CIXIAMI@EC2605D

Xiaomi reportedly cuts 2026 shipment targets amid memory chip shortage.

Global Launch of Xiaomi 17 Series and HyperOS 3.1

Xiaomi Corporation Q4 2025 Earnings Release

Xiaomi challenges India tax tribunal ruling on royalty tax in Supreme Court

Xiaomi Challenges Rs 500 Crore Royalty Taxation Ruling By Indian Court

Xiaomi SU7 Ultra production model set to begin deliveries on March 2.

MIIT Releases Batch 404 New Car Catalog; Xiaomi YU7 GT and SU7 Ultra Production Versions Listed

Xiaomi Shares Drop Over 3% Intraday Amid HyperOS Update Issues and Market Sentiment

Xiaomi 17 series color options revealed for India and global markets.

Xiaomi to Launch Xiaomi 17 Series and Pad 8 Globally on February 28

Xiaomi is expected to disclose the latest share repurchase details after market close today.

Xiaomi EV unveils new colors for updated SU7; second batch of stores opens today.

UBS Analysts Increase Allocation to Chinese Tech Stocks Citing Valuation Appeal

Xiaomi Auto surpasses Tesla in Russia's January sales, topping the high-end pure EV market.

Rumors suggest Xiaomi 17T series may launch globally alongside flagship models.

Xiaomi 17 Max specs exposed: 200MP large sensor and 8000mAh battery.

China Galaxy Securities: Optimization of trade-in policy expected to boost auto consumption, recommends Xiaomi and other automakers.

New Generation Xiaomi SU7 Arrives at 30 Stores Nationwide for Consumer Preview

Xiaomi 17 global versions rumored to have smaller batteries than Chinese variants

Xiaomi Auto expected to release February delivery figures in early March

HKC INT'L RTS

TIANBAO ENERGY

SUMMI

HANG YICK RTS

UNI PRINTSHOP

CHERISH SUN

NE ELECTRIC

SINO GAS HLDGS

MANY IDEA CLOUD

CREATIVE CHINA

BABA

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TCEHY

XIACY

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KBAB

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BABX

According to the Hong Kong Stock Connect data, the TRACKER FUND experienced a net outflow of HKD 4.41 billion, becoming the largest net outflow stock. Tencent, Alibaba, and Xiaomi Corporation saw net inflows of HKD 818 million, HKD 606 million, and HKD 538 million, respectively. The highest net inflow stocks for the Hong Kong Stock Connect (Shanghai) and (Shenzhen) were Tencent and Alibaba, while the stock with the net outflow was the TRACKER FUND. The total net outflow for the day was HKD 0, with a total transaction amount of HKD 92.513 billion, accounting for 39.07% of the total market transaction amount

AASTOCKS

Alibaba

TENCENT

BABA-W

Tencent Holdings Limited

Tencent

Xiaomi Corporation

XIAOMI-W

FI CSOP HSI

FL2 CSOP HSI

FI2 CSOP HSI

KraneShares 2x Long BABA Daily ETF

TRACKER FUND

BABA 2x Long Daily ETF - GraniteShares

Net outflow of HKD 4.41 billion from the Stock Connect Tracker Fund

HXXD

Xiaomi has challenged an Indian tax tribunal ruling that imposed a $72 million tariff on royalty payments, claiming it was wrongly deemed the "beneficial owner" of imported components. The case, closely monitored by legal experts, could set a precedent affecting contract manufacturing in India. If the ruling is upheld, it may lead to increased scrutiny of royalty agreements across various sectors. Additionally, Xiaomi faces financial strain from frozen funds and declining market share in India, with potential penalties raising the tax demand to over $150 million.

- Xiaomi is challenging an Indian tax ruling that claims the company owes $72 million in royalty fees, a case that may set a precedent for contract manufacturing in India.  
- The tax court accused Xiaomi of intentionally hiding facts, stating that the company is considered the “beneficial owner” of imported components for which royalties were not accounted.  
- A Supreme Court decision could significantly impact contract manufacturing industries, possibly affecting numerous import companies in sectors like pharmaceuticals and automotive.

