China’s Meituan, Xiaomi See Long-Term Expansion Efforts in Spotlight

Meituan and Xiaomi Corp.’s long-term ambitions and investment plans will dominate this week’s earnings releases, continuing to shape sentiment for China’s tech sector.

Expectations for Xiaomi are high as it aims to invest at least 50 billion yuan ($7 billion) in developing its own mobile processor to increase its semiconductor clout over the next decade.