Xiaomi announces HK$2.5 billion buyback as competition and cost pressures weigh on stock

Jan 23, 2026 - 15:02
Xiaomi announces HK$2.5 billion buyback as competition and cost pressures weigh on stock
Chinese tech giant Xiaomi saw its shares pop in trading on Friday after it announced a stock buyback program worth up to HK$2.5 billion ($321 million).