Xiaomi

Online rumors allege Wells Fargo, via a cross-border factoring program led by “Mao XX,” funneled billions overseas to Chinese firms like Xiaomi and Nio. Both Xiaomi and Nio have vehemently denied any involvement with Wells Fargo or “Mao XX,” stating they’ve never cooperated or had contact. They are pursuing legal action against those spreading the false claims. These unverified accusations have generated online debate regarding misinformation and accountability.

China is experiencing a fitness boom, with 540 million people (38.5%) exercising regularly. By the end of 2024, the country had 4.84 million sports venues, providing 3.0 square meters of sports facilities per capita. The national physical fitness qualification rate reached 84.8%, a significant increase since 2000. Xiaomi CEO Lei Jun’s fitness journey, aiming for 100 workout sessions in 2025, inspires many and mirrors China’s increasing focus on health and wellness, presenting opportunities for related businesses.

Xiaomi has launched its first upgraded Xiaomi Home service store in Beijing, focusing on enhancing the customer experience. To celebrate, from August 3rd to 31st, the store offers promotional deals on purchases, repairs, and warranties. Customers can receive discounts on repairs and extended warranties. This initiative is part of Xiaomi’s omnichannel strategy, combining online sales with an expanding physical retail presence to increase customer engagement and reduce distribution costs, aiming to make Xiaomi Home a hub for tech enthusiasts.

A viral moment at the 2024 Beijing Auto Show involving Li Auto’s CEO Li Xiang and Xiaomi’s CEO Lei Jun sparked online buzz. Li Xiang closed the door on Lei Jun while showcasing the Li Auto L6, leading to humorous speculation about Li “locking” him in. Xiaomi’s Xu Jieyun clarified that Lei Jun was examining the armrest design. Li Xiang explained he closed the door to allow Lei Jun to better experience the car’s interior.

China Changan Automobile Group Co., Ltd. was officially established in Chongqing on July 29th as a state-owned automotive giant. With a registered capital of 20 billion yuan and Zhu Huarong as legal representative, the company aims to become a globally competitive automotive group with proprietary core technologies. The launch has attracted significant attention, including congratulations from Xiaomi CEO Lei Jun, who pledged collaboration to advance China’s automotive industry.

Xiaomi founder Lei Jun’s fitness regime, marked by 73 gym sessions this year, became a trending topic on Weibo amidst severe weather conditions in Northern China. Torrential rains have battered regions including Beijing and Hebei, raising concerns about flooding and landslides. Meteorologists attribute the extreme precipitation to a strong subtropical high, leading to unstable atmospheric conditions and record rainfall. Authorities are urging vigilance due to the elevated risk of flash floods and landslides.

Xiaomi President Lu Weibing attended Leica’s centennial exhibition, highlighting Xiaomi’s partnership with Leica to bridge humanistic photography with mobile computational photography. Xiaomi and Leica have collaborated on over 20 models in four years and established the Xiaomi x Leica Optical Institute. The institute focuses on core optical technologies, including AI and image digital technology, to advance mobile imaging optics and leverage both companies’ strengths. They aim to redefine mobile imaging capabilities and lead in optical technology evolution.

Xiaomi has won a five-year patent battle against GE Video Compression, a former member of the HEVC Advance patent pool. China’s Supreme People’s Court upheld the invalidation of GE’s patent, shielding Xiaomi from infringement claims related to the technology. This decision stems from a dispute initiated in 2020, when GE filed an infringement lawsuit against Xiaomi in Germany. Xiaomi strategically challenged the patent’s validity, leading to this final victory. The court determined the patent lacked an inventive step.

Xiaomi enthusiasts await CEO Lei Jun’s annual address; however, the timing is uncertain. Redmi’s Wang Teng suggests Lei needs a break after a busy June. Lei’s annual speeches since 2020 have been highly anticipated, with last year’s focusing on the challenges of Xiaomi’s entry into the electric vehicle market. He attributed the success of the Xiaomi SU7 to collective courage.

NVIDIA’s Jensen Huang praised China’s AI advancements, highlighting his long-standing collaboration with Xiaomi CEO Lei Jun. Their partnership spans smartphones, AI, and autonomous driving. Huang admires China’s innovative engineers and vast consumer base. During a recent meeting, Lei Jun showcased Xiaomi’s SU7 Ultra electric vehicle, prompting Huang to commend its technology and design, expressing his desire to purchase one despite its unavailability in the US. Their decade-long collaboration started when NVIDIA was less established.