Xiaomi shares dropped by 2.9 percent on the first day of its IPO listing
6 years, 6 months ago

Xiaomi shares dropped by 2.9 percent on the first day of its IPO listing

Firstpost  

Xiaomi priced its Hong Kong initial public offering at HK$17 per share, the bottom of an indicative range. Chinese smartphone maker Xiaomi Corp’s shares dropped 2.9 percent on debut in Hong Kong on 9 July, in a blow to investor sentiment for the tech sector as a raft of peers line up their own listings in the city. Xiaomi priced its Hong Kong initial public offering at HK$17 per share, the bottom of an indicative range, raising $4.72 billion in the world’s biggest technology float in four years. Xiaomi’s listing comes at a delicate time for Hong Kong’s stock market, with the benchmark Hang Seng index falling 2.7 percent last week and 5.8 percent this year as investors fret over escalating trade tensions between the United States and China. By contrast, China Literature Ltd, the e-book arm of Chinese gaming and social media firm Tencent Holdings, late last year raised $1.1 billion for its Hong Kong IPO amid heavy demand, with the retail portion being 625 times oversubscribed.

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History of this topic

China’s Xiaomi, Huawei leave Apple, Samsung in the dust as global smartphone market recovers
1 day, 12 hours ago

China’s Xiaomi, Huawei leave Apple, Samsung in the dust as global smartphone market recovers

Firstpost  

While Apple and Samsung both saw slight declines in shipments, Xiaomi experienced a notable 15.4 per cent growth in its shipments. This growth is attributed to the brand’s aggressive push into mid-range and budget segments Apple maintained its lead in global market share in 2024, holding 18.7 per cent of the market, closely followed by Samsung at 18 per cent. …

Hong Kong Counts on China-Traded Firms to Boost 2025 Listings
4 weeks ago

Hong Kong Counts on China-Traded Firms to Boost 2025 Listings

Live Mint  

Hong Kong’s dealmakers are betting on mainland-traded Chinese companies’ second listings to boost share-sale volumes next year, building on a pickup in recent months. Such listings could help lift Hong Kong’s initial public offering volumes to about $15 billion in 2025, according to a forecast by KPMG LLP, compared to $10.5 billion so far this year. “We expect Hong Kong …

Xiaomi's stocks jumped a record 103%, latest push powered by its latest EV ventures
1 month ago

Xiaomi's stocks jumped a record 103%, latest push powered by its latest EV ventures

Firstpost  

The company’s rapid success in the EV market mirrors its meteoric rise in the smartphone industry. Now, the company’s EV business is following a similar trajectory China’s EV market, the largest globally, is expected to see sales surpass 11 million units this year. From smartphones to EVs: A winning formula The company’s rapid success in the EV market mirrors its …

Hong Kong Takes Top Spot as Leading Global IPO Venue
2 months, 4 weeks ago

Hong Kong Takes Top Spot as Leading Global IPO Venue

China Daily  

Hong Kong reclaims its position as leading global IPO venue, ranking fourth in a seasonal review by global accounting firm KPMG. The city's largest IPO since 2022 was the listing of Midea Group, which raised more than HK$30 billion ($3.86 billion). The Macao Special Administrative Region drew nearly 1 million visitors during National Day Golden Week, with the majority from …

Hong Kong Regains Top Spot as Leading Global IPO Venue
2 months, 4 weeks ago

Hong Kong Regains Top Spot as Leading Global IPO Venue

China Daily  

Hong Kong reclaims its position as leading global IPO venue, ranking fourth in a seasonal review by global accounting firm KPMG. The city's largest IPO since 2022 was the listing of Midea Group, which raised more than HK$30 billion ($3.86 billion). The Macao Special Administrative Region drew nearly 1 million visitors during National Day Golden Week, with the peak coming …

The tea shops bubbling up Hong Kong’s anemic IPO market
9 months, 3 weeks ago

The tea shops bubbling up Hong Kong’s anemic IPO market

Live Mint  

Hong Kong’s IPO market was once the biggest in the world. At least four Chinese stores that sell bubble tea are preparing to go public in Hong Kong, where nine companies have listed shares so far this year. Hong Kong’s stock exchange once boasted more deals than anywhere else in the world, generating bumper fee revenues for Wall Street banks …

