Xiaomi

Xiaomi Reels As US Ramps Up China Blacklist

Shares in Xiaomi collapsed on Friday after the United States (US) blacklisted the smartphone giant and a host of other Chinese firms as the Trump administration aims to cement its trade war legacy against Beijing.Beijing hit back at the latest sanctions, accusing the US of "abusing state power" to crack down on Chinese companies "for no reason".The flurry of last-minute blacklistings is the coda to four years of aggressive diplomatic and trade policies towards rival China

16 January 2021
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Xiaomi is said to seek at least $50 billion valuation in IPO

Xiaomi Corp., the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least $50 billion, according to people familiar with the matter.The Beijing-based company is considering an offering as soon as next year with banks suggesting Hong Kong as the most likely destination, said the people, requesting not to be named because the matter is private.

5 December 2017
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