Xiaomi and Meituan Announce Major Job Cuts
Xiaomi and Meituan cut thousands of jobs amid profit declines, price wars, and AI-driven restructuring in China's tech sector.
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Xiaomi and Meituan cut thousands of jobs amid profit declines, price wars, and AI-driven restructuring in China's tech sector.
Xiaomi cuts jobs across divisions amid a 56.5% profit plunge, as the Chinese tech giant restructures to cut costs while betting billions on AI.
A Xiaomi SU7 Ultra caught fire on a bridge in Nanchang with no collision. Xiaomi says battery data shows no thermal runaway; investigation ongoing.
Xiaomi cuts MiMo-V2.5 API prices by up to 99% to match DeepSeek, reigniting China's AI price war amid weak Q1 earnings and rising global AI costs.
Xiaomi launches YU7 GT with 1,003 HP and a Nürburgring record, plus a Standard Edition undercutting Tesla Model Y by $4,350 in China's EV market.
Xiaomi launches the YU7 GT, a 1,003-horsepower performance SUV starting at $57,310, as the tech giant deepens its EV push amid smartphone decline.