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Thursday 10 March 2016

Xiaomi is in No Hurry to Enter the Stock Exchange



The Chinese smartphone manufacturer Xiaomi, which currently is one of the most expensive in the world of private companies do not hurry to enter the stock market. This was told by the founder and CEO Lei Jun at the National People's Congress (China's National People's Congress).

Xiaomi is in No Hurry to Enter the Stock Exchange


According to him, the initial public offering of shares Xiaomi should pass naturally. Mr. Chun also said that he already has the experience of control of several public companies.

Chapter Xiaomi does not rule out the transition from a private company into a public status, but now, as noted by the top manager, the time has not come yet. No specific terms, he did not name.
In 2015, Xiaomi has sold more than 70 million smartphones, not completing the task for the implementation of 80 million units. Lei Jun believe that the market for mobile Internet products and services, there will be a new surge in demand.
Chapter Xiaomi said that the great potential of a business associated with living in rural areas selling devices and services to users, since the 4G-network is actively deployed and high-performance smart phones prices fall.

Lei Jun, Xiaomi does not hide the interest in robotics and virtual reality technologies but to develop the automobile market as it does some of Baidu and other Chinese IT-companies. 

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