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flag Xiaomi raises up to $5.27B to expand globally, develop tech, and enter electric vehicles.

flag Xiaomi Corp is raising up to $5.27 billion by selling 750 million Class B shares, priced between HK$52.80 to HK$54.60. flag The funds will support business expansion, tech development, and general corporate needs. flag Xiaomi, which began manufacturing electric vehicles last year, plans to expand globally and open 10,000 new stores. flag Tesla has also paused its FSD service trial in China pending regulatory approval.

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