Focus on Xiaomi's listing in Hong Kong
On July 9, Xiaomi Group was officially listed on the main board of Hong Kong with stock code 01810.HK and an offer price of HK$17. This is the first new stock in the HKEx to be listed on the basis of “the same rights and different rights”.
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Xiaomi Company Profile

Founded in April 2010, Beijing Xiaomi Technology Co., Ltd. is a mobile internet company specializing in the development of intelligent hardware and electronic products. "Life for a fever" is the product concept of Xiaomi. Xiaomi Company has created a model for developing mobile phone operating systems and enthusiasts to participate in development and improvement using the Internet model. Xiaomi is still the fourth technology company with the self-research ability of mobile phone chips after Apple, Samsung and Huawei.

Small survey
Focus on the listing of millet
Xiaomi's first day of listing will be broken. July 23 will be officially included in the HSI.

On July 9, the first Xiaomi Group, which was implemented as the new regulation of “Different Rights of the Same Shares” of the Hong Kong Stock Exchange, was officially listed on the Hong Kong Stock Exchange. Xiaomi, the chairman of Xiaomi, personally knocked on the market. The first day closing price was reported at HK$16.8, which was 1.18% lower than the issue price and the market value shrank by US$6.4 billion. After the inclusion of the HSI, A-share investors can purchase Xiaomi stock through Hong Kong stocks. ...[Details]

Millet listing is boiling! Lei Jun's family is over 80 billion. The most cattle investment is 5 million US dollars, and the return is over 28 billion yuan.

After the listing of Xiaomi, Forbes' real-time rich list shows that Lei Jun's personal wealth reached 12.4 billion US dollars (equivalent to 82 billion yuan), ranking 115 globally, and slightly lower than the $14 billion Li Yanhong in China's richest. Lei Jun's personal shareholding accounted for 31.09% of the issued share capital of Xiaomi (19.9% ​​for Class A shares and 11.89% for Class B shares). ...[Details]

Xiaomi made a suspense: Qiming earned 886 times DST and so on the edge of loss

Broke the hair - investors are not surprised by the stock price of Xiaomi's IPO on the first day. But why does Xiaomi prefer to "discount" or even "face" to go public? Under the pessimistic mood of the capital market, who is the beneficiary of this rich movement and who will be the bearer of risk? ...[Details]

Xiaomi listed the first day to push futures options to allow "short" Hong Kong Stock Exchange Li Xiaojia response

On July 9, Li Xiaojia, chief executive of the Hong Kong Stock Exchange, said that the first day of Xiaomi's listing, Xiaomi's derivatives were introduced to the market to meet the needs of different investors, so as not to fall sharply and fluctuate wildly. In the past, Hong Kong history only did this for two companies. ...[Details]

Lei Jun's richest man dreams! Millet's $100 billion valuation was smashed and the dark disk broke!

On July 6, the Xiaomi Group disclosed the IPO offer price and the subscription result on the Hong Kong Stock Exchange: the offer price per share was set at HK$17, and the public offering and international placement were subscribed for 9.5 times and 1.1 times respectively. What worries investors is that the price of Xiaomi’s dark disk has broken through many times in the past few days, partly reflecting the market’s expectation of Xiaomi’s listing. The performance of the dark disk was eclipsed, and the stock price of Xiaomi was under pressure on the first day. ...[Details]

Seven Cornerstone investors subscribed for Xiaomi's $549.5 million. The four founders borrowed 2 billion from the old stock transfer.

According to sales materials, Xiaomi's share price per share was HK$17 to HK$22, and about 2.18 billion shares were sold, with 200 shares per lot. The admission fee was 4444.35 Hong Kong dollars, raising funds from 370.6 billion to 479.6 billion yuan. Of the 2.18 billion shares offered, 65.3% were new shares and 34.7% were old shares. 95% of the IPOs are issued globally and 5% are on sale in Hong Kong. ...[Details]

Xiaomi uses different rights in the same stock: Lei Jun holds more than 30% of the shares and the voting rights exceed 50%.

