Xiaomi was founded by Lei Jun, who is seen holding a new virtual reality headset during a product launch in Shenzhen on May 31. Photo: Handout

Huge blow for Beijing’s plan to lure tech giants to list in China after Xiaomi pulls back

Smartphone maker’s cornerstone investors for Hong Kong IPO close to being finalised

Topic |   Xiaomi

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Xiaomi was founded by Lei Jun, who is seen holding a new virtual reality headset during a product launch in Shenzhen on May 31. Photo: Handout
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