[ad_1] Chinese technology stocks tumbled the most in a month as Xiaomi Corp’s $5.5 billion share sale hit sentiment in a market that lacks fresh momentum. The Hang Seng Tech Index dropped as much as 3.8% on Tuesday, which took its fall from a March 18 high to more than 9%. Xiaomi shares were down […]
Xiaomi raises $5.5 billion in upsized Hong Kong share sale – CNBC TV18
[ad_1] Xiaomi Corp. raised about $5.5 billion in an upsized share sale, as the Chinese tech firm capitalizes on a surge in its stock price to help raise funds to expand its electric-vehicle business. The offering, which comes weeks after EV giant BYD Co.’s $5.6 billion fundraising, builds on what’s shaping up to be a […]