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Xiaomi Corporation is a Chinese electronics company with headquarters in Beijing. The founder and CEO, Lei Jun has been at the helm of Xiaomi Inc. since its very beginning in 2011. It hit the spotlight with its smartphones but its range of products has spread across mobile apps, laptops, and related consumer electronics. It currently employs over 15,000 people over two continents and seven different countries. Xiaomi shares have been hitting the headlines since 9 July, when the tech giant held its IPO ceremony in Hong-Kong. The Chinese company had a weak debut but has since managed to regain terrain. Xiaomi’s IPO raised $4.7 billion in proceeds, making it the world’s most valuable IPO in tech since Alibaba’s back in 2014. Follow the live Xiaomi share price at Capital.com.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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