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(OP: XIACF )

3.500 +0.065 (+1.89%)
Streaming Delayed Price Updated: 3:49 PM EDT, Nov 1, 2024 Add to My Watchlist
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Apple's Q3 Smartphone Sales Slip Despite Strong iPhone 16 Demand, Market Share Dropped Slightly
Apple Inc's smartphone sales declined 0.3% year over year in Q3, but regained No. 2 spot in China. Huawei and Xiaomi also saw gains. Apple met with China's IT minister. 
Via Benzinga
Ford CEO Jim Farley Raves About His 6-Month Experience With Xiaomi EV SU7
The admiration from Farley comes at a time when the U.S. is considering a ban on Chinese-made vehicles. 
Via Benzinga
Apple iPhone 16 Sees 20% Sales Surge in China, But AI Absence Prompts Early Price Cuts
Apple's iPhone 16 sales soar 20% in China debut, boosted by stimulus plans and premium models. Challenges from domestic competition and AI delay. 
Via Benzinga
Topics Artificial Intelligence
Exposures Artificial Intelligence
Alibaba And Baidu Bet Big On Autonomous Driving, Back $700M Horizon Robotics IPO
Alibaba and Baidu invest in Chinese smart driving tech company's IPO to raise $700 million on Hong Kong Stock Exchange. Top banks advising, 30% shares bought before IPO.Alibaba & Baidu invest in... 
Via Benzinga
Topics Initial Public Offering
Exposures Securities Market
Apple To Launch Budget iPhone in 2025, Aims for Market Share Gains from Huawei and Xiaomi
Apple to launch budget smartphone by 2025 to regain market share, new models include iPhone SE V59, iPad Air J607/J637, and iPad mini J410. 
Via Benzinga
Alibaba Follows Amazon And Walmart, Pours $5.7B Into Holiday Sales Push
Alibaba commits $5.7 billion to help merchants during Singles' Day; introduces measures to reduce costs; stock up 11% in past year. 
Via Benzinga
Alibaba Launches Cainiao Next-Day Delivery In Europe, Plans Global E-Commerce Hubs
Cainiao Smart Logistics Network, a unit of Alibaba Group, has launched next-day delivery services in Europe for €2 and plans to develop global e-commerce hubs. 
Via Benzinga
China Is Eating Apple's Lunch: Where Smartphone Maker Ranks Vs Asian Competitors
Apple's market share in China drops to 6th place as local players dominate. Huawei launching $2,800 Mate XT coincides with iPhone 16 release. 
Via Benzinga
EXCLUSIVE: AI In China — The Sleeping Giant Awakens? KraneShares Strategist Says We Should Be Paying Attention
China's internet giants are taking the lead in AI with access to vast data and quick adoption. ETFs like KTEC offer U.S. investors exposure to this growth potential. 
Via Benzinga
Topics Artificial Intelligence ETFs
Exposures Artificial Intelligence
Alibaba Joins China's Stock Connect, Eyes Billions In Investment Boost
Alibaba (BABA) to join China's Stock Connect program, allowing mainland investors to access shares. Expected to attract $12B in funds within 6 months. 
Via Benzinga
India Overtakes US As Second-Largest Global 5G Smartphone Market
This story was originally published on the Benzinga India portal. 
Via Benzinga
Xiaomi Hits EV Milestone With 27K SU7 Sales In Q2, Sets Sights On 120K Deliveries Next Year
China's latest EV entrant Xiaomi said on Wednesday that it delivered over 27,000 electric vehicles in the three months through June in China. 
Via Benzinga
Apple's Margins Hit Near Decade-Low In China Due To Discounting, Weaker Yuan, Says Analyst: Competitive Pressure Or Management's Deliberate Plan?
Apple's Q3 report showed that China was the worst-performing geography and given the country's importance, this data should worry investors. 
Via Benzinga
Will Apple Lay The Case For Easing Into AI Superhighway? Analysts Expect iPhone Maker's Q3 Results To Signal Inflection In Topline Growth
Apple is considered a bellwether as its earnings report is considered a proxy for economic health, given the cues it offers regarding consumer spending. 
Via Benzinga
Topics Artificial Intelligence
Exposures Artificial Intelligence
Xiaomi Seeks Major EV Expansion, Acquires Land For $116M
Xiaomi buys land in Beijing for $116 million to expand EV production, aiming to meet 2024 sales goal of 100,000 cars. Chinese EV stocks trading lower. 
