Xiaomi announces HK$2.5 billion buyback as competition and cost pressures weigh on stock
Xiaomi logo at an exhibition in Hangzhou, Zhejiang Province, China on November 1, 2025. Cfoto | Future Publishing | Getty Images Chinese tech giant Xiaomi saw its shares pop over 2% in trading on Friday after it announced a stock buyback program worth up to HK$2.5 billion ($321 million). The repurchase plan comes as the…