https://techcrunch.com/2018/06/19/xiaomi-postpones-plan-to-sell-shares-in-china-alongside-hong-kong-ipo/

Chinese smartphone giant Xiaomi has shelved a plan to sell shares in China in conjunction with its imminent Hong Kong IPO. The company will instead go public in Hong Kong first and consider the potential for a Chinese offering at a later date.

The change in strategy was confirmed in a message posted to Xiaomi’s Weibo account without specific explanation. Reuters reported that the move was down to a dispute over valuation. Xiaomi declined to comment further when asked by TechCrunch.