Xiaomi’s market value tripled and exceeded 900 billion Hong Kong dollars for the first time

On January 5, after the opening of the stock market, Xiaomi’s share price continued to open higher, rising by 1.56% during the session to 35.80 Hong Kong dollars. The market value exceeded 900 billion Hong Kong dollars for the first time, approaching the trillion Hong Kong dollar club. However, as of 14:00 on the 5th, Xiaomi’s stock price fluctuated back to 35.35 Hong Kong dollars, with a total market value of 89.32 billion Hong Kong dollars.

Xiaomi’s market value tripled and exceeded 900 billion Hong Kong dollars for the first time

Source: Flush APP

After the opening of the first trading day in Japan on January 4, 2021, Xiaomi Group’s stock price moved higher. As of the end of the afternoon, Xiaomi Group reported 35.25 Hong Kong dollars per share, an increase of 6.17%, and the total market value was 887.8 billion Hong Kong dollars. , Which is approximately RMB 742.4 billion, the stock price has increased by 107.6% from the issue price of HK$17 per share, which has tripled from the initial market value of US$36 billion two years ago.

One machine is hard to find, Xiaomi Mi 11 detonates the market

On December 28, 2020, Xiaomi Mi 11 was officially released, becoming the world’s first Snapdragon 888 model, and it has attracted the attention of users.

Xiaomi Mi 11 claims to be “probably the most expensive screen in the industry”. It uses a 6.67-inch Samsung AMOLED quad-curved screen with a resolution of 2K and a screen refresh rate of 120Hz, as well as the most advanced E4 in the industry. Material, the peak brightness can reach 1500 nits, and the contrast ratio can reach 5000000:1.

At the same time, the first Qualcomm Snapdragon 888 processor is also an absolute highlight. The processor uses a 5nm process and has a built-in combination of super large and 3 large and 4 small cores. The super large core uses Arm’s latest X1 core with the highest frequency. It can reach 2.85GHz, the performance is improved by 25% compared with the Snapdragon 865, and the power consumption is reduced by 25%. In addition, GPU and AI have also been greatly enhanced, becoming the most powerful Android phone currently.

The most surprising thing is that Xiaomi has adopted the same environmental protection strategy as Apple and will cancel the gift of charger and data cable. And said that five years ago, it was considered whether to cancel the bonus of the charger, and it was finally implemented in Xiaomi 11.

However, the conscience is that Xiaomi is not the same as Apple. After canceling the charger, it can only buy it on its own. Instead, it decided to set the price of the set version with the GaN charger to be the same as that of the standard version. The starting price is 3999 yuan. The user who needs fast charging chargers provides protection.

This approach not only fills the lack of chargers in the hearts of users, but also based on the banner of environmental protection, it is really an excellent way during the transition period, and it is the best of both worlds for the enterprise reform of such a large user of Xiaomi.

After the first release of 888 and the cancellation of the charger, the popularity of Xiaomi 11 reached its peak, and Lei Jun himself was even hired as the spokesperson for Xiaomi 11, allowing Xiaomi to reach the cusp of public opinion in a short time. In the first selling day on January 1, it sold 1.5 billion yuan in 5 minutes, earning enough popularity and word of mouth, which is one of the reasons why Xiaomi’s recent stock price has risen.

President Lei finally realizes his dream, and the market value of Xiaomi triples

Lei Jun once stated at the Xiaomi 11 press conference, “Xiaomi’s stock price has been below the issue price for two years. To be honest, it’s a shame and I’m also very depressed. On July 10 this year, Xiaomi’s stock price returned to the issue price, so I won’t let me. I am ashamed of all the shareholders who supported me who bought Xiaomi shares for 17 yuan. Thank you for your support. I am also very pleased that the stock price can rise back.”

On July 9, 2018, Xiaomi was officially listed on the Hong Kong Stock Exchange with an issue price of HK$17 and a total market value of US$36 billion. Lei Jun, the founder, chairman and CEO of Xiaomi Group, said on the day of listing to double the stock price of investors who bought shares of Xiaomi on the first day.

However, on the day of issuance, Xiaomi’s stock broke and continued to decline in the future. It fell to the lowest point of 8.28 Hong Kong dollars per share on September 2, 2019. This can not help but make Lei Jun’s pride on the day of listing appear a bit ” ridiculous”.

