Exactly a year ago, Xiaomi went IPO at Hong Kong Stock Exchange. On its debut day, Xiaomi’s stock price dropped by 2.9%.

Many said the IPO was rushed, in expectation of a downturn in the private market. At that time, there was a rush to Hong Kong’s public market by many Chinese unicorns.

A year on, this is how Xiaomi’s stock price performance:

On the day of the IPO, Founder Lei Jun said he would make “all the investors who bought Xiaomi on its debut day double their investment value”.

It would be a long journey.

Though it is also important not to discount Xiaomi too much, as it is not the first time it faces mounting doubts.

It has been resilient.

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