I cover Chinese billionaires, and help to compile the China Rich List as well as Under30 list in Asia. I contribute to Forbes, and previously I freelanced for SCMP and Nikkei. Prior to Beijing, I spent six months as an intern at TIME magazine's Hong Kong office. I am a graduate of the Medill School of Journalism, Northwestern University.
, cofounder of Chinese smartphone giant Xiaomi, became $1.3 billion richer on Monday after the launch of the company’s first electric vehicle wowed the market.
“The stock has received a boost from Xiaomi’s new energy vehicle,” says Kenny Ng, a Hong Kong-based securities strategist at Everbright Securities. “The initial orders have exceeded market expectations.”pricing for the much anticipated SU7 electric sedan, which will range from 215,900 yuan to 299,900 yuan. The company later said initial orders reached almost 90,000 units within the first 24 hours of the launch event.
for Xiaomi, which is collaborating with state-owned automaker BAIC Group to manufacture the vehicles and is gradually boosting production.
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