Xiaomi enters the US$100 billion club

Xiaomi’s stock price reached an all time high at HK$31.90, with its market value exceeding HK$775.6 billion officially propelling the company into the US$100 billion club, the company said on Wednesday. 

“Xiaomi’s upgraded “Smartphone x AIoT” strategy launched in 2020 continues to be recognized by the capital market. In Q3, Xiaomi’s global smartphone shipments reached 46.6 million units, placing the company among top three in the world; the number of connected IoT devices (excluding smartphones and laptops) on its AIoT platform reached a staggering 289 million, cementing Xiaomi’s position as the world’s leading consumer IoT platform. Since the beginning of the year, the price of Xiaomi stock has increased by more than 180%.”

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