According to Bloomberg News, Li Ka-shing’s corporate president and his company reached a strategic cooperation with Xiaomi. Changhe will disclose the details of its strategic alliance with Xiaomi on May 3. Sina Tech has verified specific cooperation with Xiaomi, and Xiaomi said that it would not comment.
The Hong Kong Stock Exchange's newly-developed "Listing Rules" came into effect on April 30, opening up restrictions on the listing of companies with different rights structure. According to Hong Kong media reports, private equity fund sources disclosed that Xiaomi's pre-listing equity trading At the end of last week, but the valuation of the company corresponding to the latest transaction price still failed to break the previous level of 65 billion to 70 billion US dollars, equivalent to 510 billion to 544.9 billion Hong Kong dollars, it is expected that the company will soon submit a listing application. It is not known whether the cooperation with Xiaomi involves the listing.
Previously, Xiaomi had cooperated with Li Ka-shing's companies. In March 2014, Xiaomi worked with Li Ka-shing's wireless operator 3 Hong Kong (Hong Kong) to publish Xiaomi in Hong Kong 3. Li Ka-shing's global telecommunications division 3 Group (3) Group) provides services in Italy, the United Kingdom, Indonesia, Vietnam and Hong Kong and other countries and regions. Further cooperation between the two parties will help the internationalization of Xiaomi's business.