China: Online bank backed by smartphone maker Xiaomi to launch soon

A man uses his mobile phone in front of a screen showing a logo of Xiaomi at the launch ceremony of the Mi Note in Beijing, January 15, 2015. REUTERS/Jason Lee

A Chinese online bank backed by smartphones and home appliances maker Xiaomi Inc is set to launch services soon, after being officially established and rebranded recently, according to one of the venture’s investors.

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