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.
The Beijing-based company launched the new phone, the Redmi K30 5G, in the mainland with retail prices starting at 1,999 yuan ($284).