Xiaomi seeks at least US$50 billion valuation in its initial public offering plan

S.China Morning Post Monday, 4 December 2017 ()
Xiaomi Corp., the Chinese smartphone maker that was once the most valuable start-up in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least US$50 billion, according to people familiar with the matter. The Beijing-based company is considering an offering as soon as next year with banks suggesting Hong Kong as the most likely destination, said the people, requesting not to be named because the matter is private. While banks have...
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News video: Blue Apron Shares Rise After CEO Steps Down

Blue Apron Shares Rise After CEO Steps Down 00:53

 Following the announcement that CFO Brad Dickerson will be the new CEO of Blue Apron, shares for the food ingredient delivery service went up 6.51%. Dickerson replaces Blue Apron founder Matt Salzberg, who is stepping down as CEO and president. Before announcing his resignation, Salzberg led the...