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Real-time News
On April 4th, it was reported that on April 2nd, Xiaomi Group (01810.HK) shares hit a new low since 2025, closing below HK$31 per share, a 50% drop from its mid-year high last year. Wang Wen (Weibo name: Gu Dao Re Chang Ye), founder and chairman of the billion-dollar private equity firm Ridou Investment, publicly expressed his doubts about Xiaomi on Weibo on April 1st and 2nd. He pointed out that Xiaomi has ventured into multiple industries, but rarely ranks among the top three in any of them; before refining and strengthening its existing businesses, it has turned to popular sectors such as AI and robotics, raising suspicions that Xiaomi lacks a clear long-term plan and has a tendency to chase trends. He emphasized that companies need to build core competitiveness, otherwise long-term development will lack support. In the early hours of April 4th, Wang Wen responded urgently via his personal Weibo account, providing supplementary explanations to his views: "I often talk nonsense, dont take it seriously. Xiaomi is an excellent company! However, focusing on one area and one profit, not concentrating on the main business, is not my cup of tea!"April 4th - April 4th marked the first day of the Qingming Festival holiday, with peak periods for mass tomb-sweeping activities across the country. According to statistics from the Ministry of Civil Affairs, on April 4th, a total of 66,300 funeral service institutions nationwide provided on-site tomb-sweeping services, with 377,600 staff members participating in service support. Throughout the day, they received 19,289,300 visitors and 4,572,200 vehicles. Among them, 12,099,600 people chose green and low-carbon tomb-sweeping methods, accounting for 62.73% of the total on-site visitors. 857 online tomb-sweeping platforms served 266,200 online visitors.Authorities say Russia attacked a market in Nikopol, a frontline city in Ukraine, killing five people and injuring 19.Israel Defense Forces: A missile launched from Iran has been detected heading towards Israeli territory. Defense systems are operational to intercept the threat.On April 4, local time, the Ukrainian Presidential Press Office announced that President Zelenskyy had signed a presidential decree to implement the decision of the National Security and Defense Council regarding sanctions against relevant Russian entities and individuals. The sanctions targeting the Russian military-industrial complex include 26 individuals and 31 legal entities. The sanctions list also covers core enterprises involved in the production and maintenance of various weapons and equipment. Furthermore, the sanctions specifically target the aviation manufacturing sector.
