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Xiaomi Corporation (1810.HK)

HKSE - HKSE Delayed Price. Currency in HKD
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15.200+0.180 (+1.20%)
As of 11:59AM HKT. Market open.
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Neutralpattern detected
Previous Close15.020
Open15.300
Bid15.180 x 0
Ask15.200 x 0
Day's Range14.940 - 15.360
52 Week Range8.280 - 17.500
Volume77,798,151
Avg. Volume199,842,143
Market Cap365.946B
Beta (5Y Monthly)0.98
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMay 20, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est17.65
  • Samsung crafts India comeback as anti-China wave surges
    Reuters

    Samsung crafts India comeback as anti-China wave surges

    Samsung Electronics Co Ltd is forging a comeback in India's smartphone market with a new range of budget devices and a ramped-up online presence, aiming to recoup ground ceded to Chinese rivals such as Xiaomi Corp. Samsung, the only major non-Chinese player in the country, has already begun to gain ground, and a surge in anti-China sentiment in India following a border clash in June is expected to provide a fresh boost. Samsung jumped to the No. 2 spot with 26% market share in the second quarter behind Xiaomi's 29%, according to tech researcher Counterpoint, as the South Korean company's diverse and inhouse supply chain helped it avoid product delays suffered by rivals during coronavirus lockdowns.

  • China Is Buying Up Chips Before Hong Kong Route Shuts
    Bloomberg

    China Is Buying Up Chips Before Hong Kong Route Shuts

    (Bloomberg) -- Chinese importers of computing chips are ramping up their purchases of equipment through Hong Kong, in the expectation that U.S. sanctions on the territory will soon make the trade much harder.Re-exports of semiconductors through Hong Kong to the mainland jumped by 11% in the first half of the year from the same period in 2019, almost double the increase in total chip purchases, according to Bloomberg calculations using official data. Re-exports rose by 21% in June alone. The Hong Kong trade represents more than 38% of China’s total chip imports on average.In the wake of Beijing’s imposition of a national security law on the Asian financial hub, the U.S. government has revoked the special trading status that eased commerce in sensitive goods including some computer chips. For buyers like Huawei Technologies Co., Xiaomi Corp. or Lenovo Group, a worst-case scenario would entail severe supply bottlenecks.“Chinese customers are willing to buy more before the actual effective day of the sanction,” according to Victor Choi, chairman of Hong Kong Electronics & Technologies Association, who estimates there are 300 or so firms which specialize in the trade. “They are placing more orders for those items than before.”Huawei has sought to reassure customers that its chip supply remains intact despite growing U.S. restrictions. China’s largest tech company has stockpiled enough inventory to tide them over short-term disruptions, even as it rapidly accelerates in-house development of alternatives to American silicon. But Washington’s sanctions mean that cache may eventually run out.Chinese firms have in general been hoarding chips for fear of further supply chain shocks, and the Hong Kong pipeline is a key source, based on the data.Hong Kong has long served as a tech conduit to China partly due to its low-tax status and open financial system. The special trading status also meant firms there were more likely to get export licenses than buyers across the border.Drastic ChangeThe removal of Hong Kong’s special status would “drastically change” how the global semiconductor industry operates, industrial research firm TrendForce warned in a report earlier this month.Broader U.S. sanctions on Hong Kong and China will shift the semiconductor warehousing business out of Hong Kong to a different Asian trans-shipment hub in a worst-case scenario, said Rory Green, an economist at TS Lombard. Yet, “the result for China tech industry is higher fees reflecting greater transaction costs but not a death blow.”Choi also noted that some trading companies in Hong Kong are thinking about setting up new sales offices in India, Vietnam or Cambodia to continue selling to Chinese customers. The costs will go up with such relocations, he said.The new rules could be “a key bottleneck for China,” according to Natixis economists Alicia Garcia Herrero and Gary Ng. “An important risk to watch is whether Hong Kong’s new status with the U.S.” will encourage American allies to follow suit.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Indian Tech Moguls Urge Modi To Be Tougher on Chinese Rivals
    Bloomberg

