$XIAOMI-W(01810.HK)Today's drop seems to be due to potential tax increases on internet businesses. Actually, this also affects Xiaomi. Although Xiaomi's internet business revenue doesn't account for a high percentage, it contributes 70-80% of gross profit. At this juncture, it's like adding insult to injury. Of course, the most affected are definitely Tencent and Alibaba. I think the news is not entirely unfounded—the internet sector, especially gaming and advertising, is too profitable.
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