China's Xiaomi to Raise up to $5.27 Billion from Share Sale

Xiaomi's new EV sedan SU7 Ultra is displayed during a launch event in Beijing, China February 27, 2025. (Reuters)

10:34-24 March 2025 AD ـ 25 Ramadan 1446 AH

China's Xiaomi to Raise up to $5.27 Billion from Share Sale

Xiaomi's new EV sedan SU7 Ultra is displayed during a launch event in Beijing, China February 27, 2025. (Reuters)

China's Xiaomi Corp is raising up to $5.27 billion in a top-up placement on Monday, according to a term sheet seen by Reuters.

The shares are being sold in a HK$52.80 to HK$54.60 price range, the term sheet said.

The smartphone maker, which began manufacturing electric vehicles (EVs) last year, is selling 750 million Class B shares and the price range represents a 4.2-7.4% discount to the company's HK$57 closing price on Monday.

The money raised is earmarked for business expansion, investment in research and technology development and general corporate purposes, the term sheet said.

Xiaomi did not respond immediately to a request for comment.

EV manufacturer BYD this month raised $5.59 billion in Hong Kong's largest share sale in four years.

Windows’ Infamous ‘Blue Screen of Death’ Will Soon Turn Black

A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 21, 2025. (Reuters)

23:59-26 June 2025 AD ـ 01 Muharram 1447 AH

Windows’ Infamous ‘Blue Screen of Death’ Will Soon Turn Black

A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 21, 2025. (Reuters)

Nearly every Windows user has had a run in with the infamous “Blue Screen of Death” at some point in their computing life. Now, after more than 40 years of being set against a very recognizable blue, the updated error message will soon be displayed across a black background.

The changes to the notorious error screen come as part of broader efforts by Microsoft to improve the resiliency of the Windows operating system in the wake of last year’s CrowdStrike incident, which crashed millions of Windows machines worldwide.

“Now it’s easier than ever to navigate unexpected restarts and recover faster,” Redmond, Washington-based Microsoft wrote in a Wednesday announcement.

As part of that effort, Microsoft says it's “streamlining” what users experience when encountering “unexpected restarts” that cause disruptions. And that means a makeover to the infamous error screen.

Beyond the now-black background, Windows' new “screen of death” has a slightly shorter message. It's also no longer accompanied by a frowning face and instead shows a percentage completed for the restart process.

Microsoft says this “simplified” user interface for unexpected restarts will be available later this summer on all of its Windows 11 (version 24H2) devices.

And for PCs that may not restart successfully, Microsoft on Wednesday also said it is adding a “quick machine recovery” mechanism. This will be particularly useful for during a widespread outage, the tech giant noted, as Microsoft “can broadly deploy targeted remediations” and automate fixes with this new mechanism “without requiring complex manual intervention from IT.”

Microsoft said this quick machine recovery will also be “generally available” later this summer on Window 11 with additional capabilities set to launch later in the year.

China's Xiaomi to Raise up to $5.27 Billion from Share Sale

China's Xiaomi to Raise up to $5.27 Billion from Share Sale

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Windows’ Infamous ‘Blue Screen of Death’ Will Soon Turn Black

Windows’ Infamous ‘Blue Screen of Death’ Will Soon Turn Black

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