HK Movers｜Xiaomi Soars over 6%. On-Device AI Model Passes National Filing Combined with Ongoing Buybacks

Market Focus

Jul 16

On July 16, Xiaomi Group-W rose 6.19%, trading at 27.46 HKD/share. Multiple catalysts converged to drive the stock higher.

On the news front, Xiaomi's on-device large language model MiMo officially passed China's national AI model filing on July 15, making Xiaomi one of the first smartphone manufacturers to receive such approval. The model is set to empower AI upgrades across Xiaomi's full person-vehicle-home ecosystem.

Buyback momentum also provided support. On July 15, the company repurchased 3.9 million B-class shares on the Hong Kong Stock Exchange at prices between 25.74–25.88 HKD per share, spending approximately 100.7 million HKD. Since the buyback authorization passed on June 2, Xiaomi has cumulatively repurchased 79.825 million shares, representing 0.31% of issued shares.

Additionally, Goldman Sachs recently reiterated a Buy rating with a 12-month target price of 40 HKD, citing rich catalysts in Q3 including the upcoming launch of the SkyNomad SUV series, with projected deliveries of 110,000 units in the current year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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On-Device AI Model Passes National Filing Combined with Ongoing Buybacks","media":"Market Focus","content":"<html><head></head><body><p style=\"text-align: left;\">On July 16, Xiaomi Group-W rose 6.19%, trading at 27.46 HKD/share. Multiple catalysts converged to drive the stock higher.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3aae09c0cea97e713a6407e323229424\" data-align=\"center\" tg-width=\"774\" tg-height=\"618\"/><span></span></p><p style=\"text-align: left;\">On the news front, Xiaomi&#39;s on-device large language model MiMo officially passed China&#39;s national AI model filing on July 15, making Xiaomi one of the first smartphone manufacturers to receive such approval. The model is set to empower AI upgrades across Xiaomi&#39;s full person-vehicle-home ecosystem.</p><p style=\"text-align: left;\">Buyback momentum also provided support. 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On-Device AI Model Passes National Filing Combined with Ongoing Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHK Movers｜Xiaomi Soars over 6%. On-Device AI Model Passes National Filing Combined with Ongoing Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-16 11:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">On July 16, Xiaomi Group-W rose 6.19%, trading at 27.46 HKD/share. 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