Reuters

Xiaomi HK SDR 2to1

Xiaomi challenges India tax authority over tariffs on royalties in closely watched case

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09992

513130

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The net inflow of the Hong Kong Stock Connect Southbound Hang Seng Technology is HKD 1.585 billion, with Meituan and Xiaomi Group seeing net inflows of HKD 687 million and HKD 438 million, respectively. In terms of net outflows, POP MART, CNOOC, and Tencent experienced net outflows of HKD 205 million, HKD 99.9 million, and HKD 86.77 million, respectively. For the Hong Kong Stock Connect (Shanghai), Tencent had a net inflow of HKD 393 million, while SMIC had a net outflow of HKD 121 million; for the Hong Kong Stock Connect (Shenzhen), the Southbound Hang Seng Technology saw a net inflow of HKD 1.327 billion, while Tencent had a net outflow of HKD 480 million. Overall, the total net outflow for the day was HKD 0, with a total transaction amount of HKD 108.443 billion, accounting for 43.21% of the total market transaction amount

MEITUAN

POP MART

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

CSOP HS TECH

Net inflow of HKD 1.585 billion for Southbound Stock Connect Hang Seng Technology

Xiaomi's legal department recently announced that the court has made a first-instance judgment in its lawsuit against the self-media "AutoReport Automotive Industry" for infringement. The court found that the defendant disseminated false information on multiple online platforms, damaging Xiaomi's reputation, and ordered the defendant to delete the infringing content, publicly apologize, and pay compensation of 5 million yuan

Wallstreetcn

Xiaomi Legal Department: The first-instance judgment of the lawsuit against the self-media "AutoReport Automotive Industry Economics" for infringement, the defendant publicly apologized to Xiaomi and compensated 5 million yuan

PSKY

81810

CRCL

NFLX

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0224 | Dolphin Research Focus: 🐬 Macro/Industry. Trump signaled a preference for a diplomatic deal over military action on the Iran issue. Geopolitical tensions cooled quickly, and the Geneva talks on Feb 26 remain on schedule.Gold's safe-haven premium is fading. Middle East risks still imply potential conflict. U.S. monetary policy remains the core driver of gold.AI: Leading player Anthropic will host an online livestream. Scheduled at 9:30 a.m. ET on Tue (10:30 p.m. Beijing time)...

CTG Duty Free hits limit-down on a negative surprise; Lei Jun sets '15-5' hardcore chip push | Daily News Recap---

SOXX

SOXL

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Xiaomi Corporation Chairman and CEO Lei Jun stated at a private enterprise symposium that in the next five years, Xiaomi will focus on tackling core underlying technologies such as chips, AI, and operating systems. He emphasized that the implementation of the Private Economy Promotion Law provides a better business environment for enterprises, and support policies are more precise. Lei Jun pointed out that private enterprises should resonate with the national development strategy, focusing on innovation and the real economy to address the challenges of industrial transformation

- A recent meeting on February 17, 2025, emphasized solid implementation of policies to promote private sector growth in China.  
- Lei Jun, CEO of Xiaomi, highlighted increased confidence and a more favorable business environment due to the official enactment of the Private Economy Promotion Law and other supportive measures.  
- The focus for private enterprises is to align with national strategies for high-quality development and innovation while capitalizing on new industry trends and technologies.

iShares Semiconductor ETF

Direxion Semicon Bull 3X

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Guotai CES Semiconductor Chip Industry ETF

VanEck Semiconductor ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

Lei Jun: In the next five years, Xiaomi will focus on tackling core underlying technologies such as chips, AI, and operating systems

.HXC

FSTC

The NASDAQ Golden Dragon China Index initially closed down 0.9%. Among popular Chinese concept stocks, NetEase fell 1.7%, Baidu, Pony.ai, and New Oriental dropped about 1%, while Alibaba declined 0.8%. Tencent, Pinduoduo, Xiaomi, and Li Auto rose up to 0.9%, and BYD, Meituan, YUM CHINA, WeRide, and Nio increased by up to 4.5%

NASDAQ Golden Dragon China Index

FTSE ST China Index

CSI 300

YUM CHINA

Direxion FTSE China Bull 3X

E Fund CSI HK Connect Internet ETF

KraneShares 2x Long PDD Daily ETF

iShares MSCI China

GraniteShares 2x Long PDD Daily ETF

CSOP CSI300

China Southern CSI 300 ETF

Yinhua MSCI China A ETF

Roundhill China Dragons ETF

Invesco Golden Dragon China

NTES-S

NetEase

603341

In Shenzhen, China, on February 23, 2026, Mibro, a smart wearables manufacturer, will unveil its AI Coach system at the upcoming Mobile World Congress 2026. The demonstration will highlight the advancement of a watch-based artificial intelligence platform designed to provide tailored training guidance for padel players. This innovative system aims to offer sport-specific insights and enhance the training experience.

Unusual Whales

Longcheer

Mibro will debut AI Sports Coach at MWC 2026, focusing on precision and emotional intelligence in sport training.

