China Mobile & Electric Car Company $172 Billion Xiaomi to Raise $5.27 Billion in Share Sale Representing 4.2% to 7.4% Discount (24/3/25: HKD 57), Founded in 2010 by Lei Jun, Lin Bin, Li Wanqiang, Wong Jiangji, Liu De, Zhou Guangping, Hong Feng & Wang Chuan, IPO in Hong Kong in 2018 & Launched Electric Car in 2024
25th March 2025 | Hong Kong
China mobile & electric car company Xiaomi ($172 billion market value) is raising $5.27 billion in share sale representing a 4.2% to 7.4% discount (24/3/25: HKD 57). Xiaomi was founded in 2010 by Lei Jun, Lin Bin, Li Wanqiang, Wong Jiangji, Liu De, Zhou Guangping, Hong Feng & Wang Chuan. Xiaomi IPO in Hong Kong in 2018, and launched Xiaomi electric car in 2024. Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core. Embracing our vision of “Make friends with users and be the coolest company in the users’ hearts”, Xiaomi continuously pursues innovations, high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology. Xiaomi is one of the world’s leading smartphone companies. In September 2024, the MAU reached approximately 685.8 million globally. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, reached approximately 861.4 million smart devices connected to its platform (excluding smartphones, laptops and tablets) as of September 30, 2024. In October 2023, Xiaomi upgraded its strategy to “Human × Car × Home” smart ecosystem, seamlessly merges personal devices, smart home products, and cars. Xiaomi always centers on humanity and is committed to providing comprehensive, better connected experiences. Xiaomi products are present in more than 100 countries and regions around the world. In August 2024, Xiaomi was included in the Fortune Global 500 list for the sixth year in a row. Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.
“ China Mobile & Electric Car Company $172 Billion Xiaomi to Raise $5.27 Billion in Share Sale Representing 4.2% to 7.4% Discount (24/3/25: HKD 57), Founded in 2010 by Lei Jun, Lin Bin, Li Wanqiang, Wong Jiangji, Liu De, Zhou Guangping, Hong Feng & Wang Chuan, IPO in Hong Kong in 2018 & Launched Electric Car in 2024 “
China Mobile & Electric Car Company $172 Billion Xiaomi to Raise $5.27 Billion in Share Sale Representing 4.2% to 7.4% Discount (24/3/25: HKD 57), Founded in 2010 by Lei Jun, Lin Bin, Li Wanqiang, Wong Jiangji, Liu De, Zhou Guangping, Hong Feng & Wang Chuan, IPO in Hong Kong in 2018 & Launched Electric Car in 2024
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