Xiaomi’s MiMo AI model enters the fray: a new challenger in China’s tech battle boosts stock gains by 5.3% Xiaomi dives into the AI race with MiMo, an open-source Large Language Model (LLM) set to take on OpenAI and Alibaba. Strategic GPU investments pay off, sparking a notable stock surge.

  • April 30, 2025

Xiaomi enters China’s AI arena with MiMo, an open-source Large Language Model (LLM) rivaling OpenAI and Alibaba’s offerings. Boosted by in-house development and strategic GPU investments, Xiaomi shares soar 5.3%, propelling Kingsoft Cloud Holdings upwards by 14.2%.

Source: scmp.com