Lei Jun set out to build the “Apple of China.” Xiaomi’s car business is now outpacing Tesla and Rivian.

Investing.com-- Xiaomi Corp (HK: 1810) briefly hit a record high in Hong Kong trade on Thursday, as the Chinese technology giant geared up to launch the luxury version of its SU7 electric vehicle and 15 Ultra smartphone later in the day.

The Chinese company's shares rose 5.9% to 47.80 Hong Kong dollars, equivalent to around US$6.14, as of midday Tuesday, taking year-to-date gains to 39%. The shares touched HK$48.15, a new intraday high, early Tuesday.

China and Hong Kong tech stocks surged after President Xi Jinping's meeting with industry leaders, including Alibaba's Jack Ma, suggesting a policy shift following years of regulatory crackdowns. The Hang Seng Tech Index and key stocks like Alibaba,

Hannah Ho, 32, built her career as an expat in Hong Kong. She's using the move back home as an opportunity to pivot her career. Shares in China's Xiaomi are up more than 30% in Hong Kong this year ...

Xiaomi is launching its 212W HyperCharge Power Bank 25000 globally, following its Chinese crowdfunding success. The power bank is currently available in Japan and Hong Kong, with wider distribution planned.