3C - TechWire

19:02

                            Wencan Holdings: The company is not currently cooperating directly with Xiaomi Auto, but has casting terminals to support the brand.
                        
11:38

                            Jefferies: Lowers Xiaomi's target price to HK$69.85 and maintains "buy" rating
                        
                            Jefferies released a report stating that Xiaomi Group's second-quarter results may fall short of expectations due to weak smartphone demand, lowering its target price from HK$73 to HK$69.85. The report maintains a "buy" rating. The report states that third-party data and industry surveys indicate that global smartphone demand will be weak in the second quarter of 2025, with some forward demand in the US market. Android device inventories are high, particularly in emerging markets such as Southeast Asia and India. The report lowered Xiaomi's smartphone revenue forecast for the second quarter of 2025 by approximately 5% and its gross profit margin forecast by 0.5% to 11.8%. Due to a more pessimistic view of global smartphone demand and the competitive landscape, the company also slightly lowered its long-term smartphone gross profit margin forecast to below 12%.
                        
10:29

                            Xiaomi Group (01810.HK) fell 5% with a turnover of nearly HK$8 billion.
                        
10:29

                            Xiaomi Group fell more than 5%
                        
                            Xiaomi Group fell more than 5%, with a turnover of nearly HK$8 billion.
                        
18:38

                            Kai Langer, BMW i Series Car Design Director, Joins Xiaomi
                        
                            On August 6, Kai Langer, head of BMW i series design, announced on LinkedIn that he joined Xiaomi on August 1 after working at the BMW Group for more than 20 years. According to LinkedIn information, Kai Langer has been working at the BMW Group since 2003, mainly in design.
                        
14:13

                            SenseTime's "Daily New" large-scale model interactive platform has been integrated into Xiaomi AI glasses
                        
                            On August 6th, SenseTime announced that its "Daily Update" large-scale model interaction platform has been integrated with Xiaomi AI glasses, enabling users to achieve integrated "seeing, speaking, remembering, and thinking" capabilities in real-life and work scenarios, with full-duplex real-time audio and video interaction. This collaboration provides a reference for the interactive paradigm of smart glasses and even the next generation of intelligent hardware, enabling AI to integrate more deeply into human perception and interaction in a more real-time manner, and continuously unleashing its potential to empower users to create value.
                        
16:45

                            Top Group: The company provides chassis-related components, air suspension and other supporting products for Xiaomi Auto.
                        
16:02

                            Hon Hai Technology: We need to pay close attention to the global political, economic situation and exchange rate trends.
                        
16:01

                            Hon Hai Technology: ICT products will enter the peak season in the second half of the year, and business will gradually recover in the third quarter.
                        
16:00

                            Hon Hai Technology: It is expected to achieve quarterly and year-on-year growth in the third quarter.
                        
15:59

                            Hon Hai Technology: Cloud computing and network products are expected to show strong growth in the third quarter.
                        
15:59

                            Hon Hai Technology: Sales of components and other products increased significantly in July.
                        
15:58

                            Hon Hai Technology: Computing products and smart consumer electronics saw strong growth in July.
                        
15:37

                            Foxconn: Looking ahead to the third quarter, overall operations will show both quarterly and year-on-year growth.
                        
15:36

                            Foxconn: Cloud computing and network products are expected to maintain strong growth in the third quarter.
                        
1754564545
124189
15

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Trends

AI AI Tesla Nvidia Xiaomi bitcoin Alibaba Apple Tencent Huawei

Weekly Highlights

                                    SpaceX: The Dragon spacecraft has been confirmed to have splashed down.
                            2025-08-09

                                    Nvidia's Vice President of Omniverse and Simulation Technology: China's manufacturing base is crucial to the development of the robotics industry
                            2025-08-09

                                    Greenwoods Hong Kong's US stock holdings at the end of the second quarter of 2025 revealed
                            2025-08-09

                                    Elon Musk has said: Apple, AAPL, is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which is an unequivocal antitrust violation
                            2025-08-13

                                    Moynihan says economists predict no Fed rate cuts as inflation gradually decreases
                            2025-08-14