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Investors fret about Xiaomi’s game plan, sending shares tumbling

WorldNews Wednesday, 20 March 2019
Investors fret about Xiaomi’s game plan, sending shares tumblingIt was another painful day for Xiaomi, as investors bailed out after its latest earnings report, leaving the smartphone maker with a clear message: come up with a quicker game plan.Shares of Xiaomi fell nearly 5 per cent on Wednesday – the first trading opportunity for investors to grade its latest results. That left its shares down a jaw-dropping 32 per cent since it listed in June.Xiaomi has become a successful smartphone maker by selling them cheaply – its shipments have been ranked the… ......
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