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China's Xiaomi promises to cap hardware income margin ahead of IPO

China's Xiaomi promises to cap hardware income margin ahead of IPO

Postby smix » Wed Apr 25, 2018 4:59 pm

China's Xiaomi promises to cap hardware income margin ahead of IPO
Reuters

URL: http://www.reuters.com/article/us-china ... SKBN1HW0RC
Category: technologyNews
Published: Wed, 25 Apr 2018 03:42:35 -0400

Description: BEIJING (Reuters) - Chinese smartphone and smart device maker Xiaomi will cap income from its hardware business at 5 percent of total profits starting in 2018, as it looks to position itself as an internet services provider ahead of a highly-anticipated IPO.
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