{"id":31463,"date":"2018-06-12T19:07:02","date_gmt":"2018-06-12T19:07:02","guid":{"rendered":"http:\/\/ismartnetwork.co.uk\/?p=31463"},"modified":"2018-06-12T19:07:02","modified_gmt":"2018-06-12T19:07:02","slug":"xiaomi-the-so-called-apple-of-china-just-recorded-1-billion-in-quarterly-loss-ahead-of-its-10-billion-ipo","status":"publish","type":"post","link":"https:\/\/ismartnetwork.co.uk\/?p=31463","title":{"rendered":"Xiaomi, the so-called ‘Apple of China,’ just recorded $1 billion in quarterly loss ahead of its $10 billion IPO"},"content":{"rendered":"

\"Xiaomi\"REUTERS\/Edgard Garrido<\/p>\n<\/p>\n

The Chinese smartphone maker Xiaomi recorded a quarterly net loss of $1.09 billion USD.
\nThe news comes ahead of the company’s IPO, which is expected to raise $10 billion according to sources.
\nThe IPO could be the largest global listing in almost four years.<\/p>\n

Chinese smartphone maker Xiaomi booked a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering.<\/p>\n

That compares with a net loss of 43.89 billion yuan for the whole of 2017, according to its draft prospectus.See the rest of the story at Business Insider<\/a><\/p>\n

NOW WATCH: A Navy SEAL explains why you should get up at 4:30 am every day<\/a><\/p>\n

See Also:<\/p>\n

28 stars you didn’t know were in the ‘Star Wars’ movies<\/a>Share your opinion \u2014 Become a BI Insider today<\/a>ZTE Chairman apologizes, promises to shake up leadership and pay the US a $1 billion fine<\/a><\/p>\n

SEE ALSO: The CEO of one of China’s biggest phone makers said the company might start selling its smartphones in the US this year<\/a><\/p>\n

<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>
\n\"\"\/<\/p>\n

<\/div>\n

Read more: feedproxy.google.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

REUTERS\/Edgard Garrido The Chinese smartphone maker Xiaomi recorded a quarterly net loss of $1.09 billion USD. The news comes ahead of the company’s IPO, which is expected to raise $10 billion according to sources. The IPO could be the largest global listing in almost four years. Chinese smartphone maker Xiaomi booked a first-quarter net loss …<\/p>\n","protected":false},"author":1,"featured_media":31464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[15909,15906,15907,15911,15912,15908,15910],"class_list":["post-31463","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-uncategorized","tag-ahead","tag-billion","tag-loss","tag-maker","tag-recorded","tag-xiaomi","tag-yuan"],"jetpack_featured_media_url":"https:\/\/ismartnetwork.co.uk\/wp-content\/uploads\/2018\/06\/5b1eb6661ae66242008b4fff-640-3201528830425.jpg","_links":{"self":[{"href":"https:\/\/ismartnetwork.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/31463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ismartnetwork.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ismartnetwork.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ismartnetwork.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ismartnetwork.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31463"}],"version-history":[{"count":0,"href":"https:\/\/ismartnetwork.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/31463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ismartnetwork.co.uk\/index.php?rest_route=\/wp\/v2\/media\/31464"}],"wp:attachment":[{"href":"https:\/\/ismartnetwork.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ismartnetwork.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ismartnetwork.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}