Streetbeat News

XIACF

Xiaomi Corporation

http://www.mi.com/

CEO

Jun Lei

Industry

Electronics Stores

Open

7.25

Mkt cap

169B

Volume

58K

High

7.25

P/E Ratio

35.37

52-wk high

7.45

Low

6.30

Div yield

N/A

52-wk low

1.61

Apple's Q3 smartphone sales declined slightly by 0.3% year over year, despite strong demand for the iPhone 16. Apple regained its No. 2 position in China's smartphone market with a 15.6% share. Promotions and discounts were offered in China to boost sales. Apple stock has gained 35% over the past year.

Portfolio Pulse from Anusuya Lahiri

October 25, 2024 | 4:33 pm

Ford CEO Jim Farley praised the Xiaomi SU7 EV for its performance and market success, despite Xiaomi's financial losses in its EV division. The U.S. is considering a ban on Chinese-made vehicles, which could impact Xiaomi's market presence.

Portfolio Pulse from Benzinga Neuro

October 24, 2024 | 1:30 pm

Apple's iPhone 16 sees a 20% sales surge in China, driven by demand for luxury smartphones, despite early price cuts due to lack of AI features. The sales boost is supported by China's stimulus plans and the holiday season. However, competition from domestic brands and postponed purchases for discounts pose challenges. Apple stock has gained 39% in the last six months.

Portfolio Pulse from Anusuya Lahiri

October 18, 2024 | 11:21 am

Alibaba and Baidu are investing in Horizon Robotics' $700M IPO, highlighting their confidence in the autonomous driving market. The funds will primarily support R&D. Alibaba's cloud unit is collaborating with Nvidia to enhance autonomous driving tech.

Portfolio Pulse from Anusuya Lahiri

October 16, 2024 | 3:27 pm

Apple plans to launch a budget iPhone by 2025 to regain market share lost to Huawei and Xiaomi. The new iPhone SE will feature an edge-to-edge screen and support Apple Intelligence. Analysts highlight the importance of iPhone sales to Apple's revenue. Apple is also planning updates for iPads and Macs. Despite a potential cut in iPhone production, Apple stock has risen over 30% in the past year.

Portfolio Pulse from Anusuya Lahiri

October 02, 2024 | 2:40 pm

Alibaba is investing $5.7 billion to support merchants on Taobao and Tmall during the Singles' Day shopping festival. This move follows similar strategies by Amazon and Walmart. Alibaba's stock has risen due to China's economic measures, including a rate cut.

Portfolio Pulse from Anusuya Lahiri

September 26, 2024 | 12:26 pm

Alibaba's Cainiao unit launches next-day delivery in Europe, plans global e-commerce hubs. The move is part of Alibaba's strategy to expand globally and regain market share. Alibaba's stock is down 4% over the past year but shows potential for recovery with its inclusion in the Stock Connect program.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 2:30 pm

Apple Inc. (NASDAQ:AAPL) is losing market share in China, dropping to sixth place in the smartphone market as local brands like Vivo, OPPO, HONOR, Huawei, and Xiaomi gain ground. The lack of AI integration and inventory issues are challenges for Apple, while local brands benefit from strong supply chains and AI advancements.

Portfolio Pulse from Anusuya Lahiri

September 11, 2024 | 9:37 pm

Derek Yan from KraneShares highlights China's rapid AI adoption, with major internet companies like Alibaba, Tencent, and JD.com leading the charge. U.S. investors can access these opportunities through the KraneShares Hang Seng TECH Index ETF (KTEC).

Portfolio Pulse from Surbhi Jain

September 11, 2024 | 7:16 pm

Alibaba Group Holding (NYSE:BABA) is joining China's Stock Connect program, allowing mainland investors to invest in the company. This move is expected to attract significant capital inflows, potentially up to $12 billion in six months. Alibaba's inclusion aligns it with other major Chinese tech firms like Tencent and Xiaomi.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 4:47 pm

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