XIAOMI CORP-CLASS B - CybAI news

16 Aug

Geely, Xpeng, Xiaomi Boosted by Strong Vehicle Sales Amid Threats From EU Tariffs

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Chinese automakers including Xpeng Inc., Geely Automobile Holdings Ltd. and Xiaomi Corp. should all report higher vehicle sales, though challenges remain as competition heats up and the European Union moves ahead with tariffs.The EU is hiking tariffs on EVs made in China by as much as 48%, citing subsidies that harm the bloc’s carmakers that have been struggling to keep up with China’s new generation of green car manufacturers. Chinese EV makers including Geely are responding by working with European partners to bypass tariffs. Source link lol

08 Aug

Xiaomi-Backed AI Chipmaker Black Sesame Falls in Hong Kong Debut as AI Frenzy Wanes

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Shares of artificial intelligence chipmaker Black Sesame International Holding Ltd. tumbled as much as 35% on their debut, dealing a blow to Hong Kong’s efforts to lure more technology listings. The Xiaomi Corp.-backed company’s shares fell to as low as HK$18.28 Thursday in the Hong Kong Stock Exchange and closed the day 27% lower. They had been priced at HK$28, the bottom of the marketed range in an initial public offering that raised HK$1.04 billion ($133 million). Source link lol

07 Aug

Sony Raises Outlook After Music, Software Help Earnings Beat

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Sony Group Corp. raised its forecast for revenue and profit in the fiscal year to March after a successful quarter for its music and gaming software divisions.The Japanese entertainment giant said its operating profit during the three months ended June was ¥279.1 billion ($1.9 billion), beating the consensus estimate of ¥273.9 billion and the year-earlier profit of ¥253 billion. Sales for the fiscal year are now expected to come in at ¥12.6 trillion, with ¥1.3 trillion yen in operating profit, both slightly raised. Source link lol

06 Aug

Xiaomi-Backed AI Chipmaker Black Sesame Prices Hong Kong IPO at Bottom of Range

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Black Sesame International Holding Ltd. has priced its Hong Kong initial public offering at the low end of the marketed range, people with knowledge of the situation said, as the recent global selloff in stocks piles extra pressure on new share issues. Black Sesame, which designs chips for autonomous driving systems and is backed by Xiaomi Corp., was offering 37 million shares at HK$28 to HK$30.30 each. At HK$28 per share, the IPO raised HK$1.04 billion ($133 million), still making it one of the biggest in Hong Kong this year. Source link lol