Xiaomi founder Lei Jun introduces the SU7 Ultra during a launch event held in Beijing, China, Thursday, Feb. 27, 2025. (AP Photo/Ng Han Guan)

Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing.

Ren Zhengfei from Huawei, Lei Jun from Xiaomi and Wang Xinxing from Unitree all gave speeches at the high-profile meeting.

Xiaomi launched its first premium EV in China called the SU7 Ultra, which starts at 529,000 Chinese yuan ($72,627).

The Xiaomi 15 Ultra may be the company's latest smartphone, but it has a superpower that can transform it into a flagship-level handheld camera.

Xiaomi Corp. introduced a new flagship handset priced at €1,499 ($1,560) in a bid to push further into the premium market traditionally dominated by Apple Inc.Most Read from BloombergCuts to Section 8

Same flat sides, same square camera, same small size... did Xiaomi forget to upgrade its phone this year? The latest compact flagship from the booming Chinese brand seems spectacularly unspectacular - until you see just how much AI and processing power it has inside.

China's Xiaomi on Thursday slashed its initial sticker price for its luxury electric sedan SU7 Ultra by over a third to 529,900 yuan ($72,931.72), mounting a bigger challenge to the likes of Tesla and Porsche in the world's largest auto market.

Xiaomi, the world's third-largest smartphone maker, launched its new flagship smartphone Xiaomi 15 Ultra on Thursday, with the base model starting at 6,499 yuan ($894.19).

Its chief executive, Lei Jun, even dressed like the Apple co-founder Steve Jobs, in jeans and a black shirt, for Xiaomi’s first phone launch in 2011. Image At the Beijing Auto Show last year ...

Xiaomi cut the price of its luxury electric sedan SU7 Ultra by 35% to 529,900 yuan ($72,932) from 814,900 yuan ($111,842).

Chinese electric vehicle maker Xiaomi on Thursday priced its luxury electric sedan, the SU7 Ultra, at 529,900 yuan ($72,931.72).The final price of the car announced by founder Lei Jun at is much lower than the initial sticker price of 814,