Business World

Xiaomi: Chinese smartphone giant to build electric vehicle factory to produce 300,000 cars annually

Chinese smartphone giant Xiaomi Corp will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the capital said on Saturday. The plant will be constructed in two phases and Xiaomi will also built its auto unit’s headquarters, sales and research offices in the Beijing Economic and […]


Chinese smartphone maker Xiaomi gets into electric cars race, plans $10 billion investment

Smartphone maker Xiaomi is getting into electric cars. The Chinese company on Tuesday said it will invest $10 billion over the next decade in a subsidiary focused on the “smart electric vehicle business.” The company said in a stock market filing that the new unit will be led by billionaire CEO Lei Jun. The initial […]

Social Media Reactions

Man won’t marry until he gets newly launched phone, so company sends him one

A man who declared on social media that he wouldn’t get married until he got a newly launched smartphone was in for a surprise when the company actually turned into a wish-granting Santa and gifted him a new phone. Twitter user Kamal Ahamad from Uttar Pradesh was in for a pleasant surprise when he actually […]


Xiaomi CEO caught posting on social media using iPhone

Xiaomi CEO Lei Jun briefly posted something on Weibo using an iPhone. The Web was quick to grab this small detail and accuse the executive of not using his own company’s phones and relying on Apple instead. Debates on how the iPhone is still the best device in the market started to float in the […]