China's Xiaomi cuts valuation to $55 billion-$70 billion: sources
June 19, 2018 at 03:40 AM EDT
SHANGHAI/HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said.
