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Xiaomi files for IPO in Hong Kong, set to compete with Alibaba Group in market value

Xiaomi files for IPO in Hong Kong, set to compete with Alibaba Group in market value https://ift.tt/2HIAApbChinese smartphone maker Xiaomi is soon expected to compete with Alibaba Group in market value as it hopes to reap $10 billion from an initial public offering (IPO) in Hong Kong. If the company achieves the target, its value will reach $100 billion.

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