XIACF - Xiaomi Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
1.1500
+0.0100 (+0.88%)
At close: 2:04PM EDT
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Previous Close1.1400
Open1.1500
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range1.1400 - 1.1500
52 Week Range1.0800 - 1.9400
Volume453,032
Avg. Volume247,875
Market Cap27.237B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.1820
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • The Xiaomi (HKG:1810) Share Price Is Down 28% So Some Shareholders Are Getting Worried
    Simply Wall St.

    The Xiaomi (HKG:1810) Share Price Is Down 28% So Some Shareholders Are Getting Worried

    Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. While...

  • China's Xiaomi says plans to launch more than 10 5G phones next year
    Reuters

    China's Xiaomi says plans to launch more than 10 5G phones next year

    Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on Sunday, speaking at the World Internet conference in the eastern Chinese town of Wuzhen. According to Lei, demand for the phone exceeded the company’s expectations and led to supply chain issues. “People in the industry fear that next year 4G models won’t sell, this is a step you have no choice but to take,” Lei said.

  • Reuters

    RPT-Xiaomi says widening India product range to shed budget image

    China's Xiaomi Corp is shedding its image as a budget brand by widening its India product portfolio to include pricier, high-spec smartphones and smart TVs, a senior company executive said on Monday. Xiaomi, which began selling devices in India in 2014, has outflanked South Korea's Samsung Electronics as India's top smartphone player, according to tech research firm Counterpoint.

  • Xiaomi says widening India product range to shed budget image
    Reuters

    Xiaomi says widening India product range to shed budget image

    China's Xiaomi Corp is shedding its image as a budget brand by widening its India product portfolio to include pricier, high-spec smartphones and smart TVs, a senior company executive said on Monday. Xiaomi, which began selling devices in India in 2014, has outflanked South Korea's Samsung Electronics as India's top smartphone player, according to tech research firm Counterpoint.

  • Ant Financial Seeks Loan Up to $3.5 Billion at Lower Rate
    Bloomberg

    Ant Financial Seeks Loan Up to $3.5 Billion at Lower Rate

    (Bloomberg) -- Ant Financial Services Group is seeking a syndicated loan of up to $3.5 billion at a lower rate, joining other Chinese technology giants in their bid to slash debt costs.The company is in talks with lenders for a $2.5 billion financing that comes with a $1 billion greenshoe option, according to people familiar with the matter. The price talk for the three-year loan margin is less than 100 basis points over Libor, said the people, who are not authorized to speak publicly and asked not to be identified. The company didn’t immediately respond to emailed requests for comment.Billionaire Jack Ma’s Ant Financial last came to the syndicated loan market in 2017, raising a $3.5 billion three-year facility that pays a margin of 135 basis points over Libor, according to Bloomberg data. The latest funding plan comes amid a refinancing spree for Asian tech firms as they take advantage of abundant liquidity from lenders in the wake of fewer loan deals in the region.Smartphone maker Xiaomi Corp. is in talks for a $1 billion refinancing at its lowest rate after Chinese social media giant Tencent Holdings Ltd. clinched its biggest and cheapest dollar-based facility in August. Ant Financial’s affiliate Alibaba Group Holding Ltd. completed an amendment and extension of its $4 billion loan in May.Ant’s new loan, if completed, will be used for general corporate purposes, the people said. The company is formally known as Zhejiang Ant Small & Micro Financial Services Group Co.\--With assistance from Apple Lam and Carol Zhong.To contact the reporters on this story: Annie Lee in Hong Kong at olee42@bloomberg.net;Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Neha D'silva at ndsilva1@bloomberg.net, Chan Tien HinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The World’s Top Five Smartphone Companies
    Market Realist

    The World’s Top Five Smartphone Companies

    Although smartphone companies expect to sell 1.5 billion devices in 2019, a handful of players dominate the global smartphone industry.

