Xiaomi's SU7 EV launching on Thursday
Xiaomi Corp.’s $8 billion stock rally faces a key test when the Chinese smartphone giant unveils its first electric vehicle Thursday, as it attempts to muscle into an unfamiliar and intensely competitive market.
It will start selling its SU7 series in...
Xiaomi's first-ever EV unveiled
The billionaire co-founder of Xiaomi Corp. unveiled the company’s first electric vehicle (EV) on Thursday, declaring ambitions to become a top global carmaker in 15 to 20 years and compete against Tesla Inc. and Porsche AG.
The SU7, which stands for Speed Ultra...
Alibaba surprises with new chairman and chief executive
Alibaba Group Holding Ltd. announced a new chairman and chief executive, unveiling a surprise plan to replace Daniel Zhang at the helm of a company that’s been bleeding market share and struggling to revive growth in the post-Covid era...