Stock Jumps After Xiaomi Announced Plans for $1.5 Billion Buyback
Chinese smartphone maker Xiaomi Corp said it will buy back up to HK$12 billion worth of its shares. The decision comes after the company scrapped share offering in mainland China.
Mi Pay is launched in collaboration with China UnionPay.
Chinese smartphone maker Xiaomi Corp said it will buy back up to HK$12 billion worth of its shares. The decision comes after the company scrapped share offering in mainland China.
It has come to light that the world’s 4th largest smartphone manufacturer, Xiaomi, wants to enter the consumer lending business in the crowded Indian market in the coming weeks, recent news report.
Mi Pay is launched in collaboration with China UnionPay.