3C - TechWire

12:55

                            Agency: China's total investment in AR/VR will exceed US$10.5 billion in 2029
                        
                            International Data Corporation (IDC) recently released the 2025 V1 version of the IDC "Global Augmented and Virtual Reality Spending Guide". IDC predicts that the total investment in global augmented and virtual reality (AR/VR) will reach US$15.22 billion in 2024, and is expected to increase to US$39.7 billion in 2029, with a five-year compound growth rate (CAGR) of 21.1%. China will grow into one of the most important markets for AR/VR in the world. IDC forecast data shows that from 2024 to 2029, China's AR/VR market will maintain rapid growth at a CAGR of 41.1%, surpassing the United States and Western Europe and other eight regions in terms of growth, ranking first in the world. IDC predicts that China's total investment in AR/VR will exceed US$10.5 billion in 2029, accounting for 26.5% of the global total, and the market size is second only to the United States.
                        
11:55

                            Agency: China's AR/VR market continues to expand, with a five-year compound growth rate of 41.1%
                        
                            The International Data Corporation (IDC) report predicts that the total global investment in augmented and virtual reality (AR/VR) will reach US$15.22 billion in 2024, and is expected to increase to US$39.70 billion in 2029, with a five-year compound annual growth rate (CAGR) of 21.1%. IDC forecast data shows that China's AR/VR market will maintain rapid growth at a CAGR of 41.1% from 2024 to 2029, surpassing the United States and Western Europe and other eight regions in terms of growth, ranking first in the world. IDC predicts that China's total investment in AR/VR will exceed US$10.5 billion in 2029, accounting for 26.5% of the world, and the market size is second only to the United States.
                        
14:42

                            Xiaomi's car front bumper air duct patent is authorized
                        
                            According to Tianyancha's property clue information, the "Front Bumper Air Duct and Vehicle" patent applied by Xiaomi Automobile Technology Co., Ltd. was recently authorized. The abstract shows that the front bumper air duct disclosed in the present invention includes an air duct body and a movable plate, the air duct body is surrounded by an air duct; at least a portion of the movable plate is disposed in the air duct body, and the movable plate is rotatably connected to the air duct body to switch between a first position of closing the air duct and a second position of opening the air duct. The front bumper air duct disclosed in the present invention can adjust the lift of the front axle of the vehicle by rotating the movable plate, thereby improving the vehicle's handling performance.
                        
11:41

                            Xiaomi Legal Department: Juhaokan published false and misleading information that insulted and denigrated Xiaomi, constituting commercial defamation
                        
                            Xiaomi's legal department released a statement on its official Weibo account today, saying that Xiaomi recently received a final judgment from the court regarding the commercial defamation case filed by Xiaomi against Ju Haokan Technology Co., Ltd., which rejected Ju Haokan's appeal and upheld the original judgment. The statement said that the second-instance court held that: from the analysis of semantics, context, and correspondence between specific subjects, combined with public perception, the first-instance court's conclusion that the content of Ju Haokan's Weibo pointed to Xiaomi was correct; Ju Haokan regarded Xiaomi as a competitor and used slogans similar to Xiaomi's, such as "The First Good TV for Young People" and "Our Journey is the Real Starry Sea". In this context, it attempted to conceal the directionality by marking the pinyin, which was subjectively malicious, and was released at the Double Eleven node, further proving its intention to increase its own sales by defaming competing products.
                        
14:37

                            Market news: Sharp will sell its Kameyama Plant 2 to Foxconn before August 2026.
                        
09:51

                            Xiaomi Group (01810.HK) fell more than 5%, with a turnover of more than HK$3.5 billion.
                        
18:12

                            The largest Xiaomi Auto flagship center in Shanghai is located in Waigaoqiao and is scheduled to open in October this year
                        
                            Recently, Xiaomi Auto signed a property lease contract with New Development Company, a subsidiary of Waigaoqiao Group, to set up the Xiaomi Auto Flagship Center in the Phase III Park of Xin Park, Waigaoqiao New Exhibition City. The project has a construction area of over 15,000 square meters, integrating the display of all Xiaomi models on sale, test rides, vehicle delivery, after-sales maintenance, direct body painting and other functions. It is currently the largest Xiaomi Auto Flagship Center in Shanghai and the first delivery center of Xiaomi Auto in Pudong. It is scheduled to officially open in October 2025.
                        
