Xiaomi's market valuation crosses $100 billion mark: Report
Xiaomi's stock picked up as much as 9.1 percent on Wednesday at the Hong Kong stock exchange, making it as 13th stock in the city’s benchmark Hang Seng Index to have a market capitalisation above $100 billion.
December 23, 2020 / 04:39 PM IST
A man looks at a Xiaomi Tv at the Chinese technology company Xiaomi booth at the China National Convention Centre in Beijing on September 3, 2020.
(PC-AFP/Wang Zhao)
Chinese smartphone maker Xiaomi Corp.'s market value breached past the $100 billion mark on December 23, giving a reason for founder Lei Jun to rejoice. The Chinese firm has been looking to cross the figure since it listed two years ago.