Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
SPONSORED BY
Tech
»
1-min read

China's Xiaomi Seeks Bank Pitches For 2018 IPO- Reports

Xiaomi was valued at $46 billion in a 2014 funding round completed before its sales stagnated. More recently it has seen expectations of its value pick up following strong results this year.

Reuters

Updated:December 6, 2017, 1:18 PM IST
facebookTwittergoogleskypewhatsapp
China's Xiaomi Seeks Bank Pitches For 2018 IPO- Reports
Xiaomi Announces 3 New Smartphone Plants Along With Its First PCBA Unit in India (Representative Image from Reuters).
Loading...
Chinese smartphone maker Xiaomi has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters. Xiaomi was valued at $46 billion in a 2014 funding round completed before its sales stagnated. More recently it has seen expectations of its value pick up following strong results this year.

Its float could be the world's "largest technology IPO" next year, according to one of the people. "It is huge," said another source, adding that a valuation of $100 billion would "not be a crazy number". The world's most valuable startup for a brief period in 2014 was worth about $55 billion at the end of June, according to one person close to the company.

But two other people familiar with the company's discussions said it should be worth much more based on its expected earnings. Xiaomi did not immediately respond to a request for comment. The maker of budget smartphones saw sales stall in 2016 as it attempted to expand internationally while battling intense competition from Chinese rivals Huawei Technologies Co Ltd, Vivo and Oppo.

At the time it pulled back from several overseas markets including Brazil and Indonesia, but this year it has launched and re-launched sales in dozens of countries such as Indonesia, Vietnam, Russia, the United Arab Emirates and Ukraine. It has overtaken Apple to become China's fourth-largest smartphone vendor by sales, driven in part by a focus on offline stores, according to research firm Canalys.

Watch: Honor 7X First Impressions Review | Honor Has an Ace up Its Sleeve


 
| Edited by: ---
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results