Prominent Chinese Billionaires Invest into Xiaomi Ahead of its IPO

Prominent Chinese Billionaires Invest into Xiaomi Ahead of its IPO

6 years ago
Anonymous $cyhBy-qkd5

https://wccftech.com/prominent-chinese-billionaires-invest-into-xiaomi-ahead-of-its-ipo/

Pony Ma, Li Ka-shing, and Jack Ma may not be household names in Western countries but they are the among the very richest men in China and they are buying stakes into Xiaomi ahead of its initial public offering.

Li Ka-shing, worth $38 billion is a Chinese business mogul known as “Superman” around Hong Kong. Jack Ma founded the massive internet giant Alibaba and is worth $46 billion, Pony Ma, Tencent chairman, is worth $44 billion himself. The Ma’s are the two richest men in China and all three have taken positions of differing values in Chinese electronics giant Xiaomi.

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