Push towards premium is a journey, and we’ll persist: Xiaomi’s Muralikrishnan B
10 months, 3 weeks ago

Push towards premium is a journey, and we’ll persist: Xiaomi’s Muralikrishnan B

Hindustan Times  

After successive tough few quarters that saw Xiaomi lose significant chunk of their market share, Muralikrishnan B, president of Xiaomi India, decided in July 2023 that it was time for a no-compromise approach towards reconstructing the tech company’s India business. Xiaomi India president Muralikrishnan B “At the beginning of 2023, is when we realised a few things haven’t gone as …

Value of Apple sales underperforms Huawei, Xiaomi on China's Singles Day
1 year, 1 month ago

Value of Apple sales underperforms Huawei, Xiaomi on China's Singles Day

The Hindu  

Apple saw a decline in the value of smartphone sales during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. China's e-commerce platforms such as Alibaba and JD.com did not release sales figures for the Singles Day festival, having dropped the practice last year, although JD.com said the …

India smartphone market dip 27% in Q4; entry-level, sub-₹ 25,000 segment most hit
1 year, 11 months ago

India smartphone market dip 27% in Q4; entry-level, sub-₹ 25,000 segment most hit

The Hindu  

Smartphones shipments in India plunged by over 27% to 29.6 million in the October-December quarter of 2022, from 40.6 million in the year-ago period, mainly due to inflationary pressures, market research firm IDC said on Friday. IDC India, Research Manager, Client Devices, Upasana Joshi said dearth of new launches in sub-$150 smartphone segment limited its growth. According to IDC Associate …

Xiaomi posts 20% revenue fall, hurt by China COVID-19 curbs
2 years, 4 months ago

Xiaomi posts 20% revenue fall, hurt by China COVID-19 curbs

The Hindu  

Chinese smartphone maker Xiaomi Corp. posted a steep drop in second quarter revenue on Friday as the world's biggest smartphone market shrank, hit by strict COVID restrictions. Sales fell 20% year on year to 70.17 billion yuan, missing estimates and marking a steeper decline from the previous quarter, when the company posted its first-ever revenue drop since listing. Data this …

SenseTime relaunches $767 million Hong Kong IPO after US investment ban
3 years ago

SenseTime relaunches $767 million Hong Kong IPO after US investment ban

The Hindu  

Chinese artificial intelligence start-up SenseTime Group relaunched its $767 million Hong Kong IPO on Monday, a week after pulling the listing in the wake of the company's inclusion on a U.S. investment blacklist. SenseTime said its inclusion on the U.S. blacklist did not impose any restrictions on its business operations, but added the resulting lack of U.S. investors could impede …

China plans to exempt Hong Kong IPOs from cybersecurity reviews
3 years, 5 months ago

China plans to exempt Hong Kong IPOs from cybersecurity reviews

Live Mint  

China plans to exempt companies going public in Hong Kong from first seeking the approval of the country’s cybersecurity regulator, removing one hurdle for businesses that list in the Asian financial hub instead of the U.S., according to people familiar with the matter. The cybersecurity exemption for Hong Kong, which is a special administrative region of China, would help soften …

Xiaomi to invest ₹100 crore in India over the next two years
3 years, 9 months ago

Xiaomi to invest ₹100 crore in India over the next two years

Live Mint  

Chinese smartphone maker Xiaomi on Thursday said it will invest ₹100 crore in India to double its retail touch points in the country to 30,000 in the next two years. While the Chinese brand did lose some of its market share in India this year, amid an overall drop in the country’s smartphone market, it has remained the top smartphone …

China's small tech firms step out of the shadows as giants reel from regulatory crackdown
3 years, 9 months ago

China's small tech firms step out of the shadows as giants reel from regulatory crackdown

The Hindu  

One firm's loss is another's gain. China's smaller technology companies and investors are eager to seize the day as a sweeping crackdown by anti-monopoly regulators on the country's internet giants creates a wealth of new opportunities. "Since December, we've seen clients whose credit lines have been reduced or restricted by lending giants transfer to our services," 360 DigiTech Chief Financial …

Xiaomi achieves 27% smartphone market share in India for Oct-Dec quarter in 2020: Report
3 years, 11 months ago