    Indian Tech Moguls Urge Modi To Be Tougher on Chinese Rivals

    (Bloomberg) -- Leaders in India’s technology industry are urging the country to go even further to protect the interests of local companies against foreign rivals, or risk ceding the world’s fastest growing internet arena to Chinese and American monopolies.Narendra Modi’s administration this month banned 59 Chinese apps in the country, including ByteDance Ltd.’s short-video hit TikTok, a dramatic policy shift aimed at improving local control and data security. In separate interviews, Policybazaar co-founder Yashish Dahiya -- whose company is backed by Tencent Holdings Ltd. -- and MobiKwik frontman Bipin Preet Singh urged Modi to go further. Emboldened by growing hostility against its giant neighbor, they want regulators to curb their access to Indian markets, establish rules to wrest back control of user data and bankroll local startups.“China has long been the bratty kid who thinks it’s OK to grab others’ cake without sharing your own,” Dahiya told Bloomberg News last week. India must strategically reduce market access before its neighbor becomes even more powerful. “If India doesn’t do it now, it can never be done,” said Dahiya, whose online insurance service targets a 2021 IPO at a $3.5 billion value.Dahiya and Singh are breaking with tradition in an Indian startup sector that over the past half-decade has attracted billions from Chinese companies and investment houses from Alibaba Group Holding Ltd. to Hillhouse Capital. Their stance reflects a shift in sentiment after a mid-June Himalayan border clash left 20 soldiers dead -- but also a wave of techno-nationalism as the coronavirus pummels global economies. It coincides with a surge of interest from American giants like Facebook Inc. and Google as India’s nascent digital economy blossoms.“It’s not an easy position to take,” said Dahiya, whose Policybazaar is now trying to raise $250 million of pre-IPO financing. “A sovereign nation has no parent but someone’s got to stop China from misbehaving.”On Tuesday, an official with China’s Indian embassy said Beijing will take “necessary measures” to protect the country’s companies from a ban that threatens their legitimate rights, and urged Modi’s government to reverse “wrongdoings.”Before TikTok overtook YouTube to become India’s most popular social video platform, the dominance of WhatsApp and Amazon.com Inc. and Walmart Inc. in e-commerce had already rankled local businesses. Beijing is now the bigger target, as the world polarizes along U.S.-China lines and American-backed local champions such as Mukesh Ambani’s Jio Platforms emerge. The influx of American investment sets up a potential clash with China’s own internet titans in the future -- provided they’re allowed to operate in the country.That, along with trade barriers erected in just past weeks, may have fired up the entrepreneurs. The government should identify strategic sectors and nurture local startups, MobiKwik’s Singh advocated.“The China versus U.S. battleground is neither China nor the U.S., but India,” said Singh, whose Sequoia Capital-backed payments startup competes with both Google Pay and Alibaba-backed Paytm.“If India’s entire 1.3 billion population is served only by foreign companies, how can that be a good thing?” he said in a telephone interview from his base in New Delhi. “Yet India doesn’t have a single technology giant, it’s become a growth engine for global companies. What is India doing wrong?”Read more: India Builds Trade Barriers With China Amid Border RowIndia’s unprecedented apps ban thwarted the global ambitions of China’s technology giants just as the spotlight is turning on the world’s largest untapped digital frontier. ByteDance and other targeted companies have since attempted negotiations with New Delhi, but they’ll have to contend with more than mere legal obligations.India’s roaring digital economy, with half a billion users and growing, is witnessing pitched battles in everything from online retail and content streaming to messaging and digital payments -- but largely between deep-pocketed foreign corporations. That’s coincided with growth tapering off at Infosys Ltd. and Tata Consultancy Services Ltd., which put India’s tech sector on the map but are now grappling with a fundamental shift to the cloud.While India has attracted over $20 billion in just past months from American giants like Google and Facebook, China has over the years carved out a significant role in India’s tech industry, according to Mumbai-based think-tank Gateway House. Eighteen of India’s 30 unicorns are Chinese-funded, researchers Amit Bhandari, Blaise Fernandes and Aashna Agarwal said in a report. Apart from TikTok, smartphone brands like leader Xiaomi Corp. and Oppo have cornered three-quarters of the market. Firms like Qiming Venture Partners nearly doubled Chinese investments in Indian startups to $3.9 billion in 2019, according to the Economic Times.“I’m not advocating a closed or protectionist environment like China’s, but India needs local champions and also needs to safeguard its data and security,” Singh said. “We need competition, we need choices. But we can’t have a situation where there’s no Indian player in entire segments from search to messaging, social media, ecommerce and payments.”Read more: World Economy’s Sputtering Recovery Threatened by Flaring VirusModi’s government has already set things in motion. It drafted an e-commerce policy that openly champions aid for local startups and oversight on how foreign companies handle data. A government panel recommended a data regulator to oversee monetization and privacy of user information to ensure “maximum social and economic benefits” for Indians. Local startups are enjoying something of a renaissance: TikTok-a-like Roposo is signing up half a million new users an hour.But more is needed, Singh said. The system remains stacked against the hundreds of thousands of would-be entrepreneurs who have to take on global behemoths. The government could limit the influence of foreign capital as it has done in sectors like banking, he added.MobiKwik has “raised $100 million so far and is taking on companies with a collective market value of over $2 trillion,” he said. “We are doing injustice to our entrepreneurs if we stack them against dollars and yuans in every single segment.”(Updates with progress of the ban in the 11th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.