U.S. Proposal Targeting Xiaomi Likely to Have Limited Effect, Citi Says -- Market Talk

Dow Jones12-22 12:32

0432 GMT - The potential impact of U.S. lawmakers targeting Xiaomi over alleged military links is likely to be limited, according to Citi analysts in a research note. Media reports say nine U.S. Republican lawmakers have sent a letter urging the U.S. defense secretary to add more than a dozen Chinese technology firms, including Xiaomi, to a list of companies alleged to have ties to the Chinese military. "We note this is just a proposal from some legislators," the analysts say. Xiaomi doesn't have business operations in the U.S., meaning it would be little affected by any potential inclusion, they add. The analysts maintain a buy rating on the stock with a target price of HK$50.00. Shares last traded at HK$39.68. (tracy.qu@wsj.com)

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December 21, 2025 23:32 ET (04:32 GMT)

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