I've been quite impressed with Xiaomi products, not just their innovation in smartphones, but their appliances which I use at home and see around the office (eg vaccuums, air purifiers). They have impressive growth in markets outside of China (Europe, Asia - SEA, India) and continue to expand their innovation and product offering - news even about them investing in EVs business. US had recently removed them from the list of Chinese companies blacklisted and there could be potential to open their market in US, although they are still expanding without the US. Their new folding phone looks quite solid against Samsungs too and their products while cheaper in price are known for their quality.
I'd look to add to my position with any dips in current price for a long term hold.
I'd look to add to my position with any dips in current price for a long term hold.