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Xiaomi aims to raise $5.3 billion in share sale to fuel EV expansion

Xiaomi SU7
An Xiaomi SU7 electric vehicle at one of the company's stores in Shanghai on Aug. 17, 2024. The company has won investors over by duplicating its smartphone success in China’s crowded EV market. (BLOOMBERG)
BN
By:
Bloomberg News
March 24, 2025 12:09 PM

Xiaomi Corp. kicked off a share sale that may fetch as much as $5.3 billion, capitalizing on a surge in the Chinese company’s stock price to help raise funds to expand its Bloomberg business.

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