3C - Asia Tech Wire

11:06

                            Xiaomi is building a GPU cluster with 10,000 GPUs and will invest heavily in large AI models
                        
                            On December 26, Xiaomi is working on building its own GPU cluster and will invest heavily in AI big models. When the Xiaomi big model team was established, it already had 6,500 GPU resources. Interface News asked Xiaomi for confirmation, but Xiaomi has not commented as of press time. An insider told Interface News that the plan has been in place for several months, and Lei Jun played an important leadership role in it. "When it comes to AI hardware, the core is the mobile phone, not the glasses. It is impossible for Xiaomi not to go 'all in' in this field."
                        
13:52

                            Xiaomi applies for YU7 trademark registration
                        
                            Tianyancha intellectual property information shows that Xiaomi Technology Co., Ltd. has recently applied to register multiple "XIAOMI YU7" and "XIAOMI YU" trademarks. The international classification includes transportation and storage, transportation tools, scientific instruments, etc. The current trademark status is waiting for substantive review. According to media reports, on the evening of December 9, Xiaomi Motors' official Weibo account released a dynamic display showing that Xiaomi Motors' second model is an SUV, named "Xiaomi YU7", and is expected to be officially launched in June-July 2025.
                        
10:03

                            Xiaomi Motors and NIO officially start charging and energy replenishment network cooperation
                        
                            According to Xiaomi Motors’ official Weibo: Xiaomi Motors and NIO have officially started the charging and energy replenishment network cooperation. 14,000+ NIO charging piles have been added to the Xiaomi charging map, which supports real-time viewing of dynamic data of NIO charging stations in the charging map, and also supports charging by scanning the code in the Xiaomi Motors APP.
                        
20:00

                            Xiaomi responds to rumors of year-end layoffs
                        
                            On December 24, Xiaomi Group PR General Manager Wang Hua published a post to refute the rumor that "Xiaomi will lay off employees at the end of the year". Wang Hua said: "Every year at the end of the year, there will be rumors of layoffs. This is the most outrageous one I have seen. A company with a scale of 6,000 people, 3,500 people, less than 10%, and 20% of the total must not report to the relevant departments first? Is this a lack of basic common sense? The funniest thing is, 'there is only one month left before the year-end bonus is paid', this person must not know what a fiscal year is! Anonymous workplace software platforms cannot actually hide identities, otherwise let's save some money quickly?"
                        
17:33

                            Southbound funds made a large net purchase of 5.227 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Industrial and Commercial Bank of China and China Construction Bank received net purchases of HK$745 million and HK$247 million respectively; Meituan-W ranked first in net sales, with an amount of HK$310 million; in terms of Hong Kong Stock Connect (Shenzhen), Xiaomi Group-W and Alibaba-W received net purchases of HK$338 million and HK$196 million respectively; Meituan-W ranked first in net sales, with an amount of HK$329 million.
                        
13:53

                            Foxconn announced to join hands with Porotech to enter the AR glasses market
                        
                            Foxconn announced that it will join hands with Porotech to enter the AR glasses market. According to the cooperation between the two parties, Foxconn will accelerate its strategic layout in AR and MicroLED, and plans to establish a MicroLED wafer process production line in Taichung, which is expected to go into mass production in the fourth quarter of 2025. 
                        
12:10

                            Hong Kong stocks closed: Hang Seng Index rose 1.08% Hang Seng Technology Index rose 1.12%
                        
                            Hong Kong stocks closed. Due to the Christmas holiday, Hong Kong stocks were closed this afternoon (24th), and will be closed on December 25th (Wednesday) and 26th (Thursday). Hong Kong's Hang Seng Index closed up 1.08%, returning above the 20,000-point mark; the Hang Seng Technology Index closed up 1.12%. Weimob Group rose more than 30%, Xiaomi Group and Dongfang Zhenxuan rose more than 3%. Domestic bank stocks continued to rise today, and the five major Chinese banks, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank of China, and Bank of Communications, all hit record highs
                        
10:28

                            Jiang Shubo from Heilongjiang Province Ice and Snow Economic Research Center: Enterprises should be guided to use AR/VR and other technologies to promote the intelligence of ice and snow equipment
                        
                            Jiang Shubo, deputy director of the Heilongjiang Province Ice and Snow Economy Research Center, suggested that leading enterprises should play a leading role, and jointly carry out basic frontier research, key common technology research and advanced manufacturing process research on ice and snow equipment with colleges and universities and scientific research institutions, especially to improve the research and development and manufacturing capabilities of core equipment such as snow machines, ice machines, snow presses, and cable cars. In addition, relying on my country's unique advantages in the field of digital economy, we should also actively guide industry enterprises to make full use of new generation information technologies such as AR/VR, optimize and upgrade ice and snow sports simulation training platforms, develop online products and services such as smart skiing and skating, and promote the intelligent development of ice and snow equipment. 
                        
