China NEV Retail at 314,000 in Jun 1-16, Down 4% From Same Period Last Month
China's retail penetration of NEVs was 49.52 percent for June 1-16, and 40.99 percent year-to-date. The post China NEV retail at 314,000 in Jun 1-16, down 4% from same period last month appeared first on CnEVPost. For more articles, please visit CnEVPost.
Hong Kong Shares Rebound 2.9% Amid Positive Sentiment
Hong Kong's Hang Seng Index extended early gains to close 2.9% higher at 18430.39. There could be some optimism among investors that more may be done by the Chinese authorities in 2H, IG market strate
Market Chatter: Xiaomi Sacks LatAm, Europe Managers for Alleged Bribery, Deal Forgery
Xiaomi (HKG:1810) terminated its general managers for the Western Europe and Latin American divisions due to allegations of deal fabrication and bribery, Yicai Global reported Monday. The electronics
IDC: In the first quarter, global Asia vets camera shipments were 31.53 million units, a year-on-year increase of 10.3%.
According to a report recently released by IDC, the global smart camera market, including consumer indoor and outdoor cameras and operator channels, shipped 31.53 million units in the first quarter, a year-on-year increase of 10.3%. In terms of shipment areas, the US market accounted for 41.4% of global shipments with 13.06 million units, followed by China with 11.38 million units, accounting for 36.1% of the global market. The smart camera market accelerated its recovery in the first quarter due to product upgrades, coupled with the increase in demand for caretaking brought by the recovery of post-epidemic travel frequencies. Hangzhou Hikvision Digital Technology is the global market leader (00241.
Taotian released 618 battle report: 365 brands have transaction volume exceeding 100 million yuan.
Sina Technology News, June 19, at noon, Taotian released the 618 battle report. As of 24:00 on June 18, 365 brands on Tmall 618 broke 100 million yuan in transactions, and over 36,000 brands doubled their transactions. The number of new 88VIP members increased by 65% year-on-year, and the membership scale reached a historical new high. Among the 365 brands that broke 100 million yuan, Apple, Midea, Haier, Xiaomi, Maotai, Wuliangye Yibin, Huawei, Gree, Nike, and Genki Mokuyu and other brands firmly occupy the "one billion club" of Tmall 618, and Tmall has always been the strongest main battlefield for global brand transactions. Institutional data shows that 618 Tmall beauty, 3C digital, home appliances.
Goldman Sachs: Rated Xiaomi-W (01810) as "buy" with a target price of HKD 23.
Goldman Sachs predicts that in the second quarter of 2024, Xiaomi Group-W(01810)'s revenue from China's intelligent phones and internet of things will increase by 9% annually and 13% quarterly.
Hong Kong stocks unusual movement | Xiaomi Group-W (01810) rose more than 3%, 618 total channel cumulative payment amount refreshed records. The company enters the battery manufacturing field.
Xiaomi Group-W (01810) rose by over 3%. As of press time, it increased by 3.34% to HKD 17.96 with a turnover of HKD 765 million.
Xiaomi Group spends HKD 29.616 million on June 18th to repurchase 1.7 million shares.
Xiaomi Group-W (01810) announced that the company spent 29.616 million Hong Kong dollars to repurchase 1.7 million shares of its stock on June 18, 2024, with a repurchase price of 17.38-17.44 Hong Kong dollars per share.
Xiaomi Group-W (01810.HK) spent HKD 29.62 million on June 18th to repurchase 1.7 million shares.
On June 18th, Xiaomi Group-W (01810.HK) announced the repurchase of 1.7 million shares for HKD 29.62 million.
Express News | Xiaomi Bought Back 1.4 Mln Class B Shares for HK$29.6 Mln on June 18 - HKEX Filing
IDC: The shipment volume of wearable devices in China in the first quarter was 33.67 million units, an increase of 36.2% year-on-year.
According to the latest quarterly tracking report on the Chinese wearable device market released by IDC, the shipment volume of the Chinese wearable device market in the first quarter of 2024 was 33.67 million units, an increase of 36.2% year-on-year. With the increase in sales volume, the market's shipment pace has clearly accelerated.
Express News | Xiaomi Bought Back 2.8 Mln Class B Shares for HK$48.5 Mln on June 14 - HKEX Filing
On June 14th, Xiaomi Group-W (01810.HK) spent HKD 48.52 million to repurchase 2.8 million shares.
On June 14th, Xiaomi Group-W (01810.HK) announced the repurchase of 2.8 million shares for HKD 48.52 million.
NEV Sales Growth Ahead for China: CAAM
The latest industry data have pointed to a continued rapid growth trend in the production and sales of new energy vehicles in China for May.
Jibang Consulting: The production of smart phones in the first quarter showed a year-on-year increase. It is estimated that it will decrease by 5-10% in the second quarter.
Despite the first-quarter smart phone production volume being lower than the level of over 300 million units before the pandemic, there is still a seemingly good annual growth rate of 18.7%, with a total shipment volume of 296 million units.
Xiaomi EV Says SU7 Deliveries Have Exceeded 20,000 Units
Xiaomi EV has re-emphasized that it will surpass 10,000 units delivered in a single month in June. The post Xiaomi EV says SU7 deliveries have exceeded 20,000 units appeared first on CnEVPost. For more articles, please visit CnEVPost.
Canalys: Apple (AAPL.US) maintained its leading position in the global device ecosystem market in the first quarter, accounting for 36% of global smart device revenue.
In the first quarter of 2024, the Asia vets equipment ecosystem manufacturer pattern.
Barclays Initiates on Xiaomi With Overweight, Sees Attractive Valuation and Potential From GenAI
Barclays on Thursday initiated its coverage on Chinese consumer electronics maker Xiaomi (OTCPK:XIACY) with an Overweight rating and a price target of $15, citing an "attractive" valuation and potential from GenAI to aid further growth.
Express News | Xiaomi Bought Back 1.5 Mln Class B Shares for HK$26.4 Mln on June 13 - HKEX Filing
Xiaomi Group -W(01810) spent HKD 26.369 million to repurchase 1.5 million shares on June 13th.
Xiaomi Group-W (01810) announced the repurchase of 15... on June 13, 2024 at a cost of HKD 26.369 million.
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