Xiaomi is the best-positioned Chinese consumer tech/AI/EV play. MiMo-V2-Pro is #1 model on OpenRouter (4.65T weekly tokens, 22.3% provider market share). $0.30/M tokens — 50x cheaper than Claude. SU7 EV ramp accelerating. 51% of OpenRouter traffic is Chinese models — Xiaomi is the hardware layer.
Narrative: Fully exited Jun 22. Position closed. The Chinese AI model thesis (MiMo, DeepSeek) is alive but XIACY entry was based on OpenRouter model adoption driving ADR demand — with share price falling through buyback support ($16.74 vs $16.80 entry) and no guru convergence for 14+ days, the edge closed. MiMo-V2-Pro still #1 on OpenRouter but the stock has separated from the thesis. Keep on decay-monitor.
Next catalyst: Q2 earnings (Aug), MiMo adoption numbers on OpenRouter, new model releases — no near-term catalysts for 6+ weeks
Max entry: 18.0 · Entry limit: 16.8 · Profit target: 25.0 · Timeframe: months