Xiaomi to list in HK

Xiaomi, one of China’s biggest smartphone makers, has picked Hong Kong for its public listing.

In what could be the largest initial public offering (IPO) this year, it is reported to be raising US$10 billion.

While other smartphone makers struggled in China in Q1, Xiaomi bucked the trend and grew 37 percent to 12 million units, according to Canalys.

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