(China Daily) Xiaomi Corp said the company's revenue surged 47.4 percent year-on-year to 111.3 billion yuan ($15.5 billion) in the first quarter of 2025, marking its second consecutive quarter surpassing the 100 billion yuan milestone following the fourth quarter of 2024.

Adjusted net profit reached a historic high of 10.7 billion yuan, up 64.5 percent year-over-year, exceeding the 10 billion yuan threshold for the first time.

Specifically, Xiaomi said its smartphone revenue increased 8.9 percent to 50.6 billion yuan, while the revenue of Internet of Things and Lifestyle Products soared by 58.7 percent to a record 32.3 billion yuan.

Emerging businesses, including smart electric vehicles and AI innovations, contributed 18.6 billion yuan in revenue.

(China Daily) Alibaba Cloud, the cloud computing arm of Chinese tech giant Alibaba Group, will accelerate the construction of a global cloud computing network covering Asia, including China, Japan and South Korea, Southeast Asia, the Middle East, Europe and the America, to help Chinese enterprises expand their presence in overseas markets.

(China Daily) Chinese tech heavyweight Lenovo Group Ltd said on Thursday its revenue grew 21 percent year-on-year to $69.1 billion for the fiscal year of 2024-2025, which ended on March 31, marking Lenovo's second-highest annual revenue in its history.

Net income was up 36 percent year-on-year to $1.4 billion on a non-Hong Kong Financial Reporting Standards basis.

Lenovo diversified growth engines continue to accelerate, with non-PC revenue mix up nearly five points year-on-year to 47 percent.

(China Daily) Huawei Technologies Co has built a robust ecosystem around its Ascend chips for AI computing and its server chips Kunpeng, despite the US government's restrictions.

Zhou Jun, head of ICT marketing department at Huawei, said in a recent speech in Beijing that the company has attracted over 6.65 million third-party developers and more than 8,800 partners globally as of May 2025 for its Ascend and Kunpeng chips ecosystem, with more than 23,900 industry solutions certified.

(Xinhua) The Ministry of Commerce said that it held a meeting on Tuesday to discuss deepened cooperation in the semiconductor sector between China and Europe.

Attendees included officials from central government departments, representatives from the China Semiconductor Industry Association and the European Union Chamber of Commerce in China, as well as over 40 semiconductor enterprises from both sides.

(China Daily) Chinese self-driving company Pony.ai announced on Tuesday that it has inked strategic partnerships with the Roads and Transport Authority of Dubai, the United Arab Emirates, to deploy its advanced robotaxi fleet in the region, as part of its broader push to extend global presence.

(China Daily) Xiaomi Corp said on Thursday it will invest 200 billion yuan ($27.8 billion) in research and development from 2026 to 2030, as the Chinese company aims to beef up its technological prowess in crucial technologies, including semiconductors and automobiles.

The plan was unveiled at the company's 15th-anniversary product launch event in Beijing on Thursday, where its first SUV, the YU7, was debuted.

(China Daily) Chinese new energy vehicle company Xpeng Motors debuted its highly anticipated MONA M03 Max model, bringing premium artificial-intelligence-powered driving to the affordable electric vehicle market.

(China Daily) The head of Chinese new energy vehicle maker Li Auto has urged the automotive industry to rethink how artificial intelligence is deployed, arguing that AI will only drive real meaningful progress once it becomes a capable productivity engine rather than a glorified assistant.

"AI is improving fast, but my working hours haven't shortened," said CEO Li Xiang in a rare interview last week.

(China Daily) Uber has deepened its ties with China's leading autonomous driving companies as the US-based ride-hailing giant prepares to deploy robotaxi services across international markets.

Analysts said the move underscores how Chinese firms are emerging as key players in the race to commercialize driverless mobility on a global scale.
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