Xiaomi Turns to Buybacks to Steady Shares as Chip Shortages, EV Price Wars Weigh on Outlook

Chinese technology giant Xiaomi moved to shore up investor confidence on Friday, unveiling a stock buyback programme of up to HK$2.5 billion ($321 million) that pushed its shares more than 2% higher in Hong Kong trading. The move comes at a sensitive moment for the Beijing-based group, which straddles smartphones, electric vehicles and smart home

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