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Up to 2.5 billion share repurchase plan! Can Xiaomi reverse its downward trend and rebound?

On January 22, Xiaomi Group announced that it would start a share repurchase plan of up to HKD 2.5 billion starting from January 23. Recentl Show More
On January 22, Xiaomi Group announced that it would start a share repurchase plan of up to HKD 2.5 billion starting from January 23. Recently, Xiaomi's stock price fell below HKD 35 at one point, dropping over 43% from its peak. Can this large-scale repurchase plan help Xiaomi reverse the decline and rebound? Is Xiaomi still worth buying recently?
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