21:00

                            Hon Hai announced a 600 million yuan investment in Zhengzhou Foxconn New Energy Battery Company
                        
                            Hon Hai announced that the group has invested an additional RMB 600 million in Foxconn New Energy Battery (Zhengzhou) Co., Ltd. Hon Hai pointed out that for long-term investment, it will invest in Foxconn New Business Development Group Co., Ltd. through its subsidiary Hon Fujin Precision Electronics (Zhengzhou) Co., Ltd., and Foxconn New Business Development Group Co., Ltd. will then invest in Foxconn New Energy Battery (Zhengzhou) Co., Ltd. The investment will be made in stages, with the first investment of RMB 350 million.
                        
17:34

                            Xiaomi Motors officially integrates VLM visual language model
                        
                            On December 23, Xiaomi Motors announced that Xiaomi SU7 1.4.5 OTA has been launched, with 13 new features and 26 experience optimizations. This update officially connects to the VLM visual language model, and the system can identify complex road environments and special traffic rules areas, and provide text and voice prompts. In addition, the charging map has been upgraded, and cooperation with Weilai, Xiaopeng, and Ideal has been reached on the charging network.
                        
12:13

                            Dongyi Risheng once fell more than 6% during the trading session. The company responded that Xiaomi will reduce its holdings
                        
                            Dongyi Risheng fell to 4.05% at the opening, and once fell more than 6% during the session. As of the midday close, it fell 5.56% to 5.60 yuan per share. On the news front, on the evening of December 19, Dongyi Risheng announced that Xiaomi Technology Co., Ltd., a shareholder holding more than 5% of the company's shares, plans to reduce its holdings of the company's shares by no more than 4.1954 million shares through centralized bidding transactions due to its own capital needs, accounting for 1% of the total share capital of the listed company. As of the date of the announcement, Xiaomi Technology held 21 million shares of Dongyi Risheng, ranking as the company's third largest shareholder. The reporter called Dongyi Risheng as an investor, and relevant people said that the company's stock limit or decline is a normal phenomenon in the secondary market. Matters related to Xiaomi Technology, a shareholder of the company, shall be subject to the company's announcement. In fact, in just three days, the "Xiaomi system" has been involved in the reduction of holdings of three A-share listed companies including Dongyi Risheng, Ninebot, and Diowei.
                        
21:43

                            Dongyi Risheng: Xiaomi Technology plans to reduce its holdings of no more than 1% of the company's shares
                        
                            Dongyi Risheng announced that Xiaomi Technology (Wuhan) Co., Ltd., a shareholder holding more than 5% of the company's shares, plans to reduce its holdings of the company's shares by no more than 4,195,369 shares through centralized bidding transactions due to funding needs, accounting for 1% of the total share capital of the listed company. The reduction period is within 3 months after the fifteenth trading day from the date of disclosure of this announcement. Xiaomi Technology currently holds 21,000,000 shares of the company's stock, accounting for 5.01% of the company's total share capital. There is uncertainty in the time, quantity and price of the reduction plan. The implementation of this reduction plan will not lead to a change in the control of the listed company, and will not affect the company's governance structure, equity structure and sustainable operation.
                        
21:26

                            Xiaomi won another plot of land in Wuhan with RMB 65.06 million, and the construction of its first smart home appliance factory officially started
                        
                            Xiaomi Smart Appliances (Wuhan) Co., Ltd. won the industrial land in Wuhan for 65.06 million yuan. It plans to produce 6 million sets of air conditioners annually, with an estimated annual output value of 11 billion yuan, and achieve large-scale mass production in 2026.
                        
19:04

                            The first intelligent security ecosystem collaboration organization was established: Huawei, ByteDance, Ant and other leading companies joined
                        
                            The first intelligent body security ecosystem collaboration organization in China, the "IIFAA Intelligent Body Trusted Interconnection Working Group", was announced in Beijing. The working group is committed to promoting the industry to jointly formulate relevant security technical specifications for cross-intelligent body interactions to meet the security collaboration challenges brought about by the rapid development of intelligent bodies and jointly build an open, cooperative and win-win intelligent body ecosystem. More than 20 leading technology companies and units such as China Academy of Information and Communications Technology, Honor, OPPO, Xiaomi, Huawei, Zhipu, Byte, Alibaba, Ant, JD.com, China Mobile, and Qualcomm became the first members of the working group. The working group was initiated by the IIFAA Internet Trusted Authentication Alliance. It is understood that the alliance was established in 2015 and is committed to trusted identity authentication and other work, with more than 300 member units. Zheng Liang, Secretary-General of the IIFAA Alliance, pointed out that open collaboration is needed between intelligent bodies, and industry norms for security and mutual trust need to be jointly built. This is of vital importance to the long-term healthy development of the industry.
                        
16:28

                            Apple drops plans for iPhone hardware subscription service
                        
                            Apple Inc. has discontinued its iPhone hardware subscription program, according to Bloomberg, citing people familiar with the matter.
                        
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Weekly Highlights

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                                    Xiaomi Motors officially integrates VLM visual language model
                            2024-12-23