citing people familiar with the matter.The chip is expected to power Xiaomi's upcoming flagship foldable phone, with shipments targeted at 200,000 to 300,000 units, one source told the news outlet.A TSMC representative declined to comment in an email response to anquery.Xiaomi did not immediately respond to a request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Xiaomi (HKG:1810) unveiled its second-generation Xring smartphone processor, as the Chinese handset maker seeks greater control over key components and less reliance on external chip suppliers, Reuters reported on Monday.Taiwan Semiconductor Manufacturing (TSMC) will manufacture the chip using its 3-nanometre process, the report said, citing people familiar with the matter. The chip is expected to power Xiaomi's upcoming flagship foldable phone, with shipments targeted at 200,000 to 300,000 units, one source told the news outlet.Xiaomi's push into foldable phones puts it in competition with Huawei, which held a 68% share of China's foldable-phone market in the second quarter, Reuters reported citing Smart Analytics Global's data.Xiaomi and TSMC did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Following a ban on concealed doors on electric vehicles in China enacted in February, Tesla and other Chinese EV makers filed recall notices with the State Administration for Market Regulation covering about 4.3 million cars.Tesla is leading the move with the recall of about 2.98 million vehicles, noting that it will provide over-the-air software updates to address the issue.Tesla's recall covers domestically produced Model 3 and Model Y units, along with imported Model S, Model X, and Model 3 vehicles. The emergency mechanical door handles are "difficult to identify and operate because their color is similar to the interior trim," and could "hinder occupants from quickly opening the doors to escape and impede rescue efforts by those outside the vehicle, posing a safety hazard," the SAMR said.The US-headquartered automaker said it will affix warning labels free of charge to vehicles within the recall scope.Xiaomi (HKG:1810) will recall 390,435 of its units, and Zhejiang Leapmotor Technology (HKG:9863) will recall 371,200. XPeng (HKG:9868) will fix 264,842 cars.Geely Automobile's (HKG: 0175) Zeekr will repair 92,658 units, while Chery Automobile (HKG: 9973) will fix 68,488. Dongfeng Motor (HKG: 0489) will recall 53,452, BAIC Motor (HKG: 1958) will see 46,850 units repaired, and FAW will recall 11,908 units.The ban, first announced in February and taking effect on Jan. 1, 2027, will require EV makers to equip mechanical release systems on car doors. Automakers with already-approved automatic concealed door models have two years to change their designs, the industry ministry said at the time.The safety rule was introduced following several crashes where power failures prevented rescuers from opening the automatic doors, Bloomberg reported.Among those crashes was a Xiaomi electric sedan, which caught fire in an early-morning crash in Chengdu, China, back in October 2025.This marks China's largest automotive recall to date, multiple media reports said.
Tesla and eight other Chinese automakers have filed a recall plan with China's State Administration for Market Regulation for about 4.3 million vehicles to address issues with door handles, according to notices filed on the watchdog's website Friday.Alongside Tesla, the sweeping recall includes domestic manufacturers Xiaomi (HKG:1810), Zhejiang Leapmotor Technology (HKG:9863), XPeng (HKG:9868), Geely Automobile (HKG:0175), Dongfeng Motor (HKG:0489), BAIC Motor (HKG:1958), Chery Automobile (HKG:9973) and FAW.Tesla leads the recalls with roughly 2.98 million vehicles involved, followed by Xiaomi with over 390,000 cars.Tesla's recall covers China-produced Model 3, Model X and Model S vehicles with emergency mechanical door handles that the company said are "difficult to identify and operate because their color is similar to the interior trim."The US-headquartered carmaker said it will affix warning labels free of charge to vehicles within the recall scope.This marks China's largest automotive recall to date, according to Reuters.
