Xiaomi’s Soaring Strategy: Shares Set to Rise After Record Profit
Chinese tech giant Xiaomi Corporation is poised for a 2.3% rise in its share price following record-breaking revenue and profit in the first quarter, according to a Reuters report.
The world’s third-largest smartphone manufacturer announced that its gradual pivot toward high-end products, including premium smartphones and household appliances, is beginning to pay off.
Xiaomi’s shares are set to open at HK$52.75 on the Hong Kong Stock Exchange. The company has also recently expanded into the electric vehicle sector.
The news has sparked a positive response among investors, signaling growing confidence in Xiaomi’s future growth trajectory.
