Xiaomi founder Lei Jun introduces the SU7 Ultra during a launch event held in Beijing, China, Thursday, Feb. 27, 2025. (AP Photo/Ng Han Guan)

Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing.

Some of China's prominent business leaders, including the heads of carmakers BYD and Xiaomi , said they would resist external pressure and keep innovating, following a rare meeting between President Xi Jinping and the private sector.

Ren Zhengfei from Huawei, Lei Jun from Xiaomi and Wang Xinxing from Unitree all gave speeches at the high-profile meeting.

President Xi Jinping presided over a meeting with Alibaba co-founder Jack Ma and other Chinese business leaders, signaling his support for private companies after years of turmoil. The gathering included the heads of Xiaomi and Meituan,

Xiaomi, the world's third-largest smartphone maker, launched its new flagship smartphone Xiaomi 15 Ultra on Thursday, with the base model starting at 6,499 yuan ($894.19).The handset is equipped with a 1-inch ultra-large main camera sensor,

Chinese electric vehicle maker Xiaomi on Thursday priced its luxury electric sedan, the SU7 Ultra, at 529,900 yuan ($72,931.72).The final price of the car announced by founder Lei Jun at is much lower than the initial sticker price of 814,

China's Xiaomi on Thursday slashed its initial sticker price for its luxury electric sedan SU7 Ultra by over a third to 529,900 yuan ($72,931.72), mounting a bigger challenge to the likes of Tesla and Porsche in the world's largest auto market.

Beijing North Star Group and XIAOMI-W (01810.HK) sealed a strategic cooperation framework agreement at the China National Conference Center, paving the way for collaboration in integrating exhibition technology and organizing commercial ecosystem events.

Xiaomi Corp on Thursday unveiled the official pricing for its high-performance electric car, the SU7 Ultra, starting at 529,900 yuan ($73,000), after the Chinese technology company made a splash in the crowded car market last year.

On February 27, 2025, Xiaomi held a new product launch event in Beijing, officially putting the mass-produced unit of the Xiaomi SU7 Ultra model onto the market with a starting price of 529,900 yuan.

Beijing-based Xiaomi launched its first car, the SU7, almost a year ago — just three years after announcing the move. Its debut came just weeks after Apple abandoned its yearslong attempt to ...