Xiaomi's tepid debut signals trouble for upcoming HK tech listings

Xiaomi's tepid debut signals trouble for upcoming HK tech listings

Lei Jun at Xiaomi's listing ceremony in Hong Kong. Photographer: Anthony Kwan/Bloomberg

Xiaomi Corp made a weak debut in Hong Kong on Monday, with the Chinese smartphone maker’s shares sliding as much as 6 percent on valuation concerns, in an ominous sign for its technology sector peers lining up listings in the city.

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