Xiaomi (1810 HK) says the new generation SU7 saw explosive recent demand following the launch on March 19th, orders topped 15k within the first 34 minutes, and rose above 30k in three days
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Xiaomi (1810 HK) says the new generation SU7 saw explosive recent demand following the launch on March 19th, orders topped 15k within the first 34 minutes, and rose above 30k in three days
China's USD 1.57tln sovereign wealth fund is reportedly considering new allocations to US money managers, just months after it reduced exposure to the US, according to reports
Chinese Market Regulator holds a meeting on price supervision and anti-unfair competition enforcement
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Context
Xiaomi's announcement of explosive demand for the SU7, with over 30,000 orders in just three days post-launch, signals strong market reception and consumer interest, which could positively impact its revenue outlook. This initial surge suggests that the product could significantly contribute to Xiaomi's growth trajectory and may influence peer valuations in the tech hardware sector.
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