Visitors walk past a Xiaomi logo at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS
HONG KONG, May 28 (Reuters) – Shares of China’s Xiaomi (1810.HK), were set to rise 2.3% 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.
Reporting By Donny Kwok and Anne Marie Roantree; Editing by Muralikumar Anantharaman