STECH

00HSI

MPNGY

The Hang Seng Index closed at 27,081 points, up 668 points or 2.5%. The Hang Seng TECH Index reported 5,385 points, up 173 points or 3.3%. The total market turnover was HKD 172.963 billion. Several heavyweight stocks, including Meituan, Alibaba, and XIAOMI-W, saw increases and were actively traded. Stocks such as Li Ning, Techtronic Industries, and Sinopharm reached new highs

Hang Seng TECH Index

Hang Seng Index

Meituan

According to the Hong Kong Daily News, the Hang Seng Index rose by 668 points; the Hang Seng TECH Index increased by 173 points. Meituan rose by over 5%, Alibaba rose by over 3%, and XIAOMI-W rose by over 3%. Li Ning, Chaoneng, Guoyao, New World, and Henderson Land reached new highs with active trading

Xiaomi announced that it will hold a global launch event in Barcelona, Spain on February 28, introducing the Xiaomi 17 Ultra, with the slogan "The New Wave of Imagery is arriving," emphasizing upgrades in imaging capabilities. It is also expected to release the Xiaomi 17 standard version, Xiaomi Pad 8 Pro, Xiaomi Tag, and Xiaomi Watch 5. The international versions of the Xiaomi 17 and Xiaomi 17 Ultra will maintain the previous generation's pricing, with battery capacities slightly different from the Chinese versions

Xiaomi 17 series international version to debut in Barcelona on February 28

AAPL

SSNGY

AAPX

AAPU

AAPB

AAPD

Omdia's latest research indicates that the European smartphone market saw a 1% decline in 2025, totaling 134.2 million units. Samsung maintained its lead with 46.6 million units, while Apple achieved a record 27% market share, growing 6% to 36.9 million units, driven by strong demand for the iPhone 16 series. Xiaomi, Motorola, and HONOR followed, with HONOR entering the top five for the first time. Analysts suggest that despite challenges, capturing customer interest remains crucial for vendors in a competitive landscape.

- In 2025, the European smartphone market saw a 1% decline, totaling 134.2 million units, influenced by subdued demand and new regulations.  
- Samsung retained its position as the largest vendor with 46.6 million units, while Apple achieved a 6% growth, reaching a market share of 27%.  
- The competitive landscape remains intense as vendors seek differentiation, with projections of challenges in memory pricing impacting future market dynamics.

StockTitan

Apple

Samsung Electronics 

T-Rex 2X Long Apple Daily Target ETF

Direxion Daily AAPL Bull 2X Shares

GraniteShares 2x Long AAPL Daily ETF

Direxion Daily AAPL Bear 1x Shares

Omdia: Apple and HONOR Claim Record Market Shares as Europe’s Smartphone Shipment Dips 1% in 2025 | TTGT Stock News

Xiaomi Corporation disclosed its financial report, stating that on February 20, it repurchased 4.2824 million shares on the Stock Exchange at a price ranging from HKD 35.32 to HKD 35.74 per share, involving a total amount of approximately HKD 152 million. Since the approval of the ordinary resolution (June 5, 2025), the company has repurchased a total of 24.2 million shares, accounting for 0.94% of the share capital

Xiaomi Corporation repurchased 4.2824 million shares, involving an amount of 152 million yuan

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The total short selling amount in the Hong Kong stock market reached HKD 39.44 billion, accounting for 29% of the trading volume of shortable stocks. The previous day was 28.2%. The five stocks with the highest short selling amounts are: CSOP HS TECH short selling ratio 64.4%, amount HKD 4.83 billion; TRACKER FUND short selling ratio 52.1%, amount HKD 4.62 billion; HSCEI ETF short selling ratio 44.5%, amount HKD 3.37 billion; Alibaba-W short selling ratio 21%, amount HKD 2.2 billion; XIAOMI-W short selling ratio 47.8%, amount HKD 1.59 billion

ALI HEALTH

HSCEI ETF

The total short selling in Hong Kong stocks for the day was HKD 39.44 billion, accounting for 29% of the turnover of shortable shares

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The short selling amount in the Hong Kong stock market reached HKD 20.04 billion in half a day, accounting for 28.7% of the total shortable stock turnover of HKD 69.83 billion. The top five stocks by short selling amount include CSOP HS TECH with a short selling ratio of 65.6% and a short selling amount of HKD 3.09 billion; TRACKER FUND with a short selling ratio of 48.6% and a short selling amount of HKD 2.41 billion; HSCEI ETF with a short selling ratio of 38.6% and a short selling amount of HKD 1.49 billion; Alibaba-W with a short selling ratio of 22.6% and a short selling amount of HKD 1.22 billion; and XIAOMI-W with a short selling ratio of 52.9% and a short selling amount of HKD 780 million

China Southern Hang Seng ETF

The short selling in Hong Kong stocks for half a day reached HKD 20.04 billion, accounting for 28.7% of the total turnover of shortable shares

Today’s Key News Recap

Warner Bros. Discovery

Paramount Skydance Corporation - CL B

XIAOMI-WR

Circle

Netflix

CTG DUTY-FREE

That's right. Good companies won't be affected much. Most of their business is in China. Happy Chinese New Year.

