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Actually Xiaomi is based in Beijing.
Public offering (IPO) of Chinese smartphone maker Xiaomi and electronics may be the largest in 2014, the company expects to attract at least $ 10 billion and to valuation of some $ 100 billion. About it writes The Wall Street Journal, citing sources.
This writes with reference to .
As a platform for the IPO, Xiaomi has chosen Hong Kong stock exchange (HKEX). The company has already applied for the IPO.
The publication notes that the public offering Xiaomi may be China’s largest and the world — all will depend on what proportion of shares the company will put up for sale. In 2014, the Chinese Internet-shops of Alibaba issued shares at $ 25 billion.
Actually Xiaomi is based in Beijing but registered in the Cayman Islands. The IPO is one of the most anticipated in the market.
In February, Microsoft and Xiaomi signed a Memorandum on cooperation in cloud technologies, artificial intelligence, and hardware. The Memorandum provides for mutual access of companies to technologies, Microsoft will give Xiaomi the ability to use its cloud computing products such as Azure, for the development of the smartphones to display the gadgets on the international market.