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Chinese smartphone giant Xiaomi to raise up to $5.3b from share sale

Chinese smartphone giant Xiaomi to raise up to $5.3b from share sale

Xiaomi's first electric vehicle SU7 is displayed at a showroom of a newly opened Xiaomi store in Beijing, China March 25, 2024. REUTERS/Tingshu Wang/File Photo

Reuters

24 March, 2025

Chinese smartphone and EV maker Xiaomi Corp is raising up to $5.27 billion in a top-up placement on Monday, according to a term sheet seen by Reuters.

Xiaomi

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