Xiaomi Corporation Class B (HKEX:1810) saw shares slip after unveiling lower‑priced SkyNomad SUVs that raised margin concerns even as the company repurchased 1.7M Type B shares for HK$50M, raised select phone prices and prepares to launch the Redmi Note 17 in India.
Previous Week Recap
- Xiaomi Class B Plunged; Prices, Margin Pressure: Xiaomi Class B (1810) plunged about 6.9% to HK$28.90 after unveiling SkyNomad SUVs priced at ¥299,900 (N90) and ¥259,900 (N70); analysts flagged lower-than-expected prices and margin pressure
- Xiaomi Class B Repurchased Shares: Xiaomi Class B (1810) repurchased 1.7M Type B shares on July 31 for HK$50M, per HKEX filing showing shares, date and total paid.
- Xiaomi Class B Price Hike: Aug 2: Xiaomi Corp Class B (1810) raised Xiaomi 17 series prices by ¥300–500 and REDMI K90 and Turbo 5 by ~¥300 on its official store after prior price-change reports.
- Xiaomi Redmi Note 17 India Launch: Xiaomi (1810) to launch Redmi Note 17 in India Aug 6. Specs: 7" FHD+ OLED 120Hz, 8000mAh battery with 45W charge, Snapdragon 4 Gen 4, 50MP rear, 5G, up to 256GB.
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