Understanding the Market | Xiaomi Corporation-W falls over 5% again, with nearly 60 billion yuan financing plan announced within a month, reports suggest the company's investor day postponed to June

Xiaomi Corporation-W fell over 5% again, as of the time of publication, down 5.1% to HKD 40.9, with a transaction volume of HKD 5.002 billion. In terms of news, on March 25, Xiaomi announced a placement of 800 million shares in a "old shares first, new shares later" manner, raising HKD 42.5 billion, which is also its second placement since listing on the Hong Kong stock market. On April 14, the status of Xiaomi's core subsidiary Xiaomi Communications' HKD 20 billion corporate bond project was updated to "submitted for registration." Thus, Xiaomi has launched a refinancing plan totaling nearly HKD 60 billion within a month. It is worth noting that Xiaomi has recently been caught in a public opinion whirlpool, just 7 days after the traffic accident involving the Xiaomi SU7 in Anhui. Recently, it was reported that a Xiaomi SU7 in Xu Wen County, Zhanjiang City collided with two people and caught fire, attracting widespread attention. On April 11, the Xu Wen County Public Security Bureau issued a police report, and Xiaomi Auto also responded to the incident. Additionally, media reports indicated that Xiaomi's Investor Day originally scheduled for the end of April has been postponed to June 3