3C - TechWire

11:55

                            GAC Toyota officially announces cooperation with Xiaomi Motors
                        
                            GAC Toyota held the 2025 Technology Day, and the company announced a partnership with Xiaomi. GAC Toyota officially joined the Xiaomi "people, cars, and homes" ecosystem, and the Bozhi 7 will be the first to be equipped with it, opening the hardware ecosystem interface. In the future, GAC Toyota models will see more Xiaomi ecosystem devices, such as Xiaomi smart intercoms, Xiaomi car phone holders, etc.
                        
15:04

                            Xiaomi Motors responds to cooperation with GAC Toyota: It is a recognition of our smart ecosystem
                        
                            On June 11, Xiaomi Motors’ official Weibo account responded to the cooperation with GAC Toyota: GAC Toyota’s choice to cooperate with Xiaomi is a recognition of Xiaomi Motors’ smart ecosystem, and we are honored! We look forward to working together in the future to build and share a smart ecosystem and create a more convenient and smarter travel experience for users.
                        
10:08

                            Xiaomi Motors’ payment terms are unified to within 60 days
                        
                            Xiaomi Motors resolutely implements the deployment requirements made by the state and relevant competent authorities to promote the high-quality development of the automobile industry and ensure the stability of the supply chain, and unifies the payment period for suppliers to within 60 days. We will take practical actions and work with upstream and downstream partners to jointly promote the high-quality development of China's automobile industry.
                        
09:19

                            Xiaomi's patent for car chip startup method is authorized
                        
                            Tianyancha property clue information shows that recently, the patent for "chip startup method, system-level chip and vehicle" applied by Xiaomi Automobile Technology Co., Ltd. was authorized.
                        
07:32

                            Huatai Securities: Sports camera and panoramic camera industries are booming, and Chinese manufacturers are rising rapidly
                        
                            Huatai Securities Research Report stated that with the rise of outdoor sports, the rapid growth of social media content, and the gradual maturity of VR/AR, sports cameras and panoramic cameras, as key devices for capturing and sharing dynamic moments and immersive experiences, are gradually changing from niche imaging devices for extreme sports players to "breaking the circle" and becoming creative productivity tools for outdoor sports enthusiasts and short video users. The "new consumption" attribute is significant, and the industry is in a rapid growth stage. Inspur, GoPro, and DJI are the three core players. Looking to the future, "all-round" personal imaging equipment may be the development direction, and the core of competition in the industry is shifting from hardware parameters to multi-dimensional competition such as AI, software ecology, and differentiated innovation capabilities.
                        
08:45

                            Xiaomi Motors refutes rumors of fatal car accident in advanced driving training
                        
                            On June 10, in response to online rumors that a fatal car accident occurred during Xiaomi's advanced driving training, Xiaomi Auto Vice President Li Xiaoshuang posted a Weibo post to refute the rumor, saying that a large number of small accounts have been widely disseminating accident pictures on various platforms in recent days, and have used all kinds of rhetoric to stigmatize the training program, and even fabricated rumors of casualties, seriously misleading the public, which is extremely bad in nature. Legal proceedings will be initiated to hold the rumormongers accountable. Subsequently, Xiaomi Group Public Relations General Manager Wang Hua forwarded the Weibo post and said that all evidence collection was completed yesterday and legal proceedings have been initiated.
                        
17:48

                            Xiaomi China personnel adjustment: Vice President Wang Xiaoyan concurrently serves as General Manager of Xiaomi Home
                        
                            Xiaomi China recently ushered in personnel adjustments. Wang Xiaoyan, vice president of Xiaomi Group, president of China, and general manager of the new retail department, concurrently serves as general manager of Xiaomi Home, the new retail department. It is reported that after Wang Xiaoyan serves as the general manager of Xiaomi Home, the former general manager of Xiaomi Home, Wang Hui, will be transferred to the general manager of the sales management department and continue to report to Wang Xiaoyan. At the end of 2024, Ma Ji, vice president of Xiaomi Group and general manager of the new retail department in China, resigned. Wang Xiaoyan began to serve as the general manager of the new retail department. Now he serves as the general manager of Xiaomi Home, which can be said to be holding multiple positions. Wang Xiaoyan joined Xiaomi in 2019 and has served as the head of the e-commerce department, sales operation department, new retail department and operator department in China. Xiaomi's evaluation of him in the official website resume is that under the external challenge of the overall decline of the market, he has achieved stability and growth, which has played a decisive role in the construction of the new retail business in China.
                        
