Exclusive: China's Xiaomi cuts valuation after pulling mainland offering: sources

HONG KONG/SHANGHAI (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: Business News https://ift.tt/2tkmssq