Foxconn’s factory in Guiyang on 28 May 2018. Guiyang Foxconn factory produced 16 million smartphones for Nokia and Huawei in 2017 and is aiming to reach 30 million units in 2018. Photo: EPA-EFE

China’s embrace of Foxconn unit’s US$4.3 billion IPO has a tinge of desperation to it. Here’s why

Topic |   IPO

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Foxconn’s factory in Guiyang on 28 May 2018. Guiyang Foxconn factory produced 16 million smartphones for Nokia and Huawei in 2017 and is aiming to reach 30 million units in 2018. Photo: EPA-EFE
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