Xiaomi stock dips after co-founder Lin Bin unveils US$2 billion share sale plan

Xiaomi shares came under pressure after the smartphone maker said its co-founder and vice-chairman plans to sell up to US$2 billion worth of shares starting from December 2026, stoking investor concerns over future supply. The company said in a voluntary filing on Sunday night that Lin Bin intended to offload class B shares, with sales capped at US$500 million in any rolling 12-month period and the total disposal amount not to exceed US$2 billion. Xiaomi said the proceeds were mainly earmarked...

Source: scmp.com at 12/29/2025 1:57:38 AM.

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