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Xiaomi’s Weak I.P.O. Raises Doubts About China’s Tech Boom

Jul 10 , 2018

HONG KONG — Xiaomi’s public debut was supposed to value the Chinese gadget maker at $100 billion and set the stage for a global coming-out party for some of China’s most successful technology companies.

When Xiaomi finished its first day of trading on Monday, the company was worth only $48 billion, weakness that could hang over the rest of the Chinese tech players waiting to go public.

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