2026 Resolution-Trade like professional . Do not FOMO. Keep more cash.

XIAOMI

Fattycat

BABA Diamond Holder

BABA Return Rate

上週末，趁着國內臨近春節，美國又耍了個&#34;小手段&#34;，其國防部一度宣佈將包括阿里、百度、比亞迪在內的多家公司納入 Chinese Military Companies、即 CMC 清單。導致阿里等受影響的公司股價盤前一度跳水，但隨後美國防部又 “玩鬧式” 地迅速將此公告撤回了，相關公司最後也收回了大多數跌幅。實際上，美國的這種 “小手段” 已用過多次，海豚君在此前的《中概退市：這次 “狼真會來”？別怕，不是末日！》中有過比較詳細的討論，多少有些見怪不怪了。首先，被納入 CMC 清單的直接影響只是 -- 被禁止與美國國防部及其相關方進行合作往來，但不會直接影響美國資金投資於 CMC 清單內的企業，和直接影響民間的生意往來。只有被納入 “升級版” 的 NS-CMIC 清單內的企業才會被直接禁止美國資金對其進行投資，進而對相關公司股價產生實際性影響。但該 “NS-CMIC” 名單自 21 年 12 月後就再無更新。此前，小米和騰訊也曾短暫被納入國 CMC 清單，但隨後經過上述或溝通都被移出了清單，短暫的恐慌性下跌反而給了不錯的入場機會。結合這個小動作的時間節點，和發佈後又立刻撤回的操作，海豚君當前傾向於這更多隻是美國趁着國內喜慶過年時故意 “噁心”、並試探一下中方政府的態度，為特朗普可能在 4 月的訪華談判上一些籌碼。綜上，海豚君目前覺得大概率不會有什麼實質性的影響，但也不能排除之後美國不會又再有拉扯，把撤回的公告再發布出來，保持關注吧。$Alibaba(BABA.US) $Baidu(BIDU.US)

BIDU-SW

BIDU-SWR

Baidu

Baidu HK SDR 10to1

BIDU ADR US

0212 | Dolphin Research Focus: 🐬 Macro/Industry 1) Doubao announced that its video-generation model Seedance 2.0 is now integrated into the Doubao app, desktop client, and web version. Users can create 5s/10s short videos from text prompts and produce clone-style videos, with upgrades to image quality, generation speed, and content fidelity. Leveraging ByteDance's ecosystem should accelerate user adoption and engagement, pushing AIGC toward mainstream, practical use...

Duolingo

T-Mobile US

Apple Group

Sirius XM

Coinbase

MINIMAX-WP

ByteDance

KNOWLEDGE ATLAS

Meta Platforms

Shopify 

NETEASE MUSIC

Airbnb

Applied Materials

LLMs race ahead as AI apps surge; Apple revamps Siri amid tech bottlenecks｜Daily News Recap

0211 | Dolphin Research Focus: 🐬 Stock 1, $XIAOMI-W(01810.HK) On the evening of Feb 10, Lei Jun live-streamed from Xiaomi Auto's Yizhuang, Beijing plant. He announced the final first-gen SU7 had rolled off the line and shipped, marking the model's official discontinuation, with cumulative deliveries nearing 370k units. Production lines are being retooled for the next-gen SU7, slated for an Apr launch.The first-gen wrap-up validates Xiaomi Auto's mass-production capability and market acceptance. The capacity transition paves the way for a volume ramp of the new model, a near-term positive for order conversion and brand perception, with Xiaomi up over 4% today...

Dutch Bros

Paramount Global

Microsoft

Robinhood

Spotify

Coca Cola

MSFT Eyes High-Temp Superconductors to Ease AI Power Bottlenecks; BABA's RynnBrain Aims to Give Machines a Brain | Daily News Recap

CIXIAMI@EC2605D(24746.HK)

Net outflow of HKD 4.41 billion from the Stock Connect Tracker Fund

Xiaomi challenges India tax authority over tariffs on royalties in closely watched case

Net inflow of HKD 1.585 billion for Southbound Stock Connect Hang Seng Technology

Xiaomi Legal Department: The first-instance judgment of the lawsuit against the self-media "AutoReport Automotive Industry Economics" for infringement, the defendant publicly apologized to Xiaomi and compensated 5 million yuan

CTG Duty Free hits limit-down on a negative surprise; Lei Jun sets '15-5' hardcore chip push | Daily News Recap---