Kingsoft Corp. (HKG: 3888) reported higher earnings for the second quarter and first half of the year, driven by the integration of artificial intelligence across its operations to meet rising market demand.For the three months ended June 30, profit attributable to owners rose 3% to nearly 548 million yuan from 532.4 million yuan a year earlier. Diluted earnings per share increased to 0.40 yuan from 0.38 yuan.Revenue climbed 9% year over year to 2.51 billion yuan from 2.31 billion yuan. The growth was led by the office software and services segment, which benefited from the ongoing integration of AI technology into its WPS Office applications.Kingsoft Cloud expanded its AI capacity in response to growing demand for computing services, notably from Xiaomi (HKG:1810) and the broader Kingsoft ecosystem.According to a Jefferies research note, AI advancements helped Kingsoft Cloud achieve its first-ever positive operating profit under GAAP terms, alongside rapid growth across both internal and external client bases.However, online games revenue fell 15% amid product lifecycle transitions and intensifying market competition.For the first half, attributable profit more than doubled, jumping 101% to 1.64 billion yuan from 816.3 million yuan a year ago. Diluted EPS increased to 1.19 yuan from 0.59 yuan.First-half revenue grew 6% to 4.93 billion yuan from 4.65 billion yuan in the prior-year period, supported by the deployment of enhanced AI capabilities across the company's systems.Meanwhile, Kingsoft's mainland-listed subsidiary, Beijing Kingsoft Office Software (SHA: 688111), also reported a sharp increase in first-half attributable profit, which surged to 2.52 billion yuan from 747.2 million yuan a year earlier. Diluted EPS climbed to 5.41 yuan from 1.61 yuan, while revenue rose 25% to 3.31 billion yuan from 2.66 billion yuan.
Xiaomi's (HKG:1810) attributable profit fell about 20.5% year over year in the second quarter as rising costs for memory and other key components pressured margins across its smartphone and electric vehicle segments.Profit attributable to shareholders slumped to 9.46 billion yuan from 11.90 billion yuan a year earlier, with earnings per share shrinking to 0.36 yuan from 0.45 yuan, according to a Tuesday Hong Kong bourse filing after market hours.Revenue also declined 6.1% to 108.9 billion yuan, although it rose 9.9% on a quarter-over-quarter basis, suggesting seasonal demand."In the second quarter of 2026, geopolitical uncertainties persisted, while significant increases in key component costs, including memory, along with intensified industry competition, continued to create headwinds for our business," Xiaomi said.During an earnings call, Xiaomi President William Lu described memory costs as running five times from year-ago levels. "I think we will see a global equilibrium. But in the short run, it is difficult to give a very precise estimate because this involves different tug of war."Xiaomi CFO Alain Lam said the company raised smartphone prices and upgraded its production mix to offset cost pressures, allowing its smartphone unit to achieve a gross margin of 8.5%. This was down from 11.5% a year earlier.Lu said the company can't fully pass on memory costs to customers and has instead adjusted its product lines and product mix.Elsewhere, Xiaomi's EV business continued to grow, with revenue across its wider smart EV, AI and other new initiatives segment rising 17% to 24.9 billion yuan. Gross margin for the segment also fell to 19.2% from 26.4% last year, which Lam attributed to a smaller contribution from the SU7 Ultra model versus a year ago.R&D spending increased 18.9% to 9.2 billion yuan, which Lam said reflected continued AI investment.Looking ahead to the third quarter, Lu said memory costs would likely stay elevated, but described the smartphone business as being in a "controllable" position.On shareholder returns, Xiaomi said it has so far repurchased HK$11.7 billion worth of shares this year, exceeding the full-year total for 2025.
Xiaomi's (HKG:1810) attributable profit to owners fell to 9.46 billion yuan in the second quarter from 11.9 billion yuan in the year-ago period, according to a Tuesday filing with the Hong Kong Stock Exchange.Earnings per share at the consumer electronics and electric vehicle maker decreased to 0.36 yuan from 0.45 yuan in the prior-year period.Revenue declined year over year to 108.9 billion yuan from about 116 billion yuan, the Chinese electronics company added.
