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XIAOMI-W Slips 3% in Early Trading Despite Xiaomi 17 Launch & Plans to Pour Min. RMB50B into Chip Development
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XIAOMI-W (01810.HK) opened nearly 0.8% lower this morning (26th) and once bottomed at HKD57.6 in early trading. It last traded at HKD57.65, down 3.03%, with a trading volume of 61.6759 million shares, involving HKD3.595 billion. The Xiaomi 17 series phones were officially launched last night (25th). The Xiaomi 17 Pro series starts at RMB4,499, while the Xiaomi 17 Pro Max series, featuring a low-power screen with Super Pixel technology, starts at RMB5,999. Pre-orders are now available, and the sale will kick off at 10 a.m. tomorrow (27th). XIAOMI-W's founder, chairman, and CEO Lei Jun revealed at the launch event that the company, having been developing large chips since 2021, plans to invest at least ten years with a minimum investment of RMB50 billion in chip manufacturing. AAStocks Financial News |
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