Midea Offloads Remaining Xiaomi Stake for 902 Million Yuan; Midea, Xiaomi Both Down 4%

MT Newswires Live

2025/04/01

Midea (SHE:000333, HKG:0300) offloaded its remaining holdings in Xiaomi (HKG:1810) for 901.8 million yuan, the Chinese appliance maker said in its annual report published Saturday on the Shenzhen bourse.

Midea has been trimming its shares in the smartphone maker gradually after ten years of investment, earning around 92.8 million yuan from the year-ago sales of Xiaomi shares.

Midea's Hong Kong shares dropped over 3% and its Shenzhen shares fell over 4%, while Xiaomi dipped over 4% in recent trade.

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