China's Xiaomi books $1 billion quarterly loss ahead of blockbuster IPO
https://www.reuters.com/article/us-xiaomi-results/chinas-xiaomi-books-1-billion-quarterly-loss-ahead-of-blockbuster-ipo-idUSKBN1J70GW
Chinese smartphone maker Xiaomi booked a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering.