Xiaomi posts $1.4b loss in Q1 ahead of HK IPO

, , Comments Off on Xiaomi posts $1.4b loss in Q1 ahead of HK IPO

BEIJING • Xiaomi revealed it lost 7 billion yuan (S$1.4 billion) in the first three months, as the Chinese smartphone maker prepares to persuade investors to buy into the largest initial public offering (IPO) since 2014. The eight-year-old company has …
( read original story …)