# Stock Buyback

Xiaomi’s Mid-Life Crisis: Can a Massive Buyback Mask the Pain of Its EV Transition?

Xiaomi has reported a sharp 56.5% decline in first-quarter profits as its smartphone shipments slump and its electric vehicle division continues to burn cash. In response, the company has launched a massive HK$20 billion buyback program to defend its share price amidst a difficult strategic transition.