The verdict means that Xiaomi has finally shaken off a geopolitical burden that weighed down its shares since earlier this year.
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Posted inHeavy Hitters
Xiaomi reportedly plotting electric car play
The cell phone maker known as ‘the Apple of China’ has backed EV companies Nio and Xpeng. Its entry is expected to shake up China’s car market.
Posted inTurf Wars
Xiaomi shares plunge after US investment ban
US investors will be prohibited from buying Xiaomi shares and will have to divest their holdings by November, according to the executive order.
Posted inHeavy Hitters
Xiaomi sues US government over investment ban
Xiaomi asked the court remove it from a defense blacklist that bans Americans from investing in companies linked to the Chinese military.
Posted inHeavy Hitters
Xiaomi invests $1.5 billion in fully owned EV business
The world’s fourth-biggest phone maker Xiaomi now pledges to develop high-quality EVs with a ‘best-in-class’ connected device ecosystem.
Posted inThe Numbers
Xiaomi revenue growth accelerates on weaker Huawei
Xiaomi posted its fastest pace of revenue growth in the third quarter since its 2018 listing but warned of a ‘supply chain shortage.’
Posted inHeavy Hitters
Xiaomi readies $4.3 billion in share buybacks
Xiaomi will roll out a more aggressive share buyback initiative following an earlier plan to repurchase up to HK$12 billion worth of stock.
Posted inOn the Cusp
Xiaomi-backed scooter maker Ninebot readies for STAR Market IPO
Ninebot is expected to become the first foreign-registered company with a variable-interest entity structure to list on a stock exchange in Mainland China.
Posted inHeavy Hitters
Xiaomi brings in banker to boost fintech push
Xiaomi is actively seeking new growth opportunities outside smartphones as global handset sales shrink, and fintech is the answer.
Posted inThe Numbers
Xiaomi spent $65 million on share buybacks this week
The buybacks of Xiaomi shares come during turmoil in Asian markets. The global smartphone market is expected to be severely hit by the coronavirus outbreak.
