xiaomi stock

Stock Jumps After Xiaomi Announced Plans for $1.5 Billion Buyback

Photo: Xiaomi / Facebook The stock of the Chinese smartphone maker Xiaomi Corp seems to be answering to news of the buyback, its biggest, by climbing nearly 7%. Last week the company announced an HK$12 billion (US$1.53 billion) share buyback plan in a reversal of its cash-management strategy that is aimed at boosting its floundering...
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