Billionaire trio Li Ka-Shing, Jack and Pony Ma grab a slice of Xiaomi’s IPO

Billionaire trio Li Ka-Shing, Jack and Pony Ma grab a slice of Xiaomi’s IPO

The Xiaomi Corp. Mi MIX 2S smartphone sits on display at an unveiling event in Shanghai, China, on Tuesday, March 27, 2018. Xiaomi unveiled its latest top-tier smartphone to bring the fight to Apple and Samsung, as the Chinese startup readies a highly anticipated initial public offering. Photographer: Qilai Shen/Bloomberg Photo by Bloomberg

China’s richest people are buying into Xiaomi Corp.’s imminent Hong Kong initial public offering, conferring their imprimatur on the world’s biggest coming-out party in two years.

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