StockMarketNews.Today – Xiaomi’s senior vice president Wang Xiang made a formal announcement about it via his official twitter handle. He even shared some pictures of the newly opened largest Mi Home store in Wuhan.
StockMarketNews.Today – While the weak debut is disappointing for the bank, it also poses a challenge for Hong Kong Exchanges & Clearing Ltd., which has positioned itself as the international gateway to China’s markets. While Meituan jumped on its first trading day this month, IPOs such as Xiaomi and China Renaissance have represented a more typical pattern this year, with newly listed stocks falling 6.7 percent on a weighted-average basis.
StockMarketNews.Today – The store is located at Vadistanbul Shopping Center and the opening of the brick-and-mortar shop gathered huge crowds who lined for gift cards, power banks, Mi Band 2 fitness trackers and 800 more surprises. It also offers all the latest mobile devices like the Mi Band 3, Xiaomi Mi 8, and the Android One-based Xiaomi Mi A2 smartphone.
StockMarketNews.Today – Chinese smartphone maker Xiaomi Inc (1810.HK) said on Friday it will rejig its businesses and create new leadership positions aimed at building a second tier to CEO Lei Jun, amid increased scrutiny of governance and successions at Chinese tech firms.
StockMarketNews.Today – Strong performance in the company’s smartphone and internet of things business helped drive growth. Shares of the Chinese electronics giant have been under pressure amid worries that it cannot diversify its business away from hardware.
StockMarketNews.Today – Xiaomi has posted a bumper profit in its first earnings report since going public last month. The Chinese smartphone maker said Wednesday it made 14.6 billion yuan ($2.1 billion) in the three months to June 30, beating industry estimates. Revenue grew 68% compared to the same period last year to 45.2 billion yuan ($6.6 billion).
The share performance of Xiaomi is a key test of investor sentiment for what is expected to be a packed initial public offering (IPO) calendar in the coming months. These include a $4 billion deal from online food delivery-to-ticketing services platform Meituan Dianping and an up to $10 billion IPO from China Tower, the world’s largest mobile tower operator.