Thursday, 21 June 2018 ()
Qualcomm is the only foreign cornerstone investor in Xiaomi, after the Chinese smartphone maker secured a US$100 million investment from the US chip maker for its IPO that will value it as high as US$70 billion, according to a term sheet seen by the South China Morning Poston Thursday. Qualcomm investment makes it the only foreign player among its seven cornerstone investors, who will lock up their investments in the company for six months. Xiaomi pushes ahead with Hong Kong IPO amid standoff...