Hong Kong Tech Stocks Rally with Xiaomi Surging Over 10% as New SU7 Model Secures 70,000 Orders

Deep News11:32

On May 4, leading technology and internet stocks in Hong Kong experienced volatile gains. Xiaomi Group rose more than 10%, while Ke Holdings advanced over 7%. Alibaba climbed more than 6%, with Baidu Group increasing over 5%. Kuaishou gained nearly 5%, and Meituan rose more than 3%.

In company-specific news, on May 1, Xiaomi Auto announced that its April deliveries exceeded 30,000 vehicles, marking a 50% month-over-month increase and setting a new annual growth record. Cumulative deliveries for the first four months of 2026 reached 109,000 units, representing an 11% year-over-year increase. On May 2, Lei Jun, founder, chairman, and CEO of Xiaomi, revealed that orders for the new-generation SU7 have surpassed 70,000 units.

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