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Xiaomi Corp

China’s Xiaomi wins state planner nod to make EVs amid glut in autos

HONG KONG: Xiaomi Corp has won the approval of China’s state planner to manufacture electric vehicles (EVs), said...

Published 23 Aug, 2023 11:44am

Business & Finance

Xiaomi’s revenue slides

SHANGHAI: Chinese smartphone maker Xiaomi Corp on Friday reported a record drop in fourth-quarter revenue as the...

Published 27 Mar, 2023 06:15am

Technology

Smartphone maker Xiaomi to slash 10% of jobs amid China’s COVID battle

China’s Xiaomi Corp has started laying off workers in its smartphone and internet services business, joining a long...

Published 20 Dec, 2022 03:12pm

World

India court declines relief to Xiaomi over $676mn asset freeze

BENGALURU: An Indian court on Thursday declined to lift a freeze on Xiaomi Corp’s $676 million worth of assets, even...

Published 06 Oct, 2022 07:10pm

Technology

Xiaomi in talks with BAIC to produce electric cars

Smartphone maker Xiaomi Corp is eyeing an electric vehicle (EV) production tie-up with Beijing Automotive Group Co...

Published 26 Aug, 2022 01:54pm

World

India blocks 119 accounts linked to China’s Vivo in money laundering probe

NEW DELHI: India’s financial crime agency said on Thursday it has blocked 119 bank accounts linked to Vivo’s India...

Published 07 Jul, 2022 06:59pm

World

US, Chinese foreign ministers to meet at G-20 this week

WASHINGTON: US Secretary of State Antony Blinken will meet Chinese Foreign Minister Wang Yi alongside the G20...

Published 05 Jul, 2022 05:30pm

World

Indian financial crime agency raids Chinese-owned Vivo

MUMBAI: India’s financial crime-fighting agency on Tuesday raided the offices of smartphone maker Vivo, owned by...

Published 05 Jul, 2022 05:21pm

Technology

Xiaomi’s Q1 revenue falls 4.6% due to COVID, supply chain disruptions

SHENZHEN: Chinese smartphone maker Xiaomi Corp reported a fall in first-quarter revenue as COVID-19 controls and...

Published 19 May, 2022 03:25pm

Markets

India tax authority froze $478 million of Xiaomi funds in February: sources, document

NEW DELHI: Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China's Xiaomi...

Updated 12 May, 2022 06:52pm

Technology

China’s Xiaomi battles probes in key India market

NEW DELHI: Chinese smartphone giant Xiaomi Corp faces legal headaches in India as a federal financial crime-fighting...

Published 12 May, 2022 11:53am

Opinion

‘New India’

That India under the BJP/RSS combine has completely changed is a fact. It has changed for the worst. While India...

Published 10 May, 2022 05:10am

World

Stop ‘regulatory assault’ on Chinese firms, Global Times tells India

NEW DELHI: India should stop its “regulatory assault” on Chinese companies, state-backed Chinese newspaper ...

Published 10 May, 2022 05:10am

Xiaomi accuses Indian agency of ‘physical violence’ threats during probe

NEW DELHI: Chinese smartphone maker Xiaomi Corp has alleged its top executives faced threats of “physical...

Updated 08 May, 2022 09:04am

Markets

India seizes $725 million in Xiaomi assets over illegal remittances

NEW DELHI: India said on Saturday it had seized $725 million from the local bank accounts of China's Xiaomi Corp...

Published 30 Apr, 2022 04:54pm

Markets

Xiaomi beats estimates with 21.4% rise in Q4 revenue

SHANGHAI: Chinese smartphone maker Xiaomi Corp on Tuesday reported a bigger-than-expected 21.4% rise in...

Published 22 Mar, 2022 07:17pm

Markets

India asks Xiaomi to pay $88mn in import taxes it found it evaded

NEW DELHI: India on Wednesday said it had asked the local unit of Chinese smartphone giant Xiaomi to pay 6.53 ...

Published 05 Jan, 2022 07:50pm

Business & Finance

Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles

SHANGHAI: Chinese smartphone giant Xiaomi Corp will build a plant that can produce 300,000 vehicles annually in...