  • Top Tech Investor Bets India Corner Shops Can Fight Amazon
    Bloomberg

    Top Tech Investor Bets India Corner Shops Can Fight Amazon

    (Bloomberg) -- One of the most successful Silicon Valley-Asia venture capital firms is counting on the humble mom-and-pop store that dominates India’s retail landscape to hold its own against Amazon.com Inc. and Walmart Inc.Menlo Park, California-based GGV Capital, a $6.2 billion investor in some of the biggest unicorns in the U.S. and China including Airbnb, Xiaomi Corp., and Slack Technologies Inc., is backing startups that serve the tiny, family-run businesses known as kiranas.“It’s all about powering the little guys,” said Hans Tung, managing partner, in a recent joint interview with fellow investor Jixun Foo in Bangalore, where the duo was meeting a dozen entrepreneurs. “We’re backing startups that provide technology and working capital to make kiranas more efficient, so that these mom-and-pops can become e-commerce and lending enablers in their communities,” Tung added.From the poshest neighborhoods to teeming slums, typical Indian kiranas are cramped spaces that can just about fit a king-size bed but are chock-full of sacks of rice, lentils and dried chili peppers. Their floor-to-ceiling shelves are stacked with toothpaste and cooking oil, and their shopfronts festooned with colorful bags of potato chips, tiny sachets of shampoo and pickles. With their personalized service, the stores usually offer door-step delivery and interest-free credit.GGV, which has focused almost exclusively on China and the U.S. for two decades, is bullish about India. “We are seeing the same movie played out a little differently in emerging economies,” said Tung. “India can be very big over the next 10 years.” As much as 20% of the $1.9 billion fund raised by the VC firm last year will be allocated to India as well as Southeast Asia.India has the market size and talent pool to make things happen and now investors are lining up with capital, said Foo. GGV Capital will write $5-10 million in checks in the case of very early-stage entrepreneurs and $50 million checks for later-stage startups, he said.The firm has built an investment strategy around kiranas based on the premise it’s better to play with a model that already exists rather than building new supply chains that could take as long as a decade to materialize. GGV’s first such investment amounting “to tens of millions of dollars” is in Udaan, a Bangalore-based B2B marketplace for small businesses, the partners said. More recently, GGV has put money in Khatabook, a mobile app that’s a digital version of the bahi khata, or the hand-written ledger that owners of tiny businesses traditionally use to keep track of daily accounts. It’s an earlier-stage bet so the investment is “lower”, Tung said.Large global investors like Tiger Global Management, Lightspeed Venture Partners and even consumer giant Unilever’s investing arm are backing technology startups that serve kiranas but GGV Capital is the first to crystallize a proposition that goes beyond India to include the neighborhood-store equivalents of kiranas in Indonesia, Vietnam and Latin America.“Across these countries, the value of the average online order is still low and the cost of last mile logistics is very high,” said Foo. “Entrepreneurs are finding a different way by empowering the mom and pops and that can get e-commerce going.”In India, even the biggest conglomerates including Tata and Reliance have been unable to diminish kiranas’ dominance while newer online retail entrants Amazon and Walmart-owned Flipkart are trying to embrace them, using the shops to facilitate deliveries or offer assistance to customers going online for the first time. Reliance has already said it will equip kiranas with technology as part of its online-offline e-commerce model.GGV also sees the neighborhood stores as more than a place to shop. “If you power them up and earn their trust, they can be the place to serve the community far beyond just groceries and daily necessities,” said Tung.To contact the reporter on this story: Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • South China Morning Post

    Xiaomi, Tencent hit as Hong Kong stocks, weighed down by Trump impeachment inquiry, fall to biggest daily decline in a month

