market

The foldable smartphone market faces a slowdown in 2024-2025, with a potential single-digit decline anticipated after years of rapid growth. However, the market is anticipating Apple’s entry, rumored for 2025, which could reshape the landscape. Supply chains also see significant potential, with Apple’s involvement stimulating growth across various component sectors and potentially driving further innovation.

Xiaomi executive Lu Weibing’s comments during a live stream have ignited a debate in China’s appliance market. Instead of acknowledging Gree, a major competitor, Lu praised Midea and Haier, setting Xiaomi’s sights on joining them as a top player by 2030. This move, interpreted as a strategic avoidance of Gree, highlights Xiaomi’s growing influence through aggressive expansion, particularly in air conditioning and refrigeration, intensifying competition within the sector.

Diversified Energy Company PLC announced the repurchase of 31,898 ordinary shares on June 5, 2025, at an average price of $13.9421 per share. The repurchased shares will be retired, resulting in 78,672,415 ordinary shares outstanding.

Xiaomi’s investment partner, Pan Jiutang, commented on the company’s entry into the EV market. He believes Xiaomi’s presence benefits the industry by driving competition and focusing on consumer needs. Jiutang emphasized their premium electric vehicle strategy, targeting a large market. His comments respond to predictions of Xiaomi’s rapid growth potentially impacting competitors, with significant sales growth expected in the coming years.