Xiaomi

India's Serious Fraud Investigation Office has recommended a detailed investigation into Xiaomi for alleged irregularities in its business model, movement of funds and compliance with tightened foreign investment rules introduced in 2020. The SFIO proposal seeks to examine beneficial ownership of foreign investors, possible undisclosed changes in control, financial statements and ties with e-commerce partners, and suggests coordination with other agencies. Xiaomi says it has not received any SFIO notice and that it complies with Indian laws. The proposal is pending approval by the Ministry of Corporate Affairs and could lead to summons of current and former executives if authorized. » More on finance.yahoo.com

Xiaomi has entered the large family‑SUV segment with the SkyNomad N70 and N90 models and recorded more than 10,000 firm orders within four minutes. The vehicles are range‑extender models and are being priced aggressively (starting at 209,900 yuan), implying strong sales pressure but also strains on profitability. Investors reacted with share price losses in Hong Kong amid fears that Xiaomi will further heat up the already fierce competition in China and that margins will suffer. » More on deraktionaer.de

Xiaomi introduced the 18 Fold, a short, wide book-style foldable that pairs 7.58-inch inner and 5.38-inch outer OLEDs with up to 4,000 nits peak brightness. It debuts Xiaomi's Xring O3 chipset with Arm Mali G2‑Ultra NX GPU, a 6,000mAh silicon‑carbon battery with 67W wired and 50W wireless charging, and a Leica‑backed triple rear camera including a 200MP main sensor and 3.5x periscope. The device is slightly thicker and heavier than Samsung's Galaxy Z Fold 8 and lacks an IP rating, and Xiaomi has only confirmed a China launch with preorders from ¥10,999 and sales starting September 10th. » More on theverge.com