14:16

                            JPMorgan Chase raises Kingsoft Cloud's target price to HK$10 as AI growth prospects are highly certain
                        
                            JPMorgan Chase published a research report stating that Kingsoft Cloud's stock price soared after the company announced its third-quarter results. It believes that the group is realizing a strategic transformation to artificial intelligence and embracing the financial benefits brought by Xiaomi and the entire Kingsoft Group. Therefore, the bank believes that Kingsoft Cloud's AI revenue growth prospects are more certain than many other AI stocks. It is believed that Xiaomi and Kingsoft Software's demand for GPU computing power for model training is still growing, and most of their AI computing expenses will be allocated to Kingsoft Cloud. In addition, due to the increasing complexity of supply chain management, the bank expects that the introduction of third-party suppliers to provide computing power will have a negative impact on profit margins. Overall, the bank maintains Kingsoft Cloud's overweight rating, and the US stock target price is significantly raised from US$4.2 to US$18.5, and the Hong Kong stock target price is significantly raised from HK$2.2 to HK$10.
                        
16:57

                            Xiaomi SU7 deliveries exceed 250,000 units
                        
                            On June 6, Xiaomi founder Lei Jun posted on a social platform that more than 250,000 units of Xiaomi SU7 have been delivered.
                        
10:37

                            Cainiao continues to deploy logistics + AI and joins hands with China Eastern Airlines to build the world's first smart hangar
                        
                            China Eastern Airlines Technology Co., Ltd. and Cainiao Group jointly created an overall solution for smart maintenance. The project uses AI technology to identify aircraft damage and predict potential failures in advance through data mining. In addition, augmented reality (AR) and virtual reality (VR) technologies are used to train and guide maintenance personnel to improve maintenance efficiency and accuracy. The project has been completed in two phases. The first phase is the Qingpu Training Center (R&D Center) and the second phase is the Hongqiao Maintenance Base Project.
                        
15:38

                            Foxconn: Based on the current outlook, the operating prospects for the second quarter are expected to achieve both quarter-on-quarter and year-on-year growth, but we still need to continue to closely monitor the changing global political and economic situation and the impact of exchange rate fluctuations.
                        
15:35

                            Foxconn: Revenue in May increased by 11.92% year-on-year.
                        
15:35

                            Foxconn: Revenue in May increased by 11.92% year-on-year
                        
                            Foxconn: Revenue in May increased by 11.92% year-on-year.
                        
11:27

                            Lei Jun arranged an 18 yuan red envelope for milk tea without any threshold? Xiaomi: Fake news
                        
                            In response to a picture circulating online that showed Lei Jun arranging a Taobao flash sale with an 18-yuan red envelope with no threshold, Xiaomi Group responded on June 4 that it was fake news. The picture showed that Lei Jun, founder, chairman and CEO of Xiaomi Group, posted a message saying that to celebrate the official launch of Xiaomi YU7, everyone was given a cup of milk tea and a corresponding red envelope redemption password was provided.
                        
16:22

                            Lei Jun: Fight against involution and do not engage in price wars, and soon make automotive chips
                        
                            On June 3, Lei Jun, founder, chairman and CEO of Xiaomi Group, said at the Xiaomi Investor Conference that he would fight against internal competition and not engage in price wars, and would soon make automotive chips. Lei Jun mentioned that the price of the standard version of YU7 will not be just 20,000 yuan higher than the standard version of SU7; new businesses such as automobiles and chips are expected to break even in Q3-Q4 this year.
                        
1749700547
118978
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 bitcoin Nvidia Xiaomi Apple Alibaba Tencent Huawei

Weekly Highlights

                                    Hong Kong stocks opened: Hang Seng Index opened 0.14% higher, Hang Seng Technology Index opened 0.13% higher
                            2025-06-06

                                    A U.S. appeals court rejected Apple's (AAPL.O) request to suspend an order on App Store reforms in its lawsuit against Epic Games, court documents showed.
                            2025-06-05

                                    Cainiao continues to deploy logistics + AI and joins hands with China Eastern Airlines to build the world's first smart hangar
                            2025-06-06

                                    According to The Information: OpenAI has been in talks with Saudi Arabia's Public Investment Fund and India's Reliance Industries about its $4 billion financing. OpenAI has told investors that they hope to raise another $17 billion by 2027.
                            2025-06-12

                                    Taobao Vision Pro App wins Apple Design Award: Hopes to blur the boundaries between online and offline shopping
                            2025-06-12