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Chinese smartphone manufacturer Xiaomi's shares started sluggish on Monday as trade frictions between Washington and Beijing intensified, shaking global financial markets. Xiaomi opened on the Hong Kong Stock Exchange with a price of 16.6 Hong Kong dollars (1.79 euros), below the $ 17 forecast in the initial bid, and fell 4% to noon today, but recovered before closing The group's founder, Lei Jun, acknowledged that the company's entry into the stock market comes at a "critical" moment in China's trade relations with Hong Kong. the United States, motivated by Beijing's policy for the technology sector, which has caused the volatility of global stock markets.
"Despite the macroeconomic conditions, which are far from ideal, we think that a large company may face the challenge (19659002) Before being listed, the company predicted a market value of $ 54 billion ($ 46 billion), below the original proposal of $ 100 billion ($ 83 billion), which, if confirmed, would be the IPO the largest in the world in recent years.
The Beijing-based company is the world's fourth largest manufacturer of "According to the International Data Corp. studies company
Founded there eight years ago, the Chinese firm was a pioneer in the production of cheap smartphones and claims to want to become a smartphone.
Xiaomi is already marketed in Portugal through the stores of Fnac, Worten and NOS, and has its own sales areas.
Friday, United States This is the first of a series of retaliatory measures taken by Washington against allegedly "predatory" tactics by Beijing to develop its technology sector.
in particular by forcing foreign companies to transfer technology in exchange for access to the Chinese market
China is committed to punishing US exports of the same amount, raising fears of a trade war between the two largest economies in the world.
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