Xiaomi Lifts Buyback Tempo as Lei Jun Maps Out RMB 200 Billion Research Push

Published on 10/25/2026 at 14:01 | Editorial boerse-global.de

Xiaomi stock gains 2.6% as it repurchases HK$105.24 million of shares and Lei Jun pledges over RMB200 billion for core tech research.

Xiaomi Shares Rise 2.6% on Buyback, RMB200 Billion Research Plan — Xiaomi Lifts Buyback Tempo as Lei Jun Maps Out RMB 200 Billion Research Push Illustration mit AI erstellt.

Xiaomi shares rose 2.6% on Friday, drawing support from a fresh share repurchase and the company's renewed emphasis on hard-tech research, according to media reports. The advance came as part of a broader recovery across the Hong Kong equity market, where technology names that had fallen earlier in the week found their footing again.

Buyback Activity Picks Up Pace

The company disclosed on Thursday that it had repurchased 4,086,000 Class B shares for a total of HK$105.24 million, with the stock earmarked for cancellation. A filing with the Hong Kong exchange the same day also showed the issuance of 31,000 new shares.

That followed a buyback reported on Wednesday, when Xiaomi bought back 1,900,000 Class B shares for cancellation at a total of HK$50.951 million. Under a separate share scheme, 41,800 new shares were issued.

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Founder Sets Out a Five-Year Research Budget

Speaking at the World Intelligent Connected Vehicles Conference on Wednesday, founder, chairman and CEO Lei Jun laid out the company's research ambitions. Xiaomi plans to invest more than RMB200 billion in core technology research over the next five years, he said.

For the previous five-year stretch, Lei Jun put the corresponding figure at RMB105.5 billion. He also offered a sense of scale for the connected-device business, noting that worldwide connections of Internet of Things devices had passed the 1.1 billion mark. In electric vehicles, he said the average selling price stands above RMB260,000.

Analysts Split as Handset Worries Linger

UOB Kay Hian adjusted its price target for Xiaomi to 27.60 HKD on October 12, keeping a "Hold" rating and pointing to concerns about the company's weak smartphone business. China Renaissance took a harsher view the same day, downgrading the stock from "Hold" to "Sell" with a target of HK$20.50.

Board to Meet November 24

Xiaomi said Friday that its board will convene on November 24. Directors are set to review and approve the unaudited consolidated results for the third quarter of 2026, and the meeting will also take up the figures for the nine months ending September 30, 2026.

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