Is Huami an Undervalued Growth Stock?
Huami (NYSE: HMI) might not be a familiar name to most investors, but the Chinese company is actually the world's top wearable device maker. That's because it manufactures all of Xiaomi's (OTC: XIACF) wearables, which led the wrist-worn wearables market with a 17.3% share in the second quarter, according to IDC.
Xiaomi owns nearly a fifth of Huami, and Xiaomi CEO Lei Jun personally owns another fifth of the company. Xiaomi also covers all of Huami's design, manufacturing, marketing, and distribution costs for its Xiaomi-branded products. Huami covers those expenses for its own Amazfit products.
Image source: Xiaomi.
Source Fool.com