Xiaomi achieves 27% smartphone market share in India for Oct-Dec quarter in 2020: Report

Live Mint  

New Delhi: Indian smartphone industry has registered a new record 100 million smartphone shipments for the second half of the year 2020. According to the report, Samsung followed Xiaomi with 20% market share in the fourth quarter of 2020 and record a 35 per cent increase in year-on-year shipments. It grew 75 per cent YoY and is expected to increase …

Kuaishou stock pops 160% in Hong Kong IPO
3 years, 11 months ago

Kuaishou stock pops 160% in Hong Kong IPO

CNN  

Hong Kong CNN Business — Kuaishou’s stock skyrocketed in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus pandemic began. If the company exercises an over-allotment option, the total raised could hit 47 billion Hong Kong dollars. It’s the world’s biggest tech listing since Uber’s IPO in May 2019, and the largest public offering …

Xiaomi pips Samsung to regain top spot in Indian phone market
3 years, 11 months ago

Xiaomi pips Samsung to regain top spot in Indian phone market

Live Mint  

Chinese handset maker Xiaomi reclaimed the top spot with a 26% share of India’s smartphone market in the December quarter, after anti-China sentiments helped South Korea’s Samsung push ahead with a 24% market share in the previous quarter compared to Xiaomi’s 23%, as per Counterpoint Research. Though smartphone shipments grew 19% from the year earlier in the December quarter, shipments …

Asian capital markets may see some megahit IPOs next year
4 years ago

Asian capital markets may see some megahit IPOs next year

Hindustan Times  

The end of 2020 created a buzz in the financial market with initial public offer of companies like Burger King getting oversubscribed over 157 times. The Asian market is scheduled to see some valuable start-ups going public next year as some bankers suggest 2021 might turn out busier than the pandemic-hit year of 2020. Bloomberg reported William Smiley, co-head of …

Massive first day IPO gains evoke ’bubble’ risk
4 years ago

Massive first day IPO gains evoke ’bubble’ risk

Live Mint  

Massive gains posted by companies at their trading debut in regional stock markets in Asia this year are raising the spectre of a bubble, bankers and brokers said. The huge price pops have taken place across regional stock markets, including in Hong Kong, China, and India, prompting concerns that a "bubble" could be emerging. In Hong Kong, the valuation of …

Hong Kong’s stock market sees its future in Chinese tech
4 years, 5 months ago

Hong Kong’s stock market sees its future in Chinese tech

CNN  

Hong Kong CNN Business — Hong Kong is launching a new Nasdaq-like technology index. Hang Seng Indexes, the city’s leading index compiler, on Monday announced the creation of a new benchmark that will track the 30 largest tech firms that trade in Hong Kong. “We hope the move will help attract more tech companies to list in Hong Kong.” The …

Xiaomi Had a Great 2019 With Mi TV And Lifestyle Products Complementing Strong Smartphone Sales
4 years, 9 months ago

Xiaomi Had a Great 2019 With Mi TV And Lifestyle Products Complementing Strong Smartphone Sales

News 18  

Chinese conglomerate Xiaomi on Tuesday announced that its total revenue for 2019 exceeded 200 billion Chinese Yuan for the first time, reaching 205.8 billion Chinese Yuan, up 17.7 per cent year-on-year. In the fourth quarter of 2019, Xiaomi’s total revenue grew by 27.1 per cent to 56.5 billion Chinese Yuan. In 2019, Xiaomi’s revenues of the smartphones segment reached RMB …

Xiaomi Mi 10 Pro sold out in less than 1 minute in China despite carrying premium pricing
4 years, 10 months ago

Xiaomi Mi 10 Pro sold out in less than 1 minute in China despite carrying premium pricing

India Today  

Xiaomi’s phones always appeal to the masses with unmatched value. In an official teaser on Weibo, Xiaomi says that the Mi 10 Pro was all sold out within the 55 seconds of the sale going live. Moreover, the Mi 10 Pro currently has the world’s highest rated smartphone camera, with DxOMark rating the performance with a score of 124. The …

Xiaomi Mi 10 may launch in India but it could be more expensive than OnePlus 8
4 years, 11 months ago

