China's Xiaomi promises to cap hardware income margin ahead of IPO
https://www.reuters.com/article/us-china-xiaomi-strategy/chinas-xiaomi-promises-to-cap-hardware-income-margin-ahead-of-ipo-idUSKBN1HW0RC
Chinese smartphone and smart device maker Xiaomi will cap income from its hardware business at 5 percent of total profits starting in 2018, as it looks to position itself as an internet services provider ahead of a highly-anticipated IPO.
China's Xiaomi promises to cap hardware income margin ahead of IPO
Apr 25, 2018, 8:17am UTC
https://www.reuters.com/article/us-china-xiaomi-strategy/chinas-xiaomi-promises-to-cap-hardware-income-margin-ahead-of-ipo-idUSKBN1HW0RC
>Chinese smartphone and smart device maker Xiaomi will cap income from its hardware business at 5 percent of total profits starting in 2018, as it looks to position itself as an internet services provider ahead of a highly-anticipated IPO.