Xiaomi Founder’s $13 Million Share Purchase Sparks Stock Rebound
Xiaomi Corp. founder Lei Jun’s purchase of about HK$100 million ($12.9 million) worth of company stock may help bolster sentiment in the smartphone maker after shares tumbled more than 30%...
By John Liu, April Ma · Bloomberg Markets
Xiaomi Corp. founder Lei Jun’s purchase of about HK$100 million ($12.9 million) worth of company stock may help bolster sentiment in the smartphone maker after shares tumbled more than 30% from its July peak.