Xiaomi Mi 10 may launch in India but it could be more expensive than OnePlus 8

India Today  

Xiaomi unveiled the Mi 10 in China a couple of hours ago and soon after that, Xiaomi VP Manu Kumar Jain announced that the Mi 10 might make it to the Indian shores soon. Xiaomi wants to play in the premium smartphone space with its Mi series phones this year and after showing the high-end Mi Mix Alpha concept, the …

BBK Group maintained lead over Xiaomi in 2019: Report
4 years, 11 months ago

BBK Group maintained lead over Xiaomi in 2019: Report

India TV News  

Chinese behemoth BBK Group, the parent company of OPPO, Vivo, Realme and OnePlus brands, dominated the India smartphone market with 37 per cent share for the full year 2019, compared to 28 per cent of Xiaomi, reveals latest data from Counterpoint Research. In the fourth quarter of 2019, the BBK Group captured a mammoth 43 per cent share in the …

Xiaomi to launch 10 5G smartphones carrying different price tags in 2020: Report
5 years, 1 month ago

Xiaomi to launch 10 5G smartphones carrying different price tags in 2020: Report

Live Mint  

Beijing: Chinese handset maker Xiaomi is aiming to introduce at least 10 5G smartphones in 2020 as it mulls quickly making 5G devices just as common as 4G phones. According to the handset maker's founder Lei Jun, Xiaomi aims to launch 5G phones that could cover the full range of prices from the lower to the higher end. During the …

Alibaba Hong Kong shares set to bring in $12.9 billion in secondary listing
5 years, 1 month ago

Alibaba Hong Kong shares set to bring in $12.9 billion in secondary listing

CNN  

Hong Kong CNN Business — Alibaba put a price on its highly anticipated Hong Kong stock market debut on Wednesday, the world’s biggest share sale of the year so far. The price falls short of the 188 Hong Kong dollars Alibaba had set as a ceiling last week, but the transaction will still raise about $12.9 billion for the company, …

Alibaba listing: Company finds strong demand for Hong Kong shares despite turmoil in the city
5 years, 1 month ago

Alibaba listing: Company finds strong demand for Hong Kong shares despite turmoil in the city

CNN  

Hong Kong CNN Business — Investors are falling over themselves to buy into Alibaba’s debut on the Hong Kong stock market. The Hong Kong listing was “multiple times subscribed,” the person said, adding that the final price retail investors will pay for the Hong Kong listing will be based on Alibaba’s closing price Tuesday in New York, where its shares …

Alibaba wants to raise $13.4 billion in Hong Kong listing
5 years, 2 months ago

Alibaba wants to raise $13.4 billion in Hong Kong listing

CNN  

London CNN Business — Chinese e-commerce giant Alibaba has announced plans to raise up to $13.4 billion by issuing shares in Hong Kong, a vote of confidence in the Asian financial hub that has been rocked by months of civil unrest. Alibaba will price 500 million new shares on or around November 20, with trading starting in Hong Kong roughly …

Taking stock: Hong Kong’s investors feel the heat of protests
5 years, 2 months ago

Taking stock: Hong Kong’s investors feel the heat of protests

Al Jazeera  

Hong Kong, China – Like many people in Hong Kong, Daisy Chan checks her stocks dozens of times every day. “I think the situation could potentially turn very bad, very quickly, so I am paying close attention to the news every day,” Chan told Al Jazeera, noting that she is adopting various strategies to limit her losses, which she said …

Xiaomi leads India smartphone market; Vivo, Realme close in on Samsung
5 years, 2 months ago

Xiaomi leads India smartphone market; Vivo, Realme close in on Samsung

Live Mint  

NEW DELHI :Multiple online sales festivals, new launches and price corrections on a few key models by brands helped smartphone shipments in India grow 9.3 per cent in the July-September quarter to touch record 46.6 million units, research firm IDC said on Monday. The feature phone market, which accounted for 43.3 per cent of the total mobile phone shipments, registered …

Alibaba eyes November window for $10 bn IPO
5 years, 2 months ago

Alibaba eyes November window for $10 bn IPO

Live Mint  

Alibaba Group Holding Ltd is deciding between launching a sharply reduced $10 billion Hong Kong share sale in November or delaying the deal till next year as global uncertainty mounts, people familiar with the matter say. It can proceed with a required initial public offering hearing—either after its 1 November earnings or 11 November Singles’ Day shopping gala—or risk postponing …

