The Smartphone maker Xiaomi will begin selling its smartphones in the UK under a partnership with Hutchinson’s Three as
“China’s Apple” turns its attention to the west.
The news came as the firm
announced its IPO on the Hong Kong stock exchange seeking to raise
at least $10bn (£7.3bn), in what could be the largest offering since Chinese e-commerce conglomerate Alibaba’s $25bn listing in New York in 2014.
Xiaomi, the world’s fourth-largest smartphone maker, has made a name for itself selling high-end phones at rock-bottom prices but has been limited to China and other developing markets, such as India.
It made its first move into western Europe by debuting in Spain in November last year. The partnership with Hutchinson will lead to Xiaomi phones being sold through Three stores in the UK and Ireland, as well as Austria, Denmark,
Hong Kong and Sweden.
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