According to the disclosure, in the ownership structure, the executive director, chairman of the board and CEO Lei Jun holds 31.4% of the shares, such as the option pool included in the total equity ESOP employee stock ownership plan, Lei Jun's shareholding ratio is 28%. Through the dual shareholding structure, Lei Jun’s voting rights ratio exceeds 50%, which is the controlling shareholder of Xiaomi Group. ...[Details]

Xiaomi responded: can't just understand "debt" and "loss" literally

In view of the key data such as liabilities and losses in the Xiaomi prospectus, the relevant person of Xiaomi Company responded in the first time: We can't just understand it literally, we have to see the reasons for the “debt” and “loss”. Internet companies usually issue multiple rounds of financing to issue convertible redeemable preferred stocks. Under international accounting standards, such preferred stocks will be reflected as “liabilities to shareholders”, and the increase in fair value will be recorded in the company's book losses. ...[Details]

Look at the millet model from the prospectus: 2017 operating profit of 12.2 billion Lei Jun voting rights ratio of more than 50%

According to the disclosure of the prospectus, Xiaomi has a dual shareholding structure and is divided into Class A shares and Class B shares. When a shareholder votes, the holder of Class A shares may cast 10 votes per share, and the holder of Class B shares may cast 1 vote per share. According to Lei Jun’s holding of Class A and Class B shares, Lei Jun’s voting rights exceed 50%, which is the controlling shareholder of Xiaomi Group. ...[Details]

Xiaomi officially open prospectus: 2017 revenue of 114.6 billion more than 70% from smartphones

It is understood that most of Xiaomi's income comes from smartphone sales. Taking 2017 as an example, Xiaomi’s smartphone revenue was about 80.56 billion yuan, accounting for 70.3%, IoT and consumer products revenue was 23.44 billion yuan, accounting for 20.5%, and Internet service revenue was about 9.89 billion yuan, accounting for 8.6 percent. %. ...[Details]

Lei Jun classic question and answer
Lei Jun responded to CDR delay: now is not the best time

Lei Jun said, "We reached an agreement with the China Securities Regulatory Commission two weeks ago and agreed to suspend. We will first go to Hong Kong stocks, and then wait until the Hong Kong stocks operate properly, then go to the CDR. The reason is that CDR is an important pilot to ensure that nothing is lost. Shanghai Stock Exchange and CDR are not the best time points now."...[Details]

Lei Jun: Long-term holding of Xiaomi, there will be money to earn

Lei Jun said in an interview with the media that the various valuations of Xiaomi are all high hopes of the media for Xiaomi, and strive to have the opportunity to reach the legendary valuation. Long-term holding of millet, there will be money to earn. Lei Jun said that "the valuation of Xiaomi should be Apple multiplied by Tencent" is a joke and expresses our own self-confidence. ...[Details]

Lei Jun responded to Xiaomi's share price performance: starting from a low point is not necessarily a good thing

Lei Jun said in an interview with the media that the recent market is not good, the short-term stock price is not the most important, and long-term performance is the most important. Xiaomi IPO starts from a low point and may not be a good thing. We still have to do a good job in the company and take the core of management. Continue to work hard, continue to cheer, and do a good job in the company. ...[Details]

Lei Jun: Xiaomi is currently developing too fast.

Xiaomi Group (01810.HK) was listed on the market today. Lei Jun said in an interview with the media that it is developing too fast and will not enter the US market for the time being. ...[Details]

Lei Jun IPO speech: Although the general trend is not good, good companies will still stand out

Xiaomi Group landed on the Hong Kong Stock Exchange today, and Xiao Jun, founder, chairman and CEO of Xiaomi, delivered a speech. Lei Jun said that it was the time when the global capital market changed. I thanked more than 100,000 investors for their recognition and support for Xiaomi at the moment. "Although the market is not good, good companies will still stand out!" Lei Jun said. ...[Details]

Lei Jun: We must work hard to make a good return on rice products.

