ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Nikkei Markets

Xiaomi jumps after China launch of low-cost 5G phone

Redmi K30 5G could help company regain lost market share

Xiaomi's shares surged 8.5% to HK$9.99 ($1.28) in Hong Kong on Wednesday, its steepest single-day increase since Nov 2018.   © Reuters
| China

HONG KONG (Nikkei Markets) -- Shares of Xiaomi jumped the most in more than a year, a day after the Chinese handset maker launched a 5G smartphone for the masses -- the world's cheapest yet -- fueling hopes for a rebound in mainland sales.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more