After being successfully listed on the Hong Kong Stock Exchange, Xiaomi has announced new plans, among them, is the expansion of operations in more countries including the US.
Senior Vice President at Xiaomi, Wang Xiang said, “We will accelerate our expansion in more markets around the world with our amazing products at honest prices, demonstrating our sincerity to our Mi Fans, employees and investors around the world!”
Company’s main focus is now on the US expansion and reports are coming that Xiaomi is looking to enter the US market by 2019.
A few days back Xiang confirmed this report in an interview given to Reuters. He said, “the US market was “very attractive” and the company is adding engineering resources to make its handsets compatible with US carriers. Next year we hope we can do something there,” the executive told the news agency.
Talking about Xiaomi’s trading in the Hong Kong Stock Exchange for which all the top officials were very excited, it did not end up well for the company on the first day as Xiaomi shares fell 1.2% to close at HK$16.80 ($2.14).
Xiaomi shares began trading at HK$16.60, down 2.4 per cent from the offer price ofHK$17, amid a rising market.