News | Latest Breaking News Stories & Headlines

Xiaomi starts delivering the first of 100,000 EVs ordered

Chinese smartphone maker Xiaomi said today it has received more than 100,000 orders for its first car - a sporty electric vehicle called the SU7 -as it began deliveries.

Business • 03 Apr 24

Xiaomi to start deliveries of first electric vehicle

China's Xiaomi said it will start deliveries of its first electric vehicle (EV) model SU7 this month, venturing into the world's largest auto market amid a brutal price war.

Business • 12 Mar 24

Apple had a 20% share of the smartphone market in 2023, new figures show today

Apple overtakes Samsung as top seller of smartphones

Apple has ended Samsung Electronics' 12-year run as the largest seller of smartphones in the world, after commanding a 20% share of the market in 2023, according to data from International Data Corp.

Business • 17 Jan 24

Xiaomi is aiming to become one of the world's top five automakers

China's Xiaomi unveils its first electric car

Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle today and promptly announced it was aiming to become one of the world's top five automakers.

Business • 28 Dec 23

Half of Samsung's smartphones are now made in Vietnam

Samsung set to benefit from virus woes hitting rivals

Samsung Electronics stands to be a major beneficiary of the China production problems announced by rival Apple, reaping the rewards of a decade-long bet on low-cost smartphone manufacturing in Vietnam.

Business • 18 Feb 20

Xiaomi saw a disappointing valuation of $54 billion, well below its ambitious $100 billion target

Shares in China's Xiaomi fall on Hong Kong debut

Shares of Chinese smartphone giant Xiaomi fell almost 6% in its trading debut in Hong Kong today, a long-awaited IPO overshadowed by the start of a US-China trade war and weak investor sentiment.

Business • 09 Jul 18

Microsoft announces rare deal for its patents with China's Xiaomi

Microsoft sells patents to China's Xiaomi

Software maker Microsoft is selling about 1,500 of its patents to Chinese device maker Xiaomi, a rare departure for the US company and part of what the two companies say is the start of a long-term partnership.

Business • 01 Jun 16

The Mi 5 will compete against Samsung's Galaxy S7 and the iPhone 6S

Xiaomi unveils flagship Mi 5 smartphone

China's Xiaomi has unveiled its flagship Mi 5 smartphone, combining the latest components and an innovative ceramic design with a price at just over $400 that significantly undercuts rivals.

Business • 24 Feb 16

Xiaom is facing stiff competition from more established firms such as Lenovo and Huawei in China

China's Xiaomi misses 2015 handset shipment target

Smartphone maker Xiaomi said it had shipped over 70 million handsets in 2015, undershooting its own target and casting doubts about the growth prospects of China's most valuable tech startup.

Business • 15 Jan 16

Talks were held with Facebook CEO Mark Zuckerberg visited China in October

Facebook, Xiaomi held talks on investments

Mark Zuckerberg and Xiaomi CEO Lei Jun discussed a potential investment by Facebook in China's top smartphone maker ahead of its $1.1 billion fundraising last month.

Business • 13 Jan 15

Xiaomi has risen in just three years to become the world's third biggest smartphone maker

China's Xiaomi raises $1.1 billion from investors

China's Xiaomi has raised $1.1 billion in a round of funding that cements its status as one of the world's most valuable private technology companies at a valuation of $45 billion.

Business • 30 Dec 14

Companies like Xiaomi and Oppo could be set to become more dominant in emerging markets with their low cost smartphone handsets

Ultra-low cost smartphones big in emerging markets

A growing number of consumers in emerging markets are buying cheaper smartphones, new research from technology analysis firm Juniper suggests.

Business • 02 Oct 13

Xiaomi