Netizens spread rumors that Xiaomi and NIO transferred funds overseas through a person named Mao at the Bank of America. NIO related personnel: false information.

Recently, there have been internet reports claiming that a cross-border factoring project orchestrated by a person named Mao from Fuguo Bank is purportedly for financing Chinese companies such as Xiaomi and NIO, but in reality it is used to transfer funds overseas using a complex commission structure. Sina Technology reached out to NIO for confirmation, and a NIO representative stated that there is no cooperation between NIO, Fuguo Bank, and Mao, and there has been no form of contact. The related false allegations have been documented and legal action will be taken against those who spread rumors.