Three months ago, Xiaomi was riding high, with its share price soaring to nearly HK$60 on the back of the success of its electric vehicle endeavors, pushing its market value to an impressive HK$1.5 trillion. Nevertheless, Xiaomi's momentum has lately hit a snag, and Lei Jun's interactions on Weibo have dwindled. Amidst shifting public opinion, Xiaomi now finds itself facing an even greater challenge.
