Reported 2 days ago
Xiaomi Corp. has initiated a significant share sale targeting up to $5.3 billion to fund its electric vehicle expansion. Offering 750 million shares at a discount to recent prices, the company is leveraging a surge in its stock value and heightened investor interest in Hong Kong's recovering market. This initiative aligns with Xiaomi's ambitious growth strategy following impressive revenue increases and plans to enhance its production capabilities.
Source: YAHOO