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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Connect  >  Xiaomi Corp    1810   KYG9830T1067

XIAOMI CORP

(1810)
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Xiaomi to Invest $7.18 Billion in New Technology in Five Years

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01/02/2020 | 04:30am EST

By Yifan Wang

Xiaomi Corp. (1810.HK) plans to invest at least 50 billion yuan ($7.18 billion) in 5G, artificial intelligence and the internet of things over the next five years, as global technology firms race to carve shares in these fast-growing markets.

The world's fourth-largest smartphone maker by shipments will seek to "completely cement the champion status" in these nascent fields, founder and chief executive Lei Jun said in a letter posted on the company's Weibo account.

The pledge is a step-up from Xiaomi's investment plan announced in early 2019, when it vowed to pour CNY10 billion into new technologies within five years.

The handset maker has been rapidly expanding in the smart home appliances sector with products ranging from robot vacuums to rice-cookers.

Write to Yifan Wang at yifan.wang@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
ROUGH RICE FUTURES (ZR) - CBE (ELECTRONIC)/C1 -0.30% 13.395 End-of-day quote.2.28%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.21% 7.03745 Delayed Quote.1.34%
WEIBO CORPORATION -1.03% 43.28 Delayed Quote.-6.62%
XIAOMI CORP -1.40% 12.72 End-of-day quote.-1.24%
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Financials (CNY)
Sales 2019 205 B
EBIT 2019 10 886 M
Net income 2019 9 685 M
Finance 2019 32 306 M
Yield 2019 -
P/E ratio 2019 27,8x
P/E ratio 2020 24,0x
EV / Sales2019 1,19x
EV / Sales2020 0,94x
Capitalization 275 B
Chart XIAOMI CORP
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Xiaomi Corp Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 10,54  CNY
Last Close Price 11,48  CNY
Spread / Highest target 35,4%
Spread / Average Target -8,19%
Spread / Lowest Target -44,9%
EPS Revisions
Managers
NameTitle
Jun Lei Chairman & Chief Executive Officer
Xiang Wang President
Yan Qi SVP-Internal Operations & Public Affairs
Shou Zi Chew Chief Financial Officer, Executive Director & SVP
Bin Lin Vice Chairman & President-Smartphone Department
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