Xiaomi (HKG:1810) has raised prices on several flagship smartphones by 300 yuan to 500 yuan starting Sunday, as higher memory chip costs continue to push up production expenses, The Standard reported, citing mainland media.The Xiaomi 17 now starts at 4,799 yuan, up from 4,499 yuan; the Xiaomi 17 Pro increased to 5,399 yuan from 4,999 yuan; and the Xiaomi 17 Pro Max rose 500 yuan to 6,499 yuan, according to the report.Prices of Redmi models, including the Turbo 5 and several K90 variants, also increased by about 300 yuan, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Hong Kong stocks ended slightly higher on Friday, tracking broader Asian gains as investors weighed strength in global technology shares against ongoing uncertainty over interest rates.The Hang Seng Index rose 25.55 points, or 0.1%, to close at 25,884.43, while the Hang Seng China Enterprises Index fell 32.56 points, or 0.4%, to 8,612.15.Strong earnings from major U.S. technology companies lifted chipmakers and helped ease concerns over artificial intelligence-related spending. Meanwhile, oil prices declined as supply flows through key shipping routes improved despite limited progress in U.S.-Iran talks.Among individual stocks, Xiaomi (HKG:1810) dropped nearly 7% after unveiling its SkyNomad extended-range SUV series as it expands further into China's electric vehicle market.CANbridge Pharmaceuticals (HKG:1228) gained 1% after starting registration procedures and commercial preparations to launch its Gaucher disease therapy, Gaurunning, in a North African market.
Xiaomi (HKG:1810) unveiled its SkyNomad extended-range SUV series as the company expands its electric vehicle lineup in China, according to a Thursday Hong Kong bourse filing.The company launched two models, the SkyNomad N90 Max seven-seater, priced from 299,900 yuan, and the SkyNomad N70 Max five-seater, starting at 259,900 yuan.Pre-orders opened on July 30, the statement said.Xiaomi's shares plunged nearly 8% in recent trade.
Xiaomi (HKG:1810) has an average rating of overweight and mean price target of HK$38.81, according to analysts polled by FactSet.
Shanghai's cyberspace administration, alongside economic, commerce, market regulation and police authorities, held a compliance guidance meeting on Tuesday as part of a special campaign to regulate online information dissemination in the automotive sector.Representatives from 15 automakers including SAIC (SHA:600104), Tesla, BYD (HKG:1211, SHE:002594), Xiaomi (HKG:1810), XPeng (HKG:9868), NIO (HKG:9866, SGX:NIO), and Li Auto (HKG:2015) attended, alongside over 80 major dealer groups and platforms like Xiaohongshu, Bilibili (HKG:9626) and Hupu, according to a Wednesday statement.Officials outlined key governance areas and regulatory requirements. The market regulator detailed pricing compliance guidelines covering manufacturing to sales.
Apple has received regulatory approval to roll out its Apple Intelligence platform on iPhones in China.The Cyberspace Administration of China cleared the feature, along with six other smartphone AI services, according to a notice published on Wednesday from the internet regulator.Apple Intelligence and Samsung's Galaxy AI were the only foreign platforms to receive approval. The remaining licenses went to Chinese smartphone makers Huawei, Oppo, Vivo, Xiaomi (HKG:1810), and ZTE (SHE:000063, HKG:0763).According to the regulator's notice, the approval applies only to iPhones and does not specify whether Apple Intelligence will also be available on iPads or Mac computers sold in China.Separately, the South China Morning Post reported that Alibaba's (HKG:9988) Qwen large language model will power Apple Intelligence features in China, while Baidu (HKG:9888) is working with Apple to develop AI capabilities for the service.
Xiaomi (HKG:1810) has an average rating of overweight and mean price target of HK$38.28, according to analysts polled by FactSet.
Xiaomi (HKG:1810) on Thursday announced plans to launch a so-called extended-range electric vehicle under the Sky Nomad brand name, according to multiple media reports Thursday.The launch of the SUV series represents the company's push into automobiles as growth slows in its mainstay smartphone market, Reuters reported.Xiaomi did not immediately respond to a request for comment from.
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