People use their smartphone outside a Xiaomi store in Hong Kong. The Chinese start-up has secured an investment of US$100 million from US chip maker Qualcomm, making it a cornerstone investor in its upcoming IPO. Photo: AP

Xiaomi IPO gets lukewarm reception as institutional investors question pricing

Founder Lei Jun says smartphone maker should be valued as a ‘hybrid of Tencent and Apple’ as investors question IPO pricing

Topic |   Xiaomi

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People use their smartphone outside a Xiaomi store in Hong Kong. The Chinese start-up has secured an investment of US$100 million from US chip maker Qualcomm, making it a cornerstone investor in its upcoming IPO. Photo: AP
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