Xiaomi: An Underestimated AI Narrative in China

Xiaomi's MiMo-V2-Pro topped for three weeks YET Xiaomi's stock hit a 12-month low. Introducing The AI Script series.

Since we started working on this Xiaomi AI story, Xiaomi’s MiMo model lead Luo Fuli posted a detailed take on Anthropic’s decision to cut off third-party harnesses from using Claude subscriptions. She also described MiMO-V2-Pro as a “quiet ambush.” She signed off the tweet from Beijing. Interesting choice.

In a new Calling the Shots series called The AI Script, I want to track how AI narratives shape the perception of power. From valuation gaps to geopolitical leverage, the story told about AI often matters more than the technology itself. Xiaomi’s venture into AI is the first story.

Xiaomi: An Underestimated AI Narrative in China

By Peiyue Wu

Xiaomi is undeniably China’s closest parallel to Tesla. Both began as consumer tech companies that successfully extended into cars, and now both are pushing into AI.

For three consecutive weeks, Xiaomi’s MiMo-V2-Pro AI model dominated the OpenRouter leaderboards. It was a rare feat of endurance that even high-flying startups like Z.ai and MiniMax d…