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Posted on: June 11, 2018, 7:06 a.m.
Xiaomi reported a ¥7 billion ($1.1 billion) net loss on revenue of ¥34.4 billion in the first quarter. : Beijing: Xiaomi Corp. revealed it lost more than $1 billion in the first three months, as the Chinese smartphone maker prepares to persuade investors to buy into the largest initial public offering (IPO) since 2014. The eight-year-old company has begun gauging demand for a first-time share sale intended to fuel its expansion beyond China and bankroll the development of devices and ... Full investment news articleRelevent to this post: Signature Family Wealth Advisors Louisiana Economic Development,