Latest News and Trends

Xiaomi, BYD secure billions for EV global push

On March 25, 2025, Xiaomi Group made waves in the market with its announcement of an 800 million new share offering, aiming to raise a substantial HKD42.5 billion (US$5.47 billion). The news immediately sparked widespread discussion, as analysts speculate that the funds will be directed toward bolstering the company’s initiatives in artificial intelligence (AI) and electric vehicles (EVs), underscoring its long-term strategic ambitions.