08:42

                            Lei Jun: The past month has been the most difficult time since founding Xiaomi
                        
                            On May 10, Lei Jun, founder, chairman and CEO of Xiaomi, posted on Weibo: The past month has been the most difficult period since the founding of Xiaomi. I was in a low mood and canceled some meetings and business trips. I also stopped interacting on social media. I have been very busy in the past few years. During this period, I can calm down and think carefully. I have indeed gained something... I have read a lot of messages from friends recently and I am particularly moved. Your care and support have given me great confidence, allowing me to gradually regain the courage and confidence to move forward, and my condition has gradually recovered.
                        
15:28

                            Xiaomi Motors releases patent for battery health status prediction
                        
                            According to Tianyancha's property clue information, the patent for "Battery Health Status Prediction Method and Device" applied by Xiaomi Automobile Technology Co., Ltd. was recently announced. The abstract shows that the disclosure relates to the field of simulation operations. The specific steps are: obtaining a first training data set, training a battery status prediction model based on the first training data set to determine a first parameter set, wherein the first training data set is the operating condition data of the battery during operation; obtaining a second training data set, training a battery status prediction model based on the second training data set to determine a second parameter set, wherein the second training data set is battery health status related data; configuring the first parameter set and the second parameter set into the battery status prediction model; inputting the real-time parameters of the battery into the battery status prediction model for inference operations to determine the battery health status parameters. The present disclosure trains the parameters in the battery status prediction model through two training data sets, thereby realizing the prediction of battery health status parameters, avoiding the problem of insufficient prediction accuracy, and improving the accuracy of battery status prediction.
                        
10:18

                            Lei Jun said that the mass-produced version of Xiaomi SU7 Ultra is challenging the Nürburgring Nordschleife
                        
                            On May 8, Lei Jun revealed in a post that the mass-produced version of Xiaomi SU7 Ultra is challenging the Nürburgring Nordschleife.
                        
22:55

                            Xiaomi Motors apologizes for controversy over SU7 Ultra's qualifying mode and carbon fiber dual-duct front hatch
                        
                            On the evening of May 7, Xiaomi Auto issued a statement in response to the controversial issues of limited horsepower and carbon fiber dual-duct front hatch cover of Xiaomi SU7Ultra. Xiaomi Auto said that the "qualifying mode" function in the previously pushed updated version added unlocking conditions, "which has caused trouble to some users, and we deeply apologize for this." After receiving everyone's feedback, Xiaomi Auto has suspended this push; for a small number of users who have upgraded, Xiaomi Auto will solve it in the next version update. It has begun to promote the development and testing of the new version, which is expected to take 4-8 weeks. In addition, Xiaomi Auto stated that the carbon fiber dual-duct front hatch cover of Xiaomi SU7Ultra, in addition to meeting the needs of replicating the exterior shape, also provides some airflow export and auxiliary front cabin heat dissipation functions. "We deeply apologize for the lack of clarity in the previous information. We will take the following measures: For undelivered orders, we will provide a limited-time refit service, which can be changed back to an aluminum front hatch cover; for locked-in users who have picked up the car and selected the carbon fiber dual-duct front hatch cover before the end of this limited-time refit, 20,000 points will be given as a token of sincerity."
                        
15:10

                            Lenovo's Yang Yuanqing responds to whether product prices will increase
                        
                            At Lenovo TechWorld today, Lenovo Group Chairman Yang Yuanqing was asked whether Lenovo's products would increase in price in the future as a global company. Yang Yuanqing said that there is definitely no absolute answer, and the supply and demand of components is an important consideration. What everyone is concerned about is that the impact of tariffs will be reflected in product pricing. If there is no further policy change, the impact on prices may not be significant. But the future is very uncertain.
                        
15:38

                            Hon Hai's sales in April reached NT$641.37 billion, a year-on-year increase of 25.5%.
                        
                            Foxconn's sales in April were NT$641.37 billion, a significant increase of 25.5% year-on-year.
                        
12:46

                            Daiwa Capital Markets: Raised Xiaomi Group's (01810.HK) target price from HK$60.00 to HK$65.00.
                        
10:46

                            Daiwa Capital Markets: Raise Xiaomi Group's (01810.HK) target price to HK$66, first-quarter adjusted profit is expected to hit a new high.

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