Xiaomi plans to launch over ten 5G phones next year
5 years, 2 months ago

Xiaomi plans to launch over ten 5G phones next year

Live Mint  

Wuzhen, China: Chinese smartphone maker Xiaomi Corp plans to launch more than ten 5G phones in 2020, CEO Lei Jun said on Sunday, speaking at the World Internet conference in the eastern Chinese town of Wuzhen. “So we hope that operators can speed up their expansion of 5G base stations.” Xiaomi’s share price has fallen steadily this past year as …

Hong Kong’s political crisis isn’t a deal breaker for investors right now
5 years, 3 months ago

Hong Kong’s political crisis isn’t a deal breaker for investors right now

CNN  

Hong Kong CNN Business — Protests have paralyzed many parts of Hong Kong for months, trashing its retail economy and prompting an outflow of money to Singapore. The day before Tuesday’s violent escalation, Anheuser-Busch InBev listed its Asia business on the Hong Kong Stock Exchange, raising $5 billion in the second biggest IPO of the year after Uber. “Budweiser’s IPO …

Transsion IPO in China raises $400 million for smartphone maker
5 years, 3 months ago

Transsion IPO in China raises $400 million for smartphone maker

CNN  

Hong Kong CNN Business — Chinese smartphone maker Transsion, which is dominating Africa with its Tecno brand, has raised nearly $400 million in an IPO on China’s hot new tech-focused stock market. The share sale pushes Transsion’s valuation to $3.95 billion and establishes the company as one of the biggest attractions on the Star Market, China’s answer to the Nasdaq. …

Xiaomi becomes youngest company on Fortune Global 500 list
5 years, 5 months ago

Xiaomi becomes youngest company on Fortune Global 500 list

Live Mint  

Chinese smartphone manufacturer Xiaomi has become the youngest company on the Fortune Global 500 list for 2019, ranking 468, with a revenue of $26,443.50 million and a net profit of $2,049.10 million in the previous fiscal. The Beijing-based global technology firm on Monday announced that the company has, for the first time, made the Fortune Global 500 list, nine years …

China's Alibaba Group files for Hong Kong listing, may raise $20 billion as soon as third quarter
5 years, 7 months ago

China's Alibaba Group files for Hong Kong listing, may raise $20 billion as soon as third quarter

Firstpost  

China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as the third quarter of this year, a person with direct knowledge of the matter said Hong Kong: China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that …

Xiaomi beat quarterly profit estimates as it dominated the fast-growing Indian market
5 years, 9 months ago

Xiaomi beat quarterly profit estimates as it dominated the fast-growing Indian market

Firstpost  

Xiaomi is cutting its dependence on China, where the economy in 2018 expanded the least in 30 years. Chinese smartphone maker Xiaomi Corp beat quarterly profit estimates as it dominated the fast-growing Indian market and sold more expensive handsets in Western Europe, but shares slid as revenue fell short of expectations. Revenue for the quarter surged 27 percent to 44.4 …

Xiaomi Mi 9 launching in China on February 20
5 years, 11 months ago

Xiaomi Mi 9 launching in China on February 20

India TV News  

Xiaomi announces that the company will be launching the Xiaomi Mi 9 in China on 20th February, which happens to be the same date when Samsung will be launching the Galaxy S10 series in San Francisco. Also, read: Samsung Foldable smartphone launch confirmed for February 20 Xiaomi co-founder Lei Jun made it public on his official Weibo account on the …

Xiaomi leads India smartphone market in 2018, Samsung second
5 years, 11 months ago

Xiaomi leads India smartphone market in 2018, Samsung second

The Quint  

New Delhi, Feb 12 Chinese brand Xiaomi with 28.9 per cent market share led the Indian smartphone market in 2018, followed by South Korean brand Samsung at 22.4 per cent and Vivo at 10 per cent, an International Data Corporation report said on Tuesday. "The premium end of the market outgrew all other price segments in 2018 with 43.9 per …

Xiaomi relying on 5G tech for demand as shares slump
6 years ago

Xiaomi relying on 5G tech for demand as shares slump

Live Mint  

Xiaomi Corp.’s billionaire co-founder, shrugging off a share slump that wiped $6 billion off its market value in just three days, expects the advent of next-generation wireless to energize demand for its smartphones. While Lei declined to comment on how an economic deceleration might affect his business, he did say 5G will revive not just demand for smartphones, but also …

