JNF
2026.04.30 03:27

$XIAOMI-W(01810.HK) conducted a secondary offering at a high price while management continued to cash out. Share buybacks at low prices were minimal, and minority shareholders, with their low status, received no dividends. The business is a jack of all trades but master of none, and one can only deceive oneself into thinking it's been maliciously shorted.

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