Xiaomi files for IPO in Hong Kong, aims for $100bn value

Posted 2018-05-03, Yahoo Daily News Headlines

Photo: Creative Commons / Vernon Chan

Beijing, May 3 (IANS) Chinese smartphone maker Xiaomi has officially filed for an initial public offering (IPO) in Hong Kong that aims to raise $10 billion in a sale that may value the company at $100 billion. According to a report in South China Morning Post on Thursday, the move "would catapult Xiaomi past Baidu and... read full story

"would catapult Xiaomi past Baidu and JD.com to become the third-biggest Chinese technology company by value, after Tencent Holdings and Alibaba Group"

Photo: Xiaomi showcased its ceramic Mi 5 on 24 February at MWC 2016. It was one of the first smartphones with Qualcomm's latest processor, the Snapdragon 820.

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