Xiaomi Corp - Unsponsored ADR (XIACY)
China's Xiaomi to raise $5.5 billion in placement for business expansion
China's Xiaomi Corp said on Tuesday it is looking to raise an aggregate of HK$42.6 billion ($5.48 billion) via a placement in a bid to accelerate business expansion.
Xiaomi raises $5.5 billion to fuel electric vehicle expansion
Xiaomi Corp. is poised to inject a substantial $5.5 billion into its ambitious electric vehicle (EV) program through an upsized share sale, sources familiar with the matter have revealed to Bloomberg.
Xiaomi to raise $5.3B from share sale
Xiaomi has commenced a share sale to raise as much as $5.3 billion. The Beijing-based technology company is offering 750 million Class B shares priced between HK$52.80 and HK$54.60 each.
China's Xiaomi raising up to $5.27 billion in placing
China's Xiaomi Corp is raising up to $5.27 billion in a top-up placement, according to a term sheet seen by Reuters.
Xiaomi: Strong Business Momentum But Valuation Demands Caution
Xiaomi's 4Q24 results exceeded expectations, driven by strong performance in smartphones, IoT, and EVs, solidifying its competitive moat and ecosystem. Despite positive fundamentals, Xiaomi's 70% YTD appreciation and current valuation led to a downgrade to HOLD from BUY, suggesting profit-taking or waiting for a better entry point. Xiaomi's ecosystem, bolstered by premium smartphones, IoT devices, and successful EV launches, positions it as a top tech pick in China.
Xiaomi Corporation (XIACF) Q4 2024 Earnings Call Transcript
Xiaomi Corporation (OTCPK:XIACF) Q4 2024 Earnings Conference Call March 18, 2025 8:30 AM ET Company Participants Anita Chan - Head, Investor Relations and Corporate Finance Lu Weibing - President Alain Lam - Chief Financial Officer Conference Call Participants Andy Meng - Morgan Stanley Timothy Zhao - Goldman Sachs Wen Hanjing - CICC Xu Yingbo - CITIC Leping Huang - Huatai Zoe Xu - UBS Operator Good evening, everyone. Welcome to the online telephone call of Xiaomi 2024.
Xiaomi posts 2024 revenue surge as EV push deepens
Chinese consumer tech giant Xiaomi on Tuesday announced a surge in annual revenue, propelled by strong smartphone sales alongside a continued push into the electric vehicle sector.
Xiaomi reports 48% rise in fourth-quarter revenue
China's Xiaomi reported a 48.8% rise in fourth-quarter revenue on Tuesday, boosted by strong electric vehicle and smartphone sales.
China's Xiaomi raises EV delivery target for 2025 to 350,000
China's Xiaomi raised its full-year target for electric vehicle deliveries to 350,000, founder Lei Jun said on Tuesday in a Weibo post, up from 300,000 EVs for 2025 set earlier this year.
Xiaomi's electric crossover car YU7 to have range of up to 770 km, govt document shows
Chinese tech company Xiaomi 's new electric crossover SUV, the YU7, will have a driving range of up to 770 kilometres (478 miles), a government document showed on Thursday.
Here's why the Xiaomi stock price is beating Apple
Xiaomi stock price is firing on all cylinders, making it one of the best-performing companies in the Hang Seng index. It has soared by over 300% in the last twelve months and is beating Apple (AAPL) whose shares have jumped by less than 50%.
China's Xiaomi to launch smart driving protection insurance
China's Xiaomi said on Tuesday it will work with insurance institutions to launch a smart driving protection service with a maximum liability of 3 million yuan ($413,439.54).
