Xiaomi Corp

Briefs

SINGAPORE (June 10): “A lot doesn’t depend on the retail shareholder; it depends on us to be able to ensure that what we put in front of us is in line with the objectives of the retail shareholder.”Temasek International CEO Dilhan Pillay Sandrasegara, downplaying the need for the state investment agency to introduce retail shareholder advocates.

US arms Taiwan

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Emerging markets rout presents buying opportunity, GIC CEO says

(Sept 6): The rout in emerging markets presents a potential buying opportunity, according to the chief executive officer of Singapore’s sovereign wealth fund.

“As a long term investor, we are not too perturbed,” GIC CEO Lim Chow Kiat said during a Q&A session at the Bloomberg Sooner Than You Think technology summit in Singapore on Thursday. “In some markets it will give us opportunities as well, in some companies or stocks, or even bonds that we like to buy. But the valuations were a bit stretched. Perhaps now is a better time.”

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China's Meituan Dianping sets HK IPO valuation at up to US$55 bil

(Sept 3): China’s Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of HK$60 to HK$72 ($10.48-$12.58) per share for its initial public offering (IPO) in Hong Kong, valuing itself at up to US$55 billion, four people with direct knowledge of the matter said.

Meituan, already one of China’s most valuable internet firms, could raise as much as US$4 billion ($5.5 billion) before the exercise of a “greenshoe” or over-allotment option, whereby additional shares are sold depending on demand.

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Xiaomi grapples with geopolitics and doubt on trading debut

BEIJING (Jul 9): It was hailed as the biggest and most important Chinese technology debut in years. Instead, Xiaomi Corp. begins life as a public company on the defensive, struggling to justify a lofty valuation while buffeted by a geopolitical storm beyond its control.

Is Xiaomi's IPO worth a punt?

SINGAPORE (June 25): Xiaomi Corp has planned its initial public offering (IPO) since last year and in Dec 2017, it was reported that the group was seeking a valuation of about US$50 billion ($67.4 billion).

See: Xiaomi seeks valuation of at least US$50 bil in IPO

This has since changed and now the group plans to raise around US$6 billion at HK$17-22 per share, still making it the world’s largest tech listing since Alibaba in 2014.

Can augmented reality help Apple iPhone X outgun cheaper alternatives?

(Sept 13): Apple Inc. packed its $1,000 ($1,350) iPhone with augmented reality features, betting the nascent technology will persuade consumers to pay premium prices for its products even as cheaper alternatives abound.

The iPhone X, Apple’s most expensive phone ever, was one of three new models Chief Executive Officer Tim Cook showed off during an event at the company’s new US$5 billion headquarters in Cupertino, California, on Tuesday. It also rolled out an updated Apple Watch with a cellular connection and an Apple TV set-top box that supports higher-definition video.

Chinese smartphone billionaire is doubling Xiaomi's bet on India

Lei Jun

BANGALORE/SYDNEY (March 31): The worst may be over for Xiaomi Corp. 

The Chinese smartphone maker once compared with Apple Inc. has resumed growth and global revenue should surpass US$15 billion ($21 billion) this year as an expensive gamble on India pays off, billionaire co-founder Lei Jun said.

After spending US$500 million in the subcontinent since its debut two years ago, he pledged another investment of that size over the next three to five years.

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