Chinese electronics giant Xiaomi files for IPO in Hong Kong

CNET ------ Xiaomi has officially filed for an initial public offering in Hong Kong, according to its regulatory documents listed on the Hong Kong stock exchange. The move comes as Xiaomi gains momentum with its smartphone sales, having bounced back from a slump in 2015, which saw it fall behind rivals Huawei, Oppo and Vivo in China. Since then, the company has returned to form, with over 91.4 million smartphones sold in 2017, as reported in its filing. To learn more click on the picture below to read the article.