Uncategories Xiaomi logs $1 billion first-quarter loss but record overseas revenue ahead of IPO

Xiaomi logs $1 billion first-quarter loss but record overseas revenue ahead of IPO

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Expectations of a highly sought after IPO have grown after Xiaomi, founded only eight years ago, blew past its 100 billion yuan ($15.6 billion) sales target for 2017 with a couple of months to spare.

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