China’s Xiaomi books $1 billion quarterly loss ahead of blockbuster IPO

HONG KONG (Reuters) – Chinese smartphone maker Xiaomi booked a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering. That compares with a net loss of 43.89 billion yuan for the whole of 2017, according …
( read original story …)



Related Post