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Xiaomi Announces HK$2.5B Buyback Amid Stock Struggles

Xiaomi Announces HK$2.5B Buyback Amid Stock Struggles

Author:

Global Cryptocurrency

Published:

2026-01-23 13:09:01

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BTCCSquare news:

Xiaomi's shares climbed 2% on Friday following the announcement of a HK$2.5 billion ($321 million) share repurchase program. The MOVE aims to bolster investor confidence as the company navigates heightened competition and rising component costs in the electric vehicle and smartphone markets.

Despite the uptick, Xiaomi's stock remains down 10% year-to-date and has shed 38% over the past six months. This marks the latest in a series of buybacks executed under the company's repurchase authorization resolution.

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