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.
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%.
As we reach this important milestone as a company, we’re reminded it is all made possible thanks to our Mi Fans’ support and trust in our vision of innovation for everyone. Xiaomi will continue to relentlessly provide amazing products at honest prices so that everyone can enjoy better life through the most up-to-date technologies. We will also continue to lead the industry with original innovations and focus on surprising and being friends with our users.
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