KraneShares CICC China 5G & Semiconductor Index ETF Price & Performance (KFVG)

Xiaomi's stock dropped sharply after a fatal accident involving its SU7 electric sedan, which resulted in three deaths. The incident has intensified scrutiny of advanced driving systems in China, with authorities now investigating. Investor sentiment has weakened, raising questions about Xiaomi’s competitiveness and future growth in the EV sector.12

Recent days have seen a wave of corporate actions including mergers, reverse splits, and ETF liquidations. Notable moves include Melcor REIT’s cash merger, New Wave Holdings’ 1-for-5 consolidation, and NEOS ETF Trust’s liquidation. These actions reflect ongoing adjustments in company strategies and market structures as firms adapt to evolving conditions.34

CaoCao, backed by Geely, is close to securing a Hong Kong IPO after gaining regulatory approval. The ride-hailing firm expanded into 32 cities last year, boosting revenue by 25%. The listing could bolster its competitive stance as it seeks to grow in China’s fast-evolving mobility sector.21