Two years on, Xiaomi’s market value shoots past its $100bn IPO target

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

South Africa News News

Chinese smartphone maker reported in November its fastest quarterly sales growth

Pedestrians walk past a logo at a Xiaomi store in Hong Kong. Picture: PAUL YEUNG/BLOOMBERG

The firm’s stock rallied as much as 9.1% on Wednesday to a new record in Hong Kong, making it the 13th stock in the city’s benchmark Hang Seng index to have a market capitalisation above $100bn.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

phanito_m

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines