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Xiaomi CEO Looks Past Selloff to 5G-Led China Phone Revival

The Chinese devices maker is now focusing on pushing upmarket while expanding into Europe, forgoing the U.S., Chief Executive Officer Lei Jun told Bloomberg Television. On Thursday, Xiaomi announced plans to give its bargain “Redmi” label more prominence so it can begin to raise prices and specs on its flagship Mi gadgets.
Tags: Europe, Science, Lei Jun, Bloomberg Television


Xiaomi CEO Looks Past Selloff to 5G-Led China Smartphone Revival

The Chinese devices maker is now focusing on pushing upmarket while expanding into Europe, forgoing the U.S., Chief Executive Officer Lei Jun told Bloomberg Television. On Thursday, Xiaomi announced plans to give its bargain “Redmi” label more prominence so it can begin to raise prices and specs on its flagship Mi gadgets.
Tags: Europe, Science, Lei Jun, Bloomberg Television


Xiaomi Sinks After Billions of Shares Are Unlocked for Sale

It’s been painful: Xiaomi has dropped to HK$10.58 from a listing price of HK$17, falling another 4.7 percent by 1:17 p.m. local time. More than 3 billion shares were unlocked, equal to about 19 percent of those outstanding, according to data compiled by Bloomberg. The lockup period for controlling shareholders -- such as chairman and founder Lei Jun -- was extended Wednesday for another 365 days, Xiaomi said in a statement.
Tags: Science, Bloomberg, Xiaomi, Lei Jun


Xiaomi Plunges After Billions of Shares Are Unlocked for Sale

It’s been painful: Xiaomi has dropped to HK$10.50 from a listing price of HK$17, sinking another 5.4 percent Wednesday in early trading. More than 3 billion shares were unlocked, equal to about 19 percent of those outstanding, according to data compiled by Bloomberg. The lockup period for controlling shareholders -- such as chairman and founder Lei Jun -- was extended Wednesday for another 365 days, Xiaomi said in a statement.
Tags: Science, Bloomberg, Xiaomi, Lei Jun



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