Breakingviews - Xiaomi's grand plan gets market reckoning

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Xiaomi’s grand plan gets market reckoningAfter Apple warned of weakness in China, Lei Jun’s $33 bln smartphone maker lost a quarter of its market value. The end of a post-IPO freeze on share sales also hurt. It’s time for Xiaomi to tone down “new species” talk and keep proving it can sell more handsets internationally.
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Xiaomi’s grand plan gets market reckoningAfter Apple warned of weakness in China, Lei Jun’s $33 bln smartphone maker lost a quarter of its market value. The end of a post-IPO freeze on share sales also hurt. It’s time for Xiaomi to tone down “new species” talk and keep proving it can sell more handsets internationally.
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