However, after the market opened on January 4 this year, Xiaomi’s stock continued to rise, and then broke through 34 Hong Kong dollars, realizing the current double of 17 Hong Kong dollars per share, and Mr. Lei’s promise has finally been realized. As the stock price gradually rises, Xiaomi’s market value has reached the highest point since its listing, and it has come to the 900 billion Hong Kong dollar club, and the impact of the trillion club is just around the corner.

The sales volume entered the top three in the world, and the Indian market successfully rushed to the top

OFweek Veken learned that, according to statistics, global shipments in the third quarter of 2020 will be 365.6 million units, a 4% year-on-year decline compared to last year. This quarter is an opportunity for Xiaomi. Xiaomi returned to the top three in the world in this quarter, squeezing Apple to fourth place, selling 46.2 million smartphones, accounting for 13% of the global share, up 46% year-on-year . Although this is due to the late release of Apple’s four flagship phones this year, it also has a lot to do with the global hot sales of the Xiaomi Mi 10 series.

At the same time, Xiaomi’s control over India and other markets is also a major reason for the increase in sales. Although the Indian government adopted restrictions on Chinese mobile apps this year, in the mobile phone market, Chinese brand mobile phones still account for more than half of the Indian market, and Xiaomi is one of them. According to data, Xiaomi shipped 21 million units in the Indian market in October 2020, an increase of 42% year-on-year, reaching the highest October shipment in history, ranking first in the Indian market.

Especially the Redmi 8A, Note 8 and other series have ushered in big sales in the Indian market. Although they are some cost-effective entry-level models, their complete online and offline channels have won the favor of many users. At the same time, Xiaomi’s localization in the Indian market is very good. Xiaomi has established 6 factories in India. 95% of Xiaomi phones are produced locally, and the management team has also achieved localization changes, making Xiaomi phones more in line with local production. People’s needs even make many Indian consumers think that Xiaomi is a local company.

Both channels are in tandem, continuously impacting the high-end market

Xiaomi’s ability to triple its market value in two years is not just the credit of the mobile phone department. Xiaomi’s IoT business layout is also a global leader, becoming the world’s largest consumer-grade IoT platform, and it continues to continue. The expansion of the growth momentum and the stable maintenance of the world’s leading level.

Xiaomi’s ability to achieve the current situation of IoT has a big relationship with its operating model. It will completely connect the upstream, middle and downstream of IoT, so as to truly lead the trend of consumer-level Internet of Things. Among the upstream companies of IoT, although Xiaomi does not directly participate in research and development, it has friendly cooperation with many current IoT companies, which not only guarantees the integrity of its own supply chain, but also allows companies to profit from it and achieve the best of both worlds. For the middle and lower reaches, Xiaomi continues to invest and incubate small and medium-sized enterprises, incorporating technologies in various fields into its own system to make its IoT layout more complete.

Source: OFweek Veken

According to statistics, as of Q3 of 2020, the number of Xiaomi AIoT platform device connections has reached 290 million, a year-on-year increase of 35.8%, and the monthly livelihood of Mijia App is 43.1 million, a year-on-year increase of 34.2%.

At present, Xiaomi’s dual channels in the field of mobile phones and IoT ensure the vitality of its original market and continue to impact the high-end market. The Xiaomi Mi 10 series is Xiaomi’s first entry into the high-end mobile phone market. Its comprehensive performance and numerous black technologies have allowed many users to successfully pay for it. Since then, the Supreme Edition series once again loosened Xiaomi’s impact on the high-end stepping stone, as if Xiaomi was almost on the high-end road, and the upcoming Xiaomi 11 Pro is expected to become Xiaomi’s real “stepping stone” in the high-end market.

Summarize

Through continuous self-improvement, Xiaomi has grown from an obscure niche mobile phone brand to a Fortune 500 company, and is even about to enter the trillion-dollar club. To achieve the current achievements, only good products are not enough, but also have the ability and vision to discover and occupy the air outlets. This is the case for Xiaomi in the IoT field. Constantly evolving and constantly impacting the high-end market, it is not surprising that Xiaomi can triple its market value in more than two years. It is expected that Xiaomi will become another world-class technology giant in China.

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