Xiaomi: what treasurers can learn from its $20b accumulated losses
If you want to see IFRS in action, look no further than the estimated $100bn Xiaomi mega-IPO. The Chinese tech giant's growth in value can look like accumulated losses depending on your accounting standard.
The world’s fourth largest smartphone maker, China’s Xiaomi, last week became the first major company to announce it would use Hong Kong’s new listing rules to go public -and it’s expected to be the biggest initial public offering (IPO) worldwide since Alibaba’s $25 billion debut in 2014.
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