Mainland China and Hong Kong stocks ended a choppy week lower after a strong performance run since the start of the year.

Xiaomi’s first electric vehicle, the SU7, took the market by storm, securing nearly 250,000 orders in just nine months.

Multiple SKUs of the Xiaomi Watch S4 have been spotted on Amazon listings in Dubai, France, Germany, Italy, and Spain, revealing a range of price points in these markets. According to these early listings,

Xiaomi looks to “redefine premium cars for this generation” with a combination of performance features that compete with Porsche, technological functions similar to Tesla, and luxury comparable to German carmakers.

The company’s new flagship just launched in China with a 200-megapixel periscope camera.

China's new regulations for autonomous driving software require regulatory approval for over-the-air upgrades. Automakers like Tesla and Xiaomi are affected, as such upgrades are considered product recalls.

Electric vehicle makers including Tesla and Xiaomi have used OTA upgrades to fix software bugs. Such upgrades are called product recalls under China's regulation, but it's often unclear if drivers might need, or would be eligible, to return vehicles to the automakers for refunds.

Huawei Technologies took the crown in China's smartphone market in January, buoyed by a government subsidy scheme for electronics purchases, according to the latest numbers from industry consultancy Counterpoint Research.