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June 11, 2018 10:21 am GMT

Xiaomi posts $1.1B quarterly loss ahead of much-anticipated IPO

A month after it filed for a much-anticipated Hong Kong IPO, Xiaomi has revealed a little more financial information after a monster 621-page document disclosed a $1.1 billion (seven billion RMB) loss for the first quarter of the year. The IPO, which could raise up to $10 billion value Xiaomi at high as $100 billion, […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/lMcOkdr_Rhw/

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