Xiaomi and Zhangjiang Hi-Tech have entered the scene as the RMB 1 billion Shanghai Liheshuanxin AI Industry Fund completes its business registration amendment.

① The fund has a target size of approximately RMB 1 billion. The fund manager is Lihe Zhongke Private Equity Fund Management (Shenzhen) Co., Ltd., and other major investors include Shanghai Guotou XianDao Artificial Intelligence Private Investment Fund Partnership (Limited Partnership), among others. ② The fund will primarily invest in artificial intelligence-related sectors and aims to advance the development of Pudong’s artificial intelligence industry ecosystem through an integrated approach of 'recruitment, investment, and incubation.'

cls.cn18:17

Express News | Xiaomi MiMo-V2.5-Pro UltraSpeed Mode Now Open for a Limited Time

Breakings16:59

Kingsoft Corporation's share price rose as Xiaomi Group publicly increased its stake in Kingsoft, raising its ownership to 5.39%.

Kingsoft Corporation (03888.HK) rose more than 10% in the afternoon session. As of the time of writing, it was up 9.92% at HK$24.38, with a trading volume of HK$640 million.

Zhitong Finance14:01

AI is diverting memory production capacity, causing automotive chip prices to surge by 180%, prompting Chinese new energy vehicle makers to raise prices collectively.

Amid dual pressures—AI computing demand crowding out memory production capacity and rising automotive intelligence driving up demand—prices of automotive-grade memory chips have surged by approximately 180% in three months. Rapid upstream cost pass-through to the end market has already prompted more than ten Chinese new energy vehicle manufacturers to raise prices or reduce discounts, with increases ranging from RMB 2,000 to RMB 6,000.

wallstreetcn00:16

Kingsoft Corporation gained strength in afternoon trading after Xiaomi Group publicly increased its stake, raising its ownership to 5.39%.

Kingsoft Corporation (03888.HK) rose more than 10% in the afternoon session. As of the time of writing, it was up 9.92% at HK$24.38, with a trading volume of HK$640 million.

Zhitong Finance13:53

TrendForce: Global smartphone production totaled approximately 284 million units in Q1; output in Q2 may decline significantly.

Looking ahead to the full year of 2026, TrendForce Consulting forecasts that global smartphone production will decline to 1.051 billion units, representing an annual decrease of approximately 16.2%.

Zhitong Finance13:41