Shares of China’s Xiaomi set to rise 2.3% after reporting record profit

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Shares of China‘s Xiaomi were set to rise 2.3% on Wednesday after it reported a record first-quarter revenue and profit and said its shift towards higher-end products from smartphones to home appliances was already paying off.

The Hong Kong-listed shares of the world’s third-largest smartphone maker, whose product lines also extend to cars, were set to open at HK$52.75.

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Shares of China’s Xiaomi set to rise 2.3% after reporting record profit


Shares of China‘s Xiaomi were set to rise 2.3% on Wednesday after it reported a record first-quarter revenue and profit and said its shift towards higher-end products from smartphones to home appliances was already paying off.

The Hong Kong-listed shares of the world’s third-largest smartphone maker, whose product lines also extend to cars, were set to open at HK$52.75.

Discover the stories of your interest

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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