https://www.reuters.com/article/us-xiaomi-ipo-valuation/chinas-xiaomi-cuts-valuation-to-55-billion-70-billion-sources-idUSKBN1JF0SB

SHANGHAI/HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said.