HONG KONG (Reuters) -Shares of China’s Xiaomi were set to rise 2.3% on Wednesday after it reported a record first-quarter revenue and profit and said its shift towards higher-end products from smartphones to home appliances was already paying off.
The Hong Kong-listed shares of the world’s third-largest smartphone maker, whose product lines also extend to cars, were set to open at HK$52.75.
(Reporting By Donny Kwok and Anne Marie Roantree; Editing by Muralikumar Anantharaman)
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