[ad_1] Chinese technology stocks tumbled the most in a month as Xiaomi Corp’s $5.5 billion share sale hit sentiment in a market that lacks fresh momentum. The Hang Seng Tech Index dropped as much as 3.8% on Tuesday, which took its fall from a March 18 high to more than 9%. Xiaomi shares were down […]
Xiaomi raises $5.5 billion in upsized Hong Kong share sale – CNBC TV18
[ad_1] Xiaomi Corp. raised about $5.5 billion in an upsized share sale, as the Chinese tech firm capitalizes on a surge in its stock price to help raise funds to expand its electric-vehicle business. The offering, which comes weeks after EV giant BYD Co.’s $5.6 billion fundraising, builds on what’s shaping up to be a […]
Xiaomi raises EV target after sales grow fastest since 2021 – CNBC TV18
[ad_1] Xiaomi Corp. hiked its 2025 delivery target for electric vehicles to 350,000 units after posting its fastest revenue growth since 2021, reflecting inroads into the Chinese EV market. The Beijing-based company, which delivered its first SU7 sedans in April 2024, has made progress in expanding its EV production capacity, billionaire co-founder Lei Jun said […]
TikTok, Xiaomi, other Chinese firms hit by European Union privacy complaints – CNBC TV18
[ad_1] TikTok, Shein, Xiaomi and three other Chinese companies were named in a privacy complaint filed on Thursday by Austrian advocacy group Noyb which claimed the firms were unlawfully sending European Union user data to China. Noyb is known for filing complaints against American companies such as Apple, Alphabet and Meta, which has led to […]
Xiaomi adds sign language support to its customer service – CNBC TV18
[ad_1] Xiaomi has unveiled a new Sign Language support feature to assist hearing and speech-impaired users. This initiative aims to provide personalised customer support through sign language interpreters, enabling effective interaction with Xiaomi’s products and services, regardless of users’ communication abilities. To utilise this feature, Xiaomi users can contact customer care via WhatsApp. They will […]