{
  "url": "https://www.scmp.com/business/china-evs/article/3364458/xiaomi-no-rush-turn-vast-ai-spending-profits-despite-earnings-slump?utm_source=rss_feed",
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  "excerpt": "Xiaomi ‘in no rush’ to turn vast AI spending into profits despite earnings slump | South China Morning Post Advertisement Electric & new energy vehicles Business China EVs Xiaomi ‘in no rush’ to turn vast AI spending into profits despite earnings slump The Chinese tech firm has seen its net profits decline for three consecutive quarters, as it rapidly ramps up AI-related R&D spending 2 -MIN READ 2 -MIN Listen Themis Qi Published: 8:21pm, 18 Aug 2026 Updated: 8:27pm, 18 Aug 2026 Chinese technolog",
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