Lei Jun, founder and chairman of XIAOMI-W (01810.HK) +2.050 (+3.603%) Short selling $3.22B; Ratio 11.218% , stated at the press conference that the company actively responds to the call of the Chinese regulators and steadfastly implements anti-involution measures.Xiaomi, renowned for its commitment to paying suppliers within 60 days, firmly opposes price wars, holding itself to higher standards, the founder said.Related NewsCiti: YU7 Launch May Prompt Tesla, XPENG-W to Further Cut Car PricesFurthermore, Lei announced the collaboration with the industry to create a more open and comprehensive "Human X Car X Home" ecosystem, whereas the first batch of partners includes BYD, GAC Toyota, and Zhengzhou Nissan.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)