China’s Xiaomi says it has no plans for IPO

(Reuters) – China’s most valuable start-up Xiaomi is financially self-sufficient and has no plans to raise funds, its global vice-president said on Monday. Xiaomi, the world’s fifth-largest smartphone vendor, also has no plans for an initial public offering, Hugo Barra told Reuters in an interview. Xiaomi missed its global shipment target by 12 percent, selling […]...