Xiaomi's great change: share price breaking, Lei Jun leaving?
In 2022, the share price of $XIAOMI-W(01810)$ has fallen below the issue price of HK $17, and there are more problems:
- Global sales fell to third place, overtaken by $Apple(AAPL)$
- Two vice presidents of the group, Chang Cheng and Shang Jin, left for personal reasons.
- Lei Jun, founder of Xiaomi group, withdrew from relevant positions in several affiliated companies since December last year.
Investors ran to Lei Jun's $Weibo(WB)$ and cried:
"Lei Zong, Xiaomi's share price should be supported! I lost 400,000 ¥, bought a bunch of millet products to support, but the share price fell all the way...😱
On January 28, Lei Jun responded to his resignation remarks, saying:
Xiaomi Group has many subsidiaries, and the adjustment of the board of directors and legal representatives of subsidiaries is very normal, so you need not misunderstand.
Some people think
Lei Jun said, Xiaomi Automobile is its last venture Since it is a business, it is necessary to invest all the time and energy. If Xiaomi automobile can succeed, the dual business of mobile phone + electric vehicle is definitely more than this market value.
......
Finally, let's talk:
- What do you think of Xiaomi breaking again?
- Will you buy Xiaomi's stock?
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Overall, i think it will not be going any lower nor higher, will wait for something to induce the momentum.
I think its business is not doing that well from what I analyst from its report.
Still got the US-China tension thing [Speechless]
Well,maybe China gov. will help?