TOPIC

/ company

Xiaomi

Xiaomi designs and sells smartphones, tablets, fitness trackers, and apps. Since its launch in Beijing in 2010, the company has gone on to become one of the largest smartphone manufacturers in the world, challenging Apple and Samsung for market share, particularly in China and Southeast Asia.

Chairman / President

Lei Jun

CEO / Managing Director

Lei Jun

CFO / Finance Director

Lam Sai Wai (Alain)

Industry

Electronics

Website

xiaomi.com

Headquarters address

Xiaomi Campus. Anningzhuang Road. Haidian District. Beijing, China

Stock Code

SEHK:1810

A Xiaomi SU7 Max is displayed at the entrance of the company’s EV factory in Beijing. Photo: AFP

Electric & new energy vehicles

Xiaomi’s SU7 becomes China’s first Tesla killer, outselling the Model 3

Tesla’s grip on China’s premium sedan segment has loosened, as a bruising price war reshapes the EV landscape.

25 Jan 2026 - 11:00AM

Hong Kong stock market

Hong Kong stocks rise to 1-week high on China easing hope, US data

23 Jan 2026 - 4:29PM

China’s private sector

China’s private sector increases presence among top 100 listed firms

22 Jan 2026 - 8:00PMvideocam

Apple

Apple cuts prices for Lunar New Year as competition heats up in mainland China

Apple offers discounts on iPhones, MacBook and other products – its second promotion in a month ahead of the holiday.

22 Jan 2026 - 5:01PM

Apple led the smartphone market in mainland China with a 22 per cent share in the fourth quarter of 2025. Photo: AFP

SCMP Highlights

Chinese carmakers eye Western markets, China-EU dispute progress: 7 EV reads

From a widening gap in US-China electric vehicle markets to Xiaomi’s refreshed SU7, here are seven EV stories you may have missed.

21 Jan 2026 - 12:30PM

Smartphones

Exclusive | China’s Xiaomi, Transsion slash 2026 smartphone shipments as memory crunch bites

Xiaomi cut its latest shipment forecast by between 10 and 70 million units, while Transsion lowered its target by 30 to 45 million units.

20 Jan 2026 - 7:15PM

Smartphones

Huawei reclaims top spot over Apple in China smartphone market

Huawei turns to China-designed processors to complete a rebound from US sanctions and ship nearly 47 million smartphones domestically.

14 Jan 2026 - 7:30PM

Huawei secured 16.4 per cent of China’s smartphone market against Apple’s 16.2 in 2025, according to the International Data Corporation. Photo: Shutterstock

Hong Kong stock market

Hong Kong stocks advance as investors turn to China amid Middle East uncertainty

Hang Seng Index extends rally as regional markets find support amid rising tensions between the US and Iran.

14 Jan 2026 - 4:40PM

Smartphones

Surging chip prices force Chinese smartphone maker Meizu to abandon launch

Memory-chip prices could jump between 40 and 50 per cent in the first quarter after rising by the same level in the previous quarter.

12 Jan 2026 - 7:00PM

Artificial intelligence

Chinese robot vacuum maker Dreame sees AI-driven appliances run household chores

The firm’s ambition is to become a ‘world-class technology company’, global president Chang Xinwei says.

9 Jan 2026 - 9:07AM

People at the CES trade show watch Dreame’s prototype Cyber X robot vacuum cleaner, the first such product designed to climb up and down an entire flight of stairs and handle multilevel cleaning. Photo: AFP

DeepSeek

Core team of Chinese researchers behind AI model R1 remains intact: DeepSeek

The 18 core scientists behind R1 continue to power the start-up’s AI ambitions and capabilities amid growing anticipation of a new release.

8 Jan 2026 - 9:00PM

The updated technical paper of DeepSeek’s R1 development shows the start-up retained all 18 scientists behind the much-acclaimed AI model. Photo: Shutterstock

Electric & new energy vehicles

Xiaomi’s refreshed SU7 turns up the heat on Tesla in China’s EV race

Updated SU7 model offers longer range – more than 900km (560 miles) on a single charge – and other advanced features.

8 Jan 2026 - 1:50AM

China economy

Opinion | Innovation and exports will winnow China’s car industry in 2026

Exports will be key to profitability and chips will be the new battleground but consolidation is likely to be confined to the battery sector.

6 Jan 2026 - 4:30PMvideocam

Electric & new energy vehicles

Tesla’s China sales hit record as EV buyers race to beat tax increase

US carmaker’s share of world’s biggest EV market declines to slightly more then 4 per cent amid stern challenge from local rivals.

