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Xiaomi's return gives the capital market a new opportunity to revalue it
On July 10, Xiaomi celebrated its first trading day after its two-year anniversary, reaching HK$17 after half an hour of trading, returning to the stock issue price. This gives the capital market a new opportunity to revalue Xiaomi.
Since the first trading day of the year, Xiaomi's share price has risen by more than 50% in total, which is quite impressive by comparison. After all, Tencent is up more than 40% this year, and Alibaba is up just over 20%. Xiaomi's overall market capitalization now exceeds HK$400 billion.
And indeed, while the stock is just back to where it was, Xiaomi's business is no longer what it was when it first went public two years ago. Whether it's company volume, financial data, or business specific performance, Xiaomi has achieved self-improvement and has secured a leading position in the industry.
Lagging share price