$XIAOMI-W(01810.HK)
Xiaomi Group's stock price has been halved, and a well-known private equity fund is furious!
Source: Shanghai Securities News
Wang Wen, Chairman of Ridou Investment, said bluntly on Weibo: "Xiaomi has ventured into so many industries, but few have made it into the top three. Since you haven't even done well with what's in your hands, can't you just focus and do a good job with what you have first? Now that the car business is slowing down, you're talking about AI and robots. But in this era, the smartest people and money are all in AI and robotics. What gives Xiaomi the edge to compete? I even doubt whether Xiaomi has any long-term planning at all. It often just jumps into whatever becomes a hot topic."
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