6 Jan 2026 - 10:27AM

Tesla cars are displayed in a showroom in Beijing on April 4, 2025. Photo: Simon Song

Electric & new energy vehicles

China’s EV sector doubles down on discounts and cheap financing as growth cools

Carmakers are shifting from straight price cuts to subsidised loans and feature-packed models, as China’s EV price war drags on.

6 Jan 2026 - 11:59AM

Beijing has urged the sector to rein in price wars since July amid deflationary pressures, with even market leader BYD reporting its biggest net profit drop in more than four years. Photo: Xinhua

IPO

Hong Kong’s IPO dominance in 2025 set to carry on into new year

The city’s exchange secures global bragging rights after 114 companies raised US$37.22 billion on the main board in 2025, according to LSEG.

2 Jan 2026 - 10:53PM

IPO

China’s DRAM giant CXMT plans US$4.2 billion IPO on Shanghai’s Star Market

Listing aims to fund wafer expansion and DRAM upgrades as Beijing drives tech self-reliance.

31 Dec 2025 - 3:38PM

Mainland China

China’s second-hand boom fuels bruising battle for trade-in traffic

Recycling platform ATRenew is scaling up as China’s young consumers shed the stigma around second-hand shopping.

31 Dec 2025 - 7:30AM

Two women use their mobile phones at a store in Beijing on November 29, 2025. Photo: AFP

Robotics

Chinese robot vacuum maker Dreame gives staff gifts of gold, trip to Antarctica

Dreame’s surprise largesse reflects its robust business growth in 2025, as it remains one of the world’s top robot vacuum cleaner brands.

29 Dec 2025 - 7:32PM

Hong Kong stock market

Hong Kong stocks fail to hold on to gains on slow trade

Sentiment swings between concerns over a weakening growth outlook and bets that Beijing will step up policy easing to prop up the economy.

29 Dec 2025 - 4:44PM

Hong Kong stock market

Xiaomi dips on co-founder’s US$2 billion share sale plan

Co-founder and vice-chairman Lin Bin plans to offload no more than US$500 million in any 12-month period starting in December 2026.

29 Dec 2025 - 4:25PM

Customers try Xiaomi 17 series smartphones at a Xiaomi store in Nanjing, in eastern China’s Jiangsu province, on September 27, 2025. Photo: VCG via Getty Images

Robotics

Untapped global demand to drive next phase of robotic vacuum growth: Dreame

Europe is Dreame’s largest market for robotic vacuum cleaners, with more than half of its revenue there generated by premium products.

28 Dec 2025 - 7:00AM

A visitor looks at an intelligent cleaning robot displayed at the China International Fair for Trade in Services in Beijing, September 12, 2025. Photo: Xinhua

Smartphones

Xiaomi’s 17 Ultra, backed by Leica, challenges Apple’s iPhone Pro Max in imaging

The 17 Ultra’s US$998 starting price is nearly 8 per cent higher than the previous generation owing to the soaring cost of memory chips.

25 Dec 2025 - 11:14PM

Hong Kong stock market

Hong Kong stocks rise as Wall Street rally boosts confidence in earnings growth

Investors shrug off weaker US Federal Reserve easing hopes and bet on resilient corporate profits into 2026.

24 Dec 2025 - 3:48PM

US-China relations

China’s Xiaomi rejects claims of military ties after appeal by US lawmakers

Smartphone-to-vehicle giant says it ‘has always been and continues to be a consumer product company’.

23 Dec 2025 - 7:29PM

Xiaomi says it is not a Chinese military company nor affiliated with any Chinese military entities. Photo: Shutterstock

Hong Kong stock market

SMIC, Pop Mart lead Hong Kong stocks higher before Christmas trading break

Hong Kong’s market will close early on Wednesday and remain shut on December 25 and 26.

22 Dec 2025 - 4:33PM

Stock market trading will be limited this week due to the Christmas holiday. Photo: Jelly Tse

Electric & new energy vehicles

China’s approval for L3 self-driving cars to stimulate slowing mainland market

Chinese carmakers could sell about 270,000 semi-autonomous vehicles next year, representing 1 per cent of the total market, Daiwa says.

22 Dec 2025 - 7:30AMvideocam

Robotics

Building a humanoid robot without China? Then you better bring a bigger wallet

China has issued five times the number of patents related to humanoid robots than the US, says Morgan Stanley.

21 Dec 2025 - 7:30AM

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Xiaomi

Xiaomi’s SU7 becomes China’s first Tesla killer, outselling the Model 3

Tesla’s grip on China’s premium sedan segment has loosened, as a bruising price war reshapes the EV landscape.

Hong Kong stocks rise to 1-week high on China easing hope, US data

China’s private sector increases presence among top 100 listed firms

Apple cuts prices for Lunar New Year as competition heats up in mainland China

Apple offers discounts on iPhones, MacBook and other products – its second promotion in a month ahead of the holiday.