Via Benzinga
Electric Vehicles Are Bleeding Insurers Money In This Key Market For Tesla And Other Auto Giants: Here's Why
The rapid increase in the number of new energy vehicles in China has led to a financial conundrum for the country's insurers. The insurers are finding it challenging to make a profit from insuring... 
Via Benzinga
Xiaomi Revs Up Electric Vehicle Gambit
Key Takeaways: Xiaomi received regulatory clearance to mass produce electric vehicles independently, a crucial move as it seeks to ramp up its high-stakes EV drive The smartphone maker’s big EV... 
Via Benzinga
Topics Electric Vehicles
Exposures Electric Vehicles
Apple Rides On Heavy Discounts And Promise Of AI To Stabilize iPhone Shipments, But It's Still Losing Out To Chinese Rivals
In the second quarter of 2024, both Apple Inc. and Samsung Electronics Co experienced a rise in smartphone shipments. However, the two tech giants saw a decrease in their overall market shares due to... 
Via Benzinga
Topics Artificial Intelligence
Exposures Artificial Intelligence
Xiaomi Showcases SU7 Electric Sedan In India But Clarifies Sales Focus Only On China For 3 Years
Xiaomi showcased its SU7 electric sedan in India to celebrate its 10th anniversary, but won't launch it there. It aims to deliver 120k units in China. 
Via Benzinga
Xiaomi EV Boosts Production To Cut Xiaomi SU7 Waiting Times; Targets Over 100,000 Deliveries In 2024
Xiaomi EV, the car-making unit of Xiaomi Corp., has reportedly informed potential customers and existing order holders that it is enhancing production capacity to reduce waiting times for the Xiaomi... 
Via Benzinga
How Are BYD, Xiaomi And Nio Boosting Car Sales?
Chinese automakers, like BYD Co and Xiaomi Corp, are using livestreaming to attract younger buyers and showcase their technology and performance, following in Tesla's footsteps. This approach is... 
Via Benzinga
Weak China Car Market Puts Brakes On Cheche's Growth
Key Takeaways: Cheche’s net revenue rose 1% year-on-year in the first quarter, lagging growth rates for the value and number of transactions on its platform The results indicate both insurance... 
Via Benzinga
Alibaba's 618 Shopping Festival Boosts Sales with Big Brands Like Apple, Xiaomi Leading the Way
Alibaba's 618 shopping festival saw strong momentum with over 185 brands achieving high sales and support for their goal of double-digit revenue growth. 
Via Benzinga
Xiaomi's Q1 Revenue Soars 27% As Global Smartphone Shipments Surge, Eyes Ambitious EV Goals
Xiaomi reported a 27% revenue increase for Q1 2024, reaching RMB75.51 billion. The company's global smartphone shipments rose 33.7% to 40.6 million units, while IoT devices on Xiaomi's AIoT platform... 
Via Benzinga
Another Sanction Failure: The US Blacklisted Xiaomi Three Years Ago Now It Makes EVs
Just three years ago, the Chinese company Xiaomi decided to build cars. It succeeded where Apple failed. 
Via Talk Markets
EV Market Set For 20-23% Growth, Led By China-Based Companies Like Nio, XPeng, Li Auto: JPMorgan
J.P. Morgan's recent Battery Series provided insights on the industry's future, with 20-23% YoY growth projected for global EV sales in 2024. China leads, while US and Europe have muted expectations.... 
Via Benzinga
Tesla Faces Stiff Price Competition In China From Latest Entrants Nio's Onvo L60 And Xiaomi SU7
China's latest EV entrants are looking to take on Tesla Inc's market share within the country, with vehicles priced competitively against the American EV giant's best-selling EVs in the country. 
Via Benzinga
Chinese EV Greenhorn Xiaomi Has Already Delivered Its 10,000th EV Within 2 Months Of Launch
The SU7 was officially launched on March 28, with deliveries of the Founders Edition commencing on April 3. 
Via Benzinga
Retire Before 50: 7 Must-Own Stocks for Accelerated Wealth Building
Seeking stocks for early retirement? These seven could deliver outsized returns to help you retire before 50. 
Via InvestorPlace
Where Will Apple Stock Be in 1 Year?
The tech titan is still struggling to expand its core businesses. 
Via The Motley Fool
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