Xiaomi’s stock price hits an all-time high, crowning CEO Lei Jun as China’s richest person
Xiaomi Group’s stock (1810.HK) price has reached a new all-time high at 61.45 HKD, making its founder Lei Jun as China’s wealthiest individual. This achievement follows the company’s previous record set on February 27, when shares briefly touched 52 HKD, making the founder China’s richest person for a short time before a same-day correction.
The meteoric rise in Xiaomi’s stock price has been primarily driven by the success of its launch of the highly anticipated YU7 model, which received nearly 300,000 firm orders in one hour after release.
According to financial reports, the founder’s total wealth was approaching 440 billion yuan (68 billion USD) when the stock price hit 52 HKD in February. This had…
