In a little over six months, the stock price increased from a closing low of US$31.73 in December 2018, to reach a high close of US$43.20 on July 11. That’s a healthy 36% rise, which is clearly nothing to sneeze at.
Xiaomi Corporation is a Chinese electronics company headquartered in Beijing and listed on the Hong Kong Stock Exchange (stock code:1810). Xiaomi produces smartphones, laptops, and Internet of things (IoT) products, as well as internet services. It was founded by Lei Jun in 2010 and grew rapidly to a major tech player in China. Xiaomi started its international expansion from 2014 and went public on HKSE in July 2018.
ZhongAn Insurance (HK:6060) is the first online-only Insurance technology company in China, which was established by Jack Ma from
Alibaba Group (NYSE: BABA), Pony Ma from Tencent (HK:0700) and Mingzhe Ma from Ping An Insurance (SHA:601318). Total income in 2017 was 5,583 million RMB (roughly 810 million USD) and increased by about 65%.
Monex Securities Australia (part of the Monex Group, Inc.) is set to shake-up the Australian online broking industry when it opens its doors to Australian investors today.