Lei Jun said that gratitude can not be said, the best way to be grateful is to continue to work hard and continue to cheer! We must work hard to make products, reward the world's rice noodles that support us, do a good job, and return our employees and investors. Waiting for our stock to start trading, this is a brand new start for Xiaomi! ...[Details]

Controversial valuation
Xiaomi IPO Complex: The Road to Dramatic Listing The mysterious valuation

The process of Xiaomi's IPO itself is very dramatic: coincidentally, the capital market is ups and downs, this encounters the green light of the system, but it is affected by the external market; it is expected to become the first CDR (China Depositary Receipt) stock, which will be listed in Hong Kong and the Mainland at the same time; Investors have a high degree of recognition, and institutional investors have overdrafted confidence in the “new economic stocks” that have been listed in the past. ...[Details]

Why is the price of Xiaomi calculated by Lei Jun higher than the market value of 6.4 billion US dollars? The answer lies in the green shoe mechanism

However, Xiaomi Chairman Lei Jun’s open letter on the previous day indicated that Xiaomi’s valuation was $54.3 billion. Why is there a difference of $6.4 billion from the current market capitalization? People close to the Xiaomi IPO explained to the news that this was due to different calculation methods. Xiaomi’s calculation of the valuation considered the existence of “green shoes new shares”. ...[Details]

How is the valuation of Xiaomi determined? Lei Jun believes that Tencent’s apple is a new species that spreads

Speaking of the market-controversial valuation problem, Lei Jun believes that Xiaomi is a rare and versatile company in the world, and the valuation should be Tencent by Apple. Lei Jun redefined Xiaomi with “new species”. He said, “I finally wanted to understand in the past week. Xiaomi is a global company that is rare in the world and can be used as an e-commerce, hardware, and Internet.”...[Details]

Xiaomi “sprints” to go to Hong Kong for listing. Lei Jun holds a stock market value of nearly 20 billion US dollars.

Compared with the “100 billion US dollars” valuation that was once known at the beginning of this year, in the process of continuous game with investment institutions, Xiaomi’s valuation of the latest information has become about 50 billion US dollars to 60 billion US dollars. In April 2018, Xiaomi founder Lei Jun once again received a share payment of nearly 10 billion yuan, and the total market value of individual shareholdings was about 20 billion US dollars. ...[Details]

The employees of Xiaomi's work number 1000 are financially free, and the price of Lei Jun is high. See the top ten interpretations.

The staff of Xiaomi employees can be judged according to the work number. The early entry into Xiaomi has options. If there is no accident, the former No. 100 employees may become billionaires in the future, and the former No. 1000 employees may become multi-millionaires in the future. ...[Details]

"Tasteful" has different rights to the same stock! Millet knocks on the Hong Kong Stock Exchange, the market believes that the valuation is at least 70 billion US dollars

Missed Alibaba four years ago, the Hong Kong Stock Exchange is reluctant to miss this year's world's largest technology-based startup IPO - Xiaomi. According to the IPO intermediary of the Xiaomi IPO, the sponsors, investment banks and potential investors generally accept the current valuation of at least 70 billion US dollars. After the IPO, the market value of millet is more than 100 billion US dollars in the short term. ...[Details]

Millet concept stock
Xiaomi Group submits listing application on the Hong Kong Stock Exchange. Industry chain stocks are expected to directly benefit (attached shares)

Xiaomi is expected to become the leader of the emerging electronics industry and has limited impact on mature industries with stable patterns. On the one hand, we focus on small household appliances with emerging manufacturing segments with manufacturing advantages; on the other hand, we continue to recommend white-powered leaders with strong industry integration capabilities and high brand barriers. ...[Details]

Xiaomi officially went public in Hong Kong, and the concept of A shares has boiled! Lei Jun said that the kind of people are not too bad luck.

After Xiaomi applied for listing, the Xiaomi concept stocks of A shares also began to move. As of the China Securities Journal press release, in the Xiaomi concept stocks, Yuhuan CNC daily limit, Fenda technology also once the daily limit, Semba sensor rose more than 6%, An Jie technology rose more than 5%, Jingda shares rose more than 4%. ...[Details]

Is the concept stock going up? Lei Jun wants to become the richest man? Why do financial reports show huge losses? Look at these eight focus interpretations

The news that Xiaomi is about to land in Hong Kong stocks has also stimulated the performance of a number of concept stocks. Pluto, Jingda shares and other intraday sharply rose, Jinsheng Intelligent, Zhuoyi Technology also once performed in the intraday, but there is no daily limit concept stocks. Some analysts believe that this may have been warmed up with Xiaomi's listing for a long time, and related concept stocks have been reacted in advance. In addition, different concept stocks differ in the degree of benefit, and it is reasonable to have large differences in stock price performance. ...[Details]

Millet concept stock market
Xiaomi financing process

A picture to understand the Xiaomi ecological industry chain