Xiaomi Turns Into Worst-Performing China Tech Stock on EV Doubts

Xiaomi Corp. has gone from market darling to the worst-performing Chinese technology stock in just a few short months, and a quick comeback looks challenging amid headwinds in the smartphone and electric vehicle markets.

Doubts over the company may become amplified with results due later Tuesday that are expected to show its slowest revenue growth since 2023. Short sellers are circling, and sell-side analysts have been lowering price targets for the shares due to the difficult earnings outlook.