Shares of China's Xiaomi set to rise 2.3% after reporting record profitThe Hong Kong-listed shares of the world's third-largest smartphone maker, whose product lines also extend to cars, were set to open at HK$52.75.
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The logo of Xiaomi is seen
Credit: Reuters Photo
Hong Kong: Shares of China's Xiaomi were set to rise 2.3 per cent on Wednesday after it reported a record first-quarter revenue and profit and said its shift towards higher-end products from smartphones to home appliances was already paying off.
The Hong Kong-listed shares of the world's third-largest smartphone maker, whose product lines also extend to cars, were set to open at HK$52.75.