Xiaomi shares pop 15% after the Chinese smartphone maker launches its 1st EV

Critical Details

In a indication of how competitive China’s electric car or truck market is, Xiaomi announced late Thursday that the SU7 would be priced at about $4,000 considerably less than Tesla’s Design 3.
Li Auto and Nio equally trimmed initially quarter shipping and delivery forecasts in late March.
BYD remained the sector big with 139,902 battery-powered passenger cars bought previous month.

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Finance

Stocks making the biggest moves premarket: Alphabet, Microsoft, Meta Platforms, Eli Lilly, Merck & more

October 30, 2025

Check out the companies making headlines before the bell: Alphabet — The search giant jumped more than 7% after strong results that were boosted by revenue from Google Cloud and YouTube advertising. Alphabet earned $3.10 per share, on an adjusted basis, more than the $2.33 per share expected by analysts polled by LSEG. Revenue of […]

Finance

China says it’s willing to work with U.S. on TikTok — but offers few details

October 30, 2025

Key Points The U.S. wants Beijing-based ByteDance to divest U.S. operations of TikTok, but it has remained unresolved for months. President Donald Trump did not mention TikTok following his meeting with Chinese President Xi Jinping on Thursday. China’s Commerce Ministry said Thursday that Beijing would work with the U.S. on resolving TikTok-related issues. Source

Finance

Xi-Trump meeting sparks optimism in China amid hope for lower tariffs and a ‘honeymoon’ in ties

October 30, 2025

Key Points The U.S. and Chinese presidents met Thursday in South Korea after months of escalating trade tensions. Many in China saw the meeting as positive, and looked forward to the U.S. lowering tariffs. “China-U.S. leaders’ Busan Summit” was the top trending hashtag on Weibo, a social media platform similar to X. Source