Chinese carmakers eye Western markets, China-EU dispute progress: 7 EV reads

From a widening gap in US-China electric vehicle markets to Xiaomi’s refreshed SU7, here are seven EV stories you may have missed.

.css-sioo19{color:#c79a00;}Exclusive | China’s Xiaomi, Transsion slash 2026 smartphone shipments as memory crunch bites

Xiaomi cut its latest shipment forecast by between 10 and 70 million units, while Transsion lowered its target by 30 to 45 million units.

Huawei reclaims top spot over Apple in China smartphone market

Huawei turns to China-designed processors to complete a rebound from US sanctions and ship nearly 47 million smartphones domestically.

Hong Kong stocks advance as investors turn to China amid Middle East uncertainty

Hang Seng Index extends rally as regional markets find support amid rising tensions between the US and Iran.

Surging chip prices force Chinese smartphone maker Meizu to abandon launch

Memory-chip prices could jump between 40 and 50 per cent in the first quarter after rising by the same level in the previous quarter.

Chinese robot vacuum maker Dreame sees AI-driven appliances run household chores

The firm’s ambition is to become a ‘world-class technology company’, global president Chang Xinwei says.

Core team of Chinese researchers behind AI model R1 remains intact: DeepSeek

The 18 core scientists behind R1 continue to power the start-up’s AI ambitions and capabilities amid growing anticipation of a new release.

Xiaomi’s refreshed SU7 turns up the heat on Tesla in China’s EV race

Updated SU7 model offers longer range – more than 900km (560 miles) on a single charge – and other advanced features.

.css-1m2rp1p{color:#34b8b5;}Opinion | Innovation and exports will winnow China’s car industry in 2026

Exports will be key to profitability and chips will be the new battleground but consolidation is likely to be confined to the battery sector.

Tesla’s China sales hit record as EV buyers race to beat tax increase

US carmaker’s share of world’s biggest EV market declines to slightly more then 4 per cent amid stern challenge from local rivals.

China’s EV sector doubles down on discounts and cheap financing as growth cools

Carmakers are shifting from straight price cuts to subsidised loans and feature-packed models, as China’s EV price war drags on.

Hong Kong’s IPO dominance in 2025 set to carry on into new year

The city’s exchange secures global bragging rights after 114 companies raised US$37.22 billion on the main board in 2025, according to LSEG.

China’s DRAM giant CXMT plans US$4.2 billion IPO on Shanghai’s Star Market

Listing aims to fund wafer expansion and DRAM upgrades as Beijing drives tech self-reliance.

China’s second-hand boom fuels bruising battle for trade-in traffic

Recycling platform ATRenew is scaling up as China’s young consumers shed the stigma around second-hand shopping.

Chinese robot vacuum maker Dreame gives staff gifts of gold, trip to Antarctica

Dreame’s surprise largesse reflects its robust business growth in 2025, as it remains one of the world’s top robot vacuum cleaner brands.

Hong Kong stocks fail to hold on to gains on slow trade

Sentiment swings between concerns over a weakening growth outlook and bets that Beijing will step up policy easing to prop up the economy.

Xiaomi dips on co-founder’s US$2 billion share sale plan

Co-founder and vice-chairman Lin Bin plans to offload no more than US$500 million in any 12-month period starting in December 2026.

Untapped global demand to drive next phase of robotic vacuum growth: Dreame

Europe is Dreame’s largest market for robotic vacuum cleaners, with more than half of its revenue there generated by premium products.

Xiaomi’s 17 Ultra, backed by Leica, challenges Apple’s iPhone Pro Max in imaging

The 17 Ultra’s US$998 starting price is nearly 8 per cent higher than the previous generation owing to the soaring cost of memory chips.

Hong Kong stocks rise as Wall Street rally boosts confidence in earnings growth

Investors shrug off weaker US Federal Reserve easing hopes and bet on resilient corporate profits into 2026.

China’s Xiaomi rejects claims of military ties after appeal by US lawmakers

Smartphone-to-vehicle giant says it ‘has always been and continues to be a consumer product company’.

SMIC, Pop Mart lead Hong Kong stocks higher before Christmas trading break

Hong Kong’s market will close early on Wednesday and remain shut on December 25 and 26.

China’s approval for L3 self-driving cars to stimulate slowing mainland market

Chinese carmakers could sell about 270,000 semi-autonomous vehicles next year, representing 1 per cent of the total market, Daiwa says.

Building a humanoid robot without China? Then you better bring a bigger wallet

China has issued five times the number of patents related to humanoid robots than the US, says Morgan Stanley.

Exclusive | China’s Xiaomi, Transsion slash 2026 smartphone shipments as memory crunch bites

Opinion | Innovation and exports will winnow China’s car industry in 2026