On October 23, XIAOMI-W posted an Intraday Rise of 4.96% in Regular Trading, with shares trading at HK$27.08.

A clear news catalyst was the company’s latest buyback disclosure, alongside management’s renewed emphasis on long-term investment in AI, chips, operating systems and embodied intelligence.

XIAOMI-W disclosed on October 22 that it repurchased 4.086 million shares for about HK$105 million, at HK$25.70 to HK$25.92 per share. That marked a notable step-up from the October 21 buyback of 1.9 million shares for about HK$50.95 million, suggesting stronger capital management support. Separately, management recently said planned investment in hard-technology areas over the next five years is expected to exceed RMB200 billion, while reiterating the strategic linkage between AI and its vehicle ecosystem. The company also said its global IoT platform had surpassed 1.1 billion connected devices by the end of the second quarter, reinforcing the market’s ecosystem narrative.

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