A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ...

Last year, Xiaomi released its first electric car, the SU7 sedan, priced $4,000 lower than Tesla's Model 3 at the time. Tesla subsequently reduced Model 3 price to 235,500 yuan as of May 26 ...

Chinese technology giant Xiaomi will invest at least 50 billion yuan ($6.9 billion) over the next 10 years to develop its own chips, CEO Lei Jun said in a Weibo post on Monday. Stream NBC 5 for ...

Xiaomi’s adjusted net profit rose 65% to 10.7 billion yuan ($1.5 billion) in the first three months of the year, compared with the same period in 2024, the company said on May 27. Revenue rose ...

HONG KONG — Xiao Jianhua, the Chinese Canadian billionaire and onetime trusted financier to China’s ruling elite, was sentenced to 13 years in prison on Friday, and his company fined $8 ...

China's Xiaomi to start selling YU7 in July, a rival to Tesla's Model Y. By Qiaoyi Li, Che Pan and Brenda Goh. May 22, 2025 3:45 PM UTC Updated May 22, 2025 ... ($1 = 7.2036 Chinese yuan renminbi) ...

The new Xiaomi 15S Pro starts at 5,499 yuan ($764) — making it eligible for a state-subsidized discount — and is significantly cheaper than Apple models containing the company's most advanced ...

China's Xiaomi is taking aim at Tesla's ... Model 3 price to 235,500 yuan as of May 26 — although it is still more expensive than the SU7 sedan at 215,900 yuan. Xiaomi delivered more ...

BEIJING — China's Xiaomi, known for its smartphones, only recently entered the electric-vehicle space. It is now taking aim at Tesla's bestselling car in China. Less than a year after launching ...

That price range pits the YU7 against Tesla's Model Y, which starts at 263,500 yuan in China. Xiaomi plans to announce the YU7's price at the car's official launch in July. Money Report.