$XIAOMI-W(01810.HK)HSBC closed its short position and bought 12.37 million shares of Xiaomi yesterday, which may indicate that its short selling against Xiaomi is coming to an end? Subsequent short selling funds are likely to shift to other targets. Meanwhile, Xiaomi's electric vehicles are gaining popularity in overseas markets even before their official launch. If they can successfully enter overseas markets, I think the difficulty of expansion may be lower than in the domestic market.