SoftBank Corp shares slide 10% on debut after record Japan IPO
6 years ago

SoftBank Corp shares slide 10% on debut after record Japan IPO

Live Mint  

Tokyo: SoftBank Corp shares slumped more than 10% in their debut on Wednesday, as investor appetite for Japan’s biggest ever IPO was hurt by a recent major service outage and worries over its exposure to Chinese telecom gear maker Huawei. Following its $23.5 billion initial public offering, shares of the telecoms unit of SoftBank Group Corp fell as far as …

Tencent aims to hit the right note with IPO
6 years, 1 month ago

Tencent aims to hit the right note with IPO

China Daily  

The stand of Tencent Holdings Ltd's music arm at an industry expo in Beijing. With a combined 800 million monthly active users, Tencent's music subsidiary runs four leading mobile music apps in China, namely QQ Music, Kugou Music, Kuwo Music and mobile karaoke app WeSing. Tencent has a 58 percent stake in TME, while Swedish music streaming peer Spotify Technology …

Xiaomi swings to profit in Q3 on robust India, Europe sales
6 years, 1 month ago

Xiaomi swings to profit in Q3 on robust India, Europe sales

Live Mint  

Hong Kong: Chinese smartphone maker Xiaomi Inc said on Monday it swung to a net profit in the third quarter, beating analyst estimates, driven by robust sales in India and Europe. Xiaomi also said operating profit sank 38.4% to 3.59 billion yuan in the third quarter. As the firm prepared for its IPO, founder Lei Jun touted internet services - …

Tencent market value slumps by $20 billion after Chinese crackdown on gaming
6 years, 4 months ago

Tencent market value slumps by $20 billion after Chinese crackdown on gaming

Firstpost  

Chinese Ministry called on parents to limit the time their children spend using mobile phones. Tencent Holdings’ market value slumped by around $20 billion on Friday after China intensified a crackdown on online gaming citing rising levels of myopia, heightening regulatory risks for companies in the world’s biggest gaming market. Tencent has lost more than $160 billion in market value …

Tencent loses $20 billion in value after China attacks myopia with gaming curbs
6 years, 4 months ago

Tencent loses $20 billion in value after China attacks myopia with gaming curbs

Live Mint  

Hong Kong/Beijing: Tencent Holdings’ market value slumped by around $20 billion on Friday after China intensified a crackdown on online gaming citing rising levels of myopia, heightening regulatory risks for companies in the world’s biggest gaming market. The limits came around the same time as Tencent drew scrutiny from China’s communist party mouthpiece, the People’s Daily, which described “Honour of …

Xiaomi is the biggest smartphone maker in India with 29.7 percent market share: IDC
6 years, 5 months ago

Xiaomi is the biggest smartphone maker in India with 29.7 percent market share: IDC

Firstpost  

Xiaomi continued to be the number one smartphone vendor in the online smartphone market with 55.6 percent Smartphone users in India were left confused on Monday after global market research firm International Data Corporation crowned Xiaomi with a market share of 29.7 percent and placed Samsung in the second spot with 23.9 percent share in the second quarter of 2018. …

Xiaomi drops on market debut as investors question its internet vision
6 years, 6 months ago

Xiaomi drops on market debut as investors question its internet vision

Live Mint  

Beijing: Xiaomi Corp. fell as much as 6% on its debut, as an escalating trade war and uncertainty about its valuation combined to dampen Hong Kong’s biggest coming-out party in two years. It’s a lukewarm showing for an ambitious smartphone label with designs on expanding globally and transforming from a low-margin hardware company into an internet services player in the …

Xiaomi IPO raises $4.7 billion after pricing on low end
6 years, 6 months ago

Xiaomi IPO raises $4.7 billion after pricing on low end

Live Mint  

Hong Kong: Xiaomi Corp. and some existing investors raised $4.7 billion after pricing a Hong Kong initial public offering at the low end of a marketed range, a person with knowledge of the matter said. The smartphone maker, led by serial entrepreneur Lei Jun, is the first major tech listing in Hong Kong since the city changed its rules to …

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