BABAF - Xiaomi Follows Baidu Into EV-Making Sparks Fly

• Although Chinese markets were closed for the LNY break, global investors reacted excitedly to news coming out of China with equities trading in international exchanges.
• The disrupted Chinese New Year plans for the migrant workers resulted in new trends benefiting several sectors, including the e-commerce platforms.
• Baidu's management shrewdly provided the soundbites during the earnings conference call that analysts were clamoring for in justifying higher price targets.
• The share price of Xiaomi skyrocketed in the final 22 minutes of trading on Friday on reports it is planning to make electric vehicles.
• The impetus for Xiaomi to do so is there with the strong policy support and the company has been developing related capabilities for several years.

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