Xiaomi to Buy Back Shares Worth $1.5 Billion
"Xiaomi has announced that it will buy back its shares worth $1.5 billion. The buyback plan comes as the company has lost nearly a third of its value since it started trading on the Hong Kong stock exchange. This move by Xiaomi will help investors gain confidence and stabilize its stock price. The slowing smartphone market and Xiaomi's position in its home market, China, are some of the main concerns resulting in the company’s valuation. " - Shobhit Srivastava
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Sep 3, 2019
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