    Risk-off sentiment prevailed in the Hong Kong and mainland China stock markets on Wednesday, following news overnight of an impeachment inquiry against US President Donald Trump, leading to the Hang Seng's biggest daily decline in a month.The Hong Kong benchmark closed 1.28 per cent lower at 25,945.35, dragged down by a broad decline across sectors " the usually safe health care stocks and technology shares were among the biggest losers. Wednesday's drop was the index's biggest since August 26 this year, when it fell by 1.9 per cent.Index heavyweight Sino Biopharmaceutical Limited plunged by 5.3 per cent to HK$9.9, while CSPC Pharmaceutical Group lost 3.8 per cent to HK$15.6.The declines came as analysts at Moody's Investor Service said on Wednesday China's ongoing reform of bulk purchase of drugs will boost sales of drug makers, but might squeeze their profits as competition to be included in a purchase list could lead to a price war.Among the technology heavyweights to decline on Wednesday were Xiaomi, the world's fourth-largest smartphone maker, as well as Apple supplier AAC Technologies, which dropped 4.4 per cent to HK$8.9 and 3.5 per cent to HK$41.8, respectively. Chinese social media and gaming giant Tencent Holdings was another casualty, dropping 2.1 per cent to HK$328.6."The [Trump] impeachment hearing certainly brings a negative flow of news headlines. But we do not expect it to introduce a fundamental change to the Hong Kong market," said Kevin Leung, executive director of investment strategy at Haitong International Securities.He said profit taking had continued for about two weeks after the Hang Seng Index hit the 27,000 level, and suggested investors avoid sectors more closely related to the trade talks, such as technology and manufacturing. Defensive sectors included health care, mainland consumption and education, he said."If there can be any uptick catalyst to push the market higher, it could be consumer data related to the mainland October Golden Week," he added.Analysts at RBC Capital Markets called the impeachment inquiry, announced by House Speaker Nancy Pelosi, "a small step", but one that had triggered a sell-off in risk assets and the US dollar."We would note that this is only a small step on the road to impeachment, which would ultimately require a 2/3 majority in the Republican-controlled senate and that it is not clear yet whether the House will vote to endorse the inquiry ... leading to charges against Trump," they said in a note on Wednesday.In mainland China, the benchmark Shanghai Composite Index closed 1 per cent down at 2,955.4. The Shenzhen Component Index dropped 1.4 per cent to 9671.1 and the technology-heavy ChiNext fell1.3 per cent to 1672.7. The banking sector held out above water, while telecommunications, electronics and equipment makers led the declines.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.

  • Xiaomi Is Said to Seek $1 Billion Loan at Cheapest Rate Ever
    Bloomberg

    Xiaomi Is Said to Seek $1 Billion Loan at Cheapest Rate Ever

    (Bloomberg) -- Xiaomi Corp. is returning to the loan market after a two-year absence with a $1 billion refinancing facility.The Chinese smartphone maker is in early discussions with lenders for a five-year bullet club loan at an all-in rate of low to mid 100 basis points area over Libor, according to people familiar with the matter. That could mark Xiaomi’s cheapest loan in the market with its longest tenor, according to Bloomberg-compiled data. A Xiaomi representative declined to comment when contacted by Bloomberg.Some of the bigger borrowers in the region are benefiting from lower costs thanks to ample liquidity in the loan market amid a 13% slump in volume so far this year. Last month, Chinese social media giant Tencent Holdings Ltd. clinched its biggest and cheapest ever dollar-based facility.The refinancing facility comes as Xiaomi faces earnings headwinds amid a slowing Chinese economy worsened by the U.S.-China trade war. The company announced plans earlier this month to spend as much as HK$12 billion ($1.5 billion) buying back its own stock.The latest loan is expected to be borrowed via Xiaomi Best Time International Ltd., and guaranteed by Xiaomi Corp., said the people, who aren’t authorized to speak publicly and asked not to be identified. It last came to the loan market in 2017 with a three-year facility of similar size.The loan then was secured at an all-in pricing of 250 to 260 basis points via margin of 215 basis points over Libor. Xiaomi sought lenders’ consent in August last year to slash the margin of the loan by 60 basis points to 155 basis points over Libor.\--With assistance from Carol Zhong and Gao Yuan.To contact the reporter on this story: Annie Lee in Hong Kong at olee42@bloomberg.netTo contact the editors responsible for this story: Neha D'silva at ndsilva1@bloomberg.net, Chan Tien HinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Xiaomi has shipped 100 million smartphones in India
    TechCrunch

    Xiaomi has shipped 100 million smartphones in India

    Xiaomi said on Friday it has shipped more than 100 million smartphones inIndia, its most important market, since beginning operations in the nationfive years ago

  • Xiaomi plans $1.5 billion buyback to arrest stock tumble
    Reuters

    Xiaomi plans $1.5 billion buyback to arrest stock tumble

    Chinese smartphone maker Xiaomi Corp announced a HK$12 billion ($1.53 billion) share buyback plan on Tuesday, in a reversal of its cash-management strategy that is aimed at boosting its floundering stock. Shares of Xiaomi, which listed in Hong Kong last year, have lost nearly a third of their value this year and are at half their initial public offering price, hurt by the company's sharply slowing growth and increased competition. The stock has also been hit by losses at the Hong Kong stock market, which has plunged since massive anti-government protests started in the city in June.

