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Two years on, Xiaomi’s market value shoots past its $100bn IPO target

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Two years on, Xiaomi’s market value shoots past its $100bn IPO target
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Chinese smartphone maker reported in November its fastest quarterly sales growth

Pedestrians walk past a logo at a Xiaomi store in Hong Kong. Picture: PAUL YEUNG/BLOOMBERG

The firm’s stock rallied as much as 9.1% on Wednesday to a new record in Hong Kong, making it the 13th stock in the city’s benchmark Hang Seng index to have a market capitalisation above $100bn.

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