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Xiaomi some of the money: Smartphone giant scales back IPO - Siliconrepublic.com

CEO Lei Jun will outline plans for the IPO on Saturday (23 June). Xiaomi had hoped to raise $10bn with its Hong Kong and Shanghai dual listing in a debut that would have valued the company at $100bn. Reports suggest the latest plan will value it in the ...

Despite scale-down, Xiaomi IPO will be biggest of 2018 - Nikkei Asian Review

HONG KONG -- Although Xiaomi ultimately decided to forgo a dual offering, the Chinese smartphone maker is on its way to raising as much as 48 billion Hong Kong dollars ($6.12 billion) in what is expected to be the world's largest stock market debut ...

Xiaomi IPO gets lukewarm reception as institutional investors question pricing - South China Morning Post

Xiaomi's initial public offering was met with a lukewarm response by institutional investors, many of them put off by what they see as a high valuation based on the company's claim that it is an “internet company” rather than a hardware maker. Lei Jun ...

LEIFHEIT AG ON (LEI) Increased 1.01% on Jun 21 - Press Telegraph

June 21, 2018 - By Adrian Erickson. Shares of LEIFHEIT AG O.N. (FRA:LEI) last traded at 24.9, representing a move of 1.01%, or 0.25 per share, on volume of 108 shares. After opening the trading day at 24.9, shares of LEIFHEIT AG O.N. traded in a close ...

What Xiaomi's first IPO presser would look like - EJ Insight

Smartphone maker Xiaomi Inc. has scheduled a press conference at 10 a.m. on Saturday at the Four Seasons Hotel in Central in connection with its much-awaited initial public offering in Hong Kong, with the founder Lei Jun himself presiding. It is ...

Xiaomi lowers target as it kicks off IPO - Channel NewsAsia

CEO Lei Jun claimed it was an internet services company making money via online games and advertisements despite 70 percent of its revenues coming from selling hardware, particularly smartphones. The firm, which mainly sells cheap but high-quality ...

Xiaomi starts taking orders for the biggest IPO in two years - BusinessTech

Xiaomi, led by serial entrepreneur Lei Jun, was the first to file for a Hong Kong IPO with a weighted-voting rights structure after the city's bourse changed its rules in April. The deal could become the world's biggest first-time share sale since ...

Xiaomi Curtails Valuation Ambitions in $6.1 Billion IPO - BloombergQuint

Xiaomi, led by serial entrepreneur Lei Jun, was the first to file for a Hong Kong IPO with a weighted-voting rights structure after the city's bourse changed its rules in April. The deal could become the world's biggest first-time share sale since ...

Xiaomi IPO has China's moms and pops paying Lei Jun - Financial Express

Lei Jun has given a lot to his Chinese fans. Now, it's time for them to return the favor. Ever since establishing Xiaomi Corp., the 48-year-old has been proud to sell hardware to millions of consumers at cut-rate prices, gifting them cheap phones at ...

Pankaj Chaddah, Howard Schultz & Ramesh Tainwala: When Top Bosses Called It Quits - Economic Times

CEO Lei Jun, in an internal letter to employees , wrote that the two co-founders “chose a new way of life” for personal reasons and decided to resign from their duties in the company. The exit came just a few months before Xiaomi's much-anticipated IPO ...

Commentary: Is Xiaomi twice as good as Apple? - Channel NewsAsia

Lei and Barra display Mi 4i phones during its launch in New Delhi Lei Jun, founder and chief executive officer of Xiaomi, and Hugo Barra, Xiaomi's former vice president of international operations, display Mi 4i phones during its launch in New Delhi on ...

Xiaomi Mi Max 3 details leaked through TENAA listing - Business Today

As confirmed by CEO Lei Jun, the smartphone is supposed to launch in July. Earlier leaks had hinted the Xiaomi Mi Max 3 to have an iris scanner, fast charging, and wireless charging support. TENAA authority in China has certified Xiaomi phones with ...

Xiaomi has launched pens and pillows in India but why? They aren't even smart - India Today

"We're a new species. It's a very different understanding from the traditional concept of a company," Xiaomi co-founder and CEO Lei Jun told me not long ago. "Pretty much every category that we enter, the key question is whether we can build an amazing ...

Xiaomi Mi Max 3 leaked: Specs, display panel revealed ahead of launch - TechRadar

The company's CEO, Lei Jun had earlier revealed that the Mi Max 3 will be launched in July and this was also revealed in a leak. Now, the specifications and an image of the display panel has been posted by a user on Weibo, revealing major details of ...

IP platform PatSnap picks up $38M from Sequoia and Xiaomi founder's fund - TechCrunch

... a Euro-Asian company that offers a patent and R&D platform and services, has pulled in a $38 million Series D funding round led by existing investors Sequoia and Shunwei Capital, the investment firm founded by Xiaomi co-founder and CEO Lei Jun.

How Chinese phone giant may 'double Apple value' - Independent.ie

Chinese serial entrepreneur Lei Jun has been compared with Steve Jobs, and now analysts are saying the smartphone giant he built could be twice as expensive as Apple. Xiaomi deserves to trade at a premium to global phone brands due to its market-share ...

Opinion: Xiaomi needs to destroy another industry, not just conquer phones, to be worth its $100 billion IPO price tag - MarketWatch

Xiaomi CEO Lei Jun's greatest achievement lies in the cultivation of this passionate online fan base, which in turn makes Xiaomi's offerings a continual delight. By “outsourcing” the design and development to end users, the company also lowers the cost ...

Xiaomi may be worth twice as much as Apple: Morgan Stanley - EJ Insight

Chinese smartphone maker Xiaomi Corp. has been dubbed “China's Apple” and its founder Lei Jun “China's Steve Jobs” in part because Lei also favors the simple design and convenient features preferred by the former Apple CEO. But according to Morgan ...

Xiaomi may be twice as expensive as Apple - Economic Times

HONG KONG: Chinese serial entrepreneur Lei Jun has been compared with Steve Jobs. Now, analysts are saying the smartphone giant he built could be twice as expensive as Apple Inc. Xiaomi Corp deserves to trade at a premium to global phone brands ...

Here is why Lie Jun's Xiaomi may be twice as expensive as Steve's Apple - Business Standard

Chinese serial entrepreneur Lei Jun has been compared with Steve Jobs. Now, analysts are saying the smartphone giant he built could be twice as expensive as Apple. Xiaomi deserves to trade at a premium to global phone brands due to its market-share ...

Lei Jun ">[lěi̯ tɕu̯ə́n]; born 16 December 1969) is a Chinese entrepreneur and the founder of Xiaomi Inc.

Lei Jun (simplified Chinese: 雷军; traditional Chinese: 雷軍; pinyin: Léi Jūn; [lěi̯ tɕu̯ə́n]; born 16 December 1969) is a Chinese entrepreneur and the founder of Xiaomi Inc.

Lei's net worth was estimated to be 35 billion US dollars since he owns 77.8% of Xiaomi, which is a $45 billion company. In 2011, Lei was ranked #201 on Forbes list of China’s 400 Richest. In 2014, he was named Businessman of the Year by Forbes.

In July 2015, Forbes ranked Lei Jun number 87 on their list of global billionaires with a personal worth of $13.2 billion.

In June 2016, Forbes described Lei Jun's net worth as $ 9.8 billion.