  • China's Xiaomi plans $1.5 billion buyback to arrest stock tumble
    Reuters

    China's Xiaomi plans $1.5 billion buyback to arrest stock tumble

    Chinese smartphone maker Xiaomi Corp announced a HK$12 billion ($1.53 billion) share buyback plan on Tuesday, in a reversal of its cash-management strategy that is aimed at boosting its floundering stock. Shares of Xiaomi, which listed in Hong Kong last year, have lost nearly a third of their value this year and are at half their initial public offering price, hurt by the company's sharply slowing growth and increased competition. The stock has also been hit by losses at the Hong Kong stock market, which has plunged since massive anti-government protests started in the city in June.

  • China's Xiaomi ditches mainland share offering plan
    Reuters

    China's Xiaomi ditches mainland share offering plan

    Chinese smartphone maker Xiaomi Corp said on Friday it had scrapped a mainland share offering plan in order to focus on its business development. The company filed an application for a public offering of China depositary receipts (CDRs) in mainland China on June 2018. Reuters reported that month that Xiaomi had decided to delay the offering until after its shares debuted in Hong Kong.

  • Xiaomi banks on phone data for finance play in India
    Reuters

    Xiaomi banks on phone data for finance play in India

    JAKARTA/MUMBAI (Reuters) - China's Xiaomi is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable challenges. Xiaomi is betting it can leverage its number one position in India's smartphone market to tap into the country's lucrative but crowded financial services sector.

  • Viomi Technology Co., Ltd (VIOT) Q2 2019 Earnings Call Transcript
    Motley Fool

    Viomi Technology Co., Ltd (VIOT) Q2 2019 Earnings Call Transcript

    VIOT earnings call for the period ending July 31, 2019.

  • Xiaomi launches Mi A3 Android One smartphone with 48MP rear camera in India for $181
    TechCrunch

    Xiaomi launches Mi A3 Android One smartphone with 48MP rear camera in India for $181

    Google has found a committed Android One partner in Xiaomi . The Chinese electronics giant today launched in India the Mi A3 (its third Android One smartphone in recent years) as the company looks to expand its handset offering in its most important market. The Mi A3 features mid to high-end hardware modules and follows Xiaomi's tradition of punching above its price class.

  • Smartphone maker Xiaomi plans $1.5b buyback
    Yahoo Finance Video

    Smartphone maker Xiaomi plans $1.5b buyback

    Chinese smartphone maker Xiaomi has announced a share buyback plan today equal to about $1.5 billion dollars. Once one of the top three most valuable unicorns before its IPO last year, it has since lost nearly a third of its value. Yahoo Finance’s Dan Roberts, Scott Gamm and Anjalee Khemlani discuss.

  • Will Take Xiaomi a Few Quarters to Turn the Corner, Says Blue Lotus’s CEO
    Bloomberg

    Will Take Xiaomi a Few Quarters to Turn the Corner, Says Blue Lotus’s CEO

    Aug.20 -- Eric Wen, founder and chief executive officer at Blue Lotus Capital Advisors, discusses Xiaomi’s 2Q earnings and where he sees the company heading. He speaks on “Bloomberg Daybreak: Asia.”

  • Xiaomi Misses on China's Slowdown, Huawei Competition
    Bloomberg

    Xiaomi Misses on China's Slowdown, Huawei Competition

    Aug.20 -- Xiaomi Corp.’s profit missed estimates after a slowing Chinese economy depressed smartphone demand and curbed efforts to sell more online services from games to music. Bloomberg's Selina Wang has the story.