China's Xiaomi jumps on topping Apple as No.2 smartphone maker

Reuters2021-07-16

** Shares of Chinese smartphone maker Xiaomi Corp rise as much as 6.3% to HK$28.65, on course for their biggest daily rise since March 16

** Stocks hit the highest since June 18 and biggest percentage gainer on both the benchmark Hang Seng Index and Hang Seng Tech Index

** Beijing-based Xiaomi overtook Apple Inc in the second quarter to become the world's No. 2 smartphone maker, market research firm Canalys said in a report

** Xiaomi took the second spot for the first time with 17% share of worldwide smartphone shipments, up 3% from the previous quarter, the research firm said

** The Hong Kong Hang Seng sub-index tracking information technology firms edges down 0.1%, the Hang Seng Tech Index slips 0.7%

** The Hang Seng China Enterprises Index eases 0.2% while the benchmark index gains 0.2%

** As of last close, the stock had fallen 18.8% this year

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Comments

  • koolgal
    2021-07-18
    koolgal
    Great news for Xiaomi investors!   Xiaomi is powering its way to new heights and success despite fierce competition.  Watch out Apple! 
  • fionacheng
    2021-07-16
    fionacheng
    ?
  • Yokeeeee
    2021-07-16
    Yokeeeee
    Nice
  • NP_YT
    2021-07-16
    NP_YT
    Wow, keep it up!
  • Charles85
    2021-07-16
    Charles85
    Like and comment please 
  • Dollarvan
    2021-07-16
    Dollarvan
    Pls like
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