China's Xiaomi cuts valuation to $55 billion-$70 billion: sources

SHANGHAI/HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said.



from Reuters: Technology News https://ift.tt/2M51tBH

0 comments:

Post a Comment