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Talk of the Chinese century has been ebbing and flowing for years, but the last 12 months or so have greatly amplified the narrative. Though early 2024 stock market bloodbaths in the East Asian country maintained the angle that something was rotten in the People’s Republic, and though the highly anticipated finance injection proved disappointing by October of the same year, positive developments have been rapidly accumulating. Few companies exemplify this trend as well as Xiaomi (HKG: 1810), a company long known for making relatively advanced smartphones and selling them at unusually low prices. Looking at the Hong Kong stock market, Xiaomi has enjoyed remarkable gains in recent years and, since it halted its decline in 2022, its stock is 523.28% in the green to its press time price of 54.35 HKD. Xiaomi stock 5-year price chart. Source: Google The last 12 months have been particularly successful for the technology giant, which is up 324.61% within the timeframe and an equally impressive 191.89% in the last 6 months. Though the stock market advance of another Chinese firm – Alibaba (NYSE: BABA) – dethroned Xiaomi in 2025, it can hardly be said that it is lagging behind with a 59.85% year-to-date (YTD) rally. Xiaomi’s achieves comparable stock market success to Nvidia Interestingly, though neither the dollar value nor the percentage increase in Xiaomi’s market capitalization are not as impressive as those achieved by Nvidia (NASDAQ: NVDA), a certain similarity is difficult to miss. Both companies suffered substantial valuation drops in 2022, only to rise sharply and drastically. Nvidia’s market capitalization increased 643.86% from $364.18 billion at the end of 2022 to $2.709 trillion at press time. Xiaomi ended 2022 at $35.82 billion and soared 390.98% to reach its market capitalization of $175.87 billion on March 7, 2025. Nvidia and Xiaomi market…

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Filed under: News - @ March 7, 2025 4:21 pm