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<Research>Citi: XIAOMI-W's MiMo LLM Price Cut to Drive Surge in Token Usage
Citi issued a research report commenting on XIAOMI-W (01810.HK)'s permanent price reduction of up to 99% for the API pricing of its "MiMo-V2.5" series large language ...
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<Research>Citi: XIAOMI-W's MiMo LLM Price Cut to Drive Surge in Token Usage
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Citi issued a research report commenting on XIAOMI-W (01810.HK)  -0.520 (-1.821%)    Short selling $2.09B; Ratio 30.107%   's permanent price reduction of up to 99% for the API pricing of its "MiMo-V2.5" series large language models (LLMs). The broker noted that the aggressive price cut took effect on May 27 and was implemented globally, aiming to align with competitors.

Previously, DeepSeek had permanently reduced its V4 Pro API prices by 75% four days earlier. At the earnings briefing on May 26, Xiaomi management disclosed that most of its AI revenue is derived from tokens. Among them, the Pro and Max versions of MiMo account for more than 50% of token usage, with over 50% of token usage coming from overseas markets. Paid users represent more than 30% of the total, with a high retention rate.

Related News CICC: XIAOMI-W (01810.HK) 1Q26 Results In Line; Auto Deliveries and GPM Seen Gradually Recovering
Citi reiterated its Buy rating on the stock and maintained its TP at HKD37.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)

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