People who bought Xiaomi are all at a loss; this wave of Xiaomi will bury many fans.

When Xiaomi dropped from over 60 to over 40, I advised everyone not to buy the dip, not to buy the dip, there was no bottom at all.
I watched it helplessly, falling from over 40 to over 30, and then from over 30 to over 20.
Now, Xiaomi's market value has fallen to 680.1 billion Hong Kong dollars, surpassing Midea Group.
Xiaomi's entry into home appliances is considered a formidable rival to the home appliance giant Midea, but Midea's Fang Hongbo said they don't see Xiaomi as a competitor.
Xiaomi once trampled Midea underfoot, with unstoppable momentum, but now it's the other way around.
Many people who have faith in Xiaomi and Lei are suffering heavy losses.
On Douyin, there's an e-commerce fanatic blogger who has lost at least 150,000;
The "receiver" brother has lost at least 100,000;
And influencer Liu Jishou, who also traded Xiaomi, suffered a blood loss.
Even if Xiaomi's stock price drops to 26, its P/E ratio is still 19 times, higher than Tencent's 16 times, and higher than Midea Group's 15 times.
This indicates that Xiaomi's valuation is still relatively high; if its P/E ratio were lower than Midea's, what would the price be?
The biggest loss was last March, when institutions participated in a private placement at 53 HKD, with 42.5 billion HKD at that time, now only 21.5 billion HKD remains, just cut in half.
This is the only stock I’ve seen in recent years where the private placement institutions got cut in half—too impressive! #我的Gate交易时刻