China's Xiaomi defers mainland CDR offering until after Hong Kong listing

China's Xiaomi defers mainland CDR offering until after Hong Kong listing

A "MI" logo stands outside the main entrance of the Xiaomi Corp. headquarters in Beijing, China. Photographer: Edmond Lococo/Bloomberg

Chinese smartphone marker Xiaomi will postpone its application for a mainland share offering until after it completes a separate listing in Hong Kong, the firm said on Tuesday, casting a pall on Beijing’s drive to lure tech giants back home.

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