China’s Xiaomi plans $1.5 billion buyback to arrest stock tumble

China’s Xiaomi boosts shares with $1.5 billion buyback plan
September 2, 2019
Huawei says to spend more than $300 million a year in funding for universities
September 3, 2019
This post was originally published on this site

Chinese smartphone maker Xiaomi Corp announced a HK$12 billion ($1.53 billion) share buyback plan on Tuesday, in a reversal of its cash-management strategy that is aimed at boosting its floundering stock.