Hua Mi Technology opened at $ 12, compared with the issue price rose about 9.1%, but then down, if the closing price calculation, Hua Mi technology market value of 669 million US dollars.
Company structure, Wami technology set up in the Cayman Islands .Proposal shows, Wami CEO Wang Wang shares held at 39.4%, the largest single shareholder of WMI. Shun for capital share of 20.4%, the second largest Shareholders, Xiaomi's stake in People Better Limited, which owns 19.3% stake, means that the Lei Jun Department holds a total of 39.7% of the shares, actually holding more than Huangwang. Gao Rong Capital holds 9.7%, the fourth largest shareholder of China Rice Technology .
Wal-Mart said in its prospectus that Xiaomi is the most important customer and distribution channel of Wal-Mart and is currently the sole partner of Xiaomi's wearable product design and manufacturing.According to the disclosed information, Wal-Mart and Xiaomi Co., Ltd. signed Strategic cooperation agreement will expire in October 2020.