Xiaomi founder Lei Jun discloses price tags for new smartphones during a product launch in Shenzhen, China May 31, 2018. REUTERS/Bobby Yip
SHENZHEN, China: Chinese smartphone maker Xiaomi, lining up for a US$10bil (RM39.83bil) IPO, held a rock concert-style launch on May 31 to unveil its latest flagship smartphone and a virtual reality headset developed with Facebook Inc's Oculus.
The smartphone and connected device maker is looking to rev up excitement levels with its fans – and potential investors – ahead of the Hong Kong listing that could come as soon as June, as it looks to justify a sky-high expected valuation.
