Xiaomi's looming $10b IPO has Hong Kong bracing for cash crunch

Xiaomi's looming $10b IPO has Hong Kong bracing for cash crunch

A Xiaomi Corp. Mi Mix 2 smartphone sits on display during a launch event in Beijing, China, on Monday, Sept. 11, 2017. Photographer: Giulia Marchi/Bloomberg

Snaring what is shaping up to be the world’s biggest initial public offering of 2018 could be a double-edged sword for Hong Kong.

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