Xiaomi to offer $3bn in China · Articles · Global Corporate Venturing
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5 June 2018

Xiaomi to offer $3bn in China

The smartphone manufacturer, which filed for a $10bn initial public offering in May, is planning to raise up to 30% of the amount in mainland China and the remainder in Hong Kong.

Author: Thierry Heles, Reporter

Xiaomi, a China-based smartphone and smart devices producer backed by chipmaker Qualcomm, is hoping to raise up to 30% of its $10bn initial public offering in mainland China, Reuters reported yesterday.