Published 29 Nov, 2021 06:03am

Markets

Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles

SHANGHAI: Chinese smartphone giant Xiaomi Corp will build a plant that can produce 300,000 vehicles annually in...

Published 27 Nov, 2021 02:13pm

World

German IT security watchdog examines Xiaomi mobile phone

Xiaomi says it is engaging a third-party expert to assess the allegations by Lithuania that its smartphones carry built-in censorship capabilities

Published 29 Sep, 2021 06:41pm

Technology

China's Xiaomi is engaging 3rd-party expert to assess Lithuania censorship claims

SHANGHAI: Chinese smartphone maker Xiaomi Corp said on Monday it is engaging a third-party expert to assess claims...

Published 27 Sep, 2021 11:41am

Business & Finance

China tells Alibaba, Tencent to open platforms up to each other

SHANGHAI: China's industry ministry has told technology companies including Alibaba Group Ltd and Tencent Holdings...

Published 12 Sep, 2021 03:55am

Business & Finance

Xiaomi revenue surges 55pc in Q1, fills market gap left by Huawei

Revenue rose to 76.88 billion yuan ($12 billion) in the quarter ended March 31, from 49.70 billion yuan a year earlier. Analysts expected revenue of 74.5 billion yen, according to Refinitiv data.
Adjusted net profit rose to 6.1 billion yuan, versus market estimates of 3.97 billion yuan.

Published 26 May, 2021 08:42pm

Technology

Xiaomi surpasses Apple in Europe due to Impressive Growth

Xiaomi has surpassed Apple in terms of market share in Europe.
Xiaomi now accounts for 23 percent share of the European region as compared to Apple's 19 percent and witnessed impressive 85 percent year-on-year growth in Europe as compared to Apple's 22 percent.

Updated 08 May, 2021 05:37pm

Business & Finance

Chinese smartphone maker Xiaomi to invest $10bn in new EV unit over 10 years

At a livestreamed event held on Tuesday, Xiaomi CEO Lei Jun, who will also head the smart EV unit, said the division will be the "last major entrepreneurial project" in his life.
The firm will initially invest 10 billion yuan ($1.52 billion) in the unit, with a total investment goal of $10 billion over the next ten years, it said in a filing published earlier on the Hong Kong stock exchange.

Published 30 Mar, 2021 08:41pm

Business & Finance

Chinese smartphone maker Xiaomi to make EVs using Great Wall's plant

Xiaomi becomes latest tech firm to join smart mobility race.
To aim its EVs at mass market – sources.
To launch its first EV around 2023 – source.
Great Wall's engineering consultancy to speed project – source.
Great Wall says has not discussed such a partnership with Xiaomi.

Published 26 Mar, 2021 05:23pm

Markets

Asian stocks trip on China tech woes, some cyclical shares bought

"We know that the economy is primed to begin to really accelerate in the second quarter," Kelly said. "But we haven't seen that acceleration yet so that's what we're waiting for."

Published 25 Mar, 2021 11:57am

Technology

China's smartphone shipments rebound to pre-pandemic levels in January

Huawei's shipments to China fell 44% year-on-year in the fourth quarter of last year, according to data from research firm Canalys.

Published 09 Feb, 2021 11:31am

Business & Finance

Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders

. Instead Huawei Technologies’ Ren Zhengfei, Xiaomi Corp’s Lei Jun and BYD’s Wang Chuanfu were lauded for their contributions.

Published 02 Feb, 2021 10:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	278.55
USD PKR Interbank Buying / Jan 1	278.25
USD to Japanese Yen / Jan 1	153.63
USD to Swiss Franc / Jan 1	0.89
Pound Sterling to USD / Jan 1	1.27

Stock	Volume
India Sensex / Jan 1	80,231.76
Tokyo Nikkei / Jan 1	39,081.71
Hang Seng / Jan 1	19,857.31
FTSE 100 / Jan 1	8,222.99
Germany DAX 30 / Jan 1	20,267.35

Item	Value
Petrol/Litre / Jan 1	252.10
Crude Oil USD/Barrel / Jan 1	70.43
Karachi Cotton PKR/37.32 KG / Jan 1	17,585
Gold Spot USD/Ounce / Jan 1	2,644.54
Diesel/Litre / Jan 1	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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