Xiaomi's listing in Hong Kong looks to be a win for the region's new stock exchange rules. The lack of that option is one reason why Alibaba chose the USA over Hong Kong for its public listing, prompting the city's exchange to revise its rules. The operating profit for the company managed to reach 12.2 billion yuan ($1.9 billion) but here is the troubling part; the company still lost almost 44 billion yuan ($6.9 billion) in 2017 but that is thanks to the cost of converting preferred shares held by investors. In December 2017, Xiaomi counted 170.8 million active users on its custom Android platform, MIUI, with each user paying an average of 57.90 yuan or about $9.10 for the company's internet services, totalling a $1.6 billion revenue for that month alone. Operating profit rose sharply from 3.79 billion yuan in 2016 to 12.22 billion yuan a year ago.
Xiaomi's documents also shed light on some fine details about its fast-growing business.
In the first quarter of 2018, Xiaomi once again topped the Indian smartphone market, reporting an over 31 per cent market share - a whopping 155 per cent annual shipment growth.
Xiaomisaid it would have a weighted voting rights (WVR) structure, or dual-class shares.
It is the top smartphone seller in India and the fourth biggest in the world behind Samsung, Apple and Huawei, as previous year it garnered 28 per cent of its revenues from outside China. These devices include scooters, air purifiers and rice cookers and much more, however, the company drives most of its profits from internet services. It said it would use the money to develop new smartphones, smart TVs, home speakers, and other household gadgets, as well as to finance its ambitions to expand beyond the Chinese market.
Founded in 2010, the Chinesecompany was the fifth biggest smartphone maker in the world a year ago, shipping more than 92 million devices, according to research firm IDC.
Lei Jun, Co-founder and CEO, said CDRs was "an excellent idea" and a "great policy innovation". Still, the company warns that its retail store operation requires a substantial investment, which may explain its losses.
CLSA, Goldman Sachs Group and Morgan Stanley are joint IPO sponsors.
The last time we saw Ant-Man was in " Captain America: Civil War ", and the new film's story will pick-up after those events. But with both of them due to appear in Marvel's 2019 sequel, their upcoming solo adventure should explain their whereabouts.
An unnamed Taiwanese official told Reuters that China had won the country over with a $3.1 bn package of incentives and loans. Beijing announced on Tuesday morning that it would exchange ambassadors with the Dominican Republic "as soon as practicable".
The feature is launching in closed beta, and Facebook announced a handful of major brands using it: ASUS, Kia, Nike and Sephora. Facebook plans to roll out the feature to other countries, with additional languages, sometime in the future.
Battery life is set around 2 hours for playing games, and about 2.5 hours when you're streaming media and video content. That also means that all of the Gear VR's Oculus app and VR experience catalog will work with Oculus Go from day one.
I feel pained to see that falsehood, hatred and violence is rampant in the country today instead of truth, love and non-violence. Khurshid was reported to have told an event at Aligarh Muslim University that the Congress had bloodstains on its hands.
The two meetings in San Jose were split this season and the Sharks won the more recent contest 2-1 in overtime on March 22. Vegas entered the third period with a 3-1 lead but the Sharks rallied to tie the game 3-3 and force sudden death overtime.
Facebook is also adding a Watch Party feature, which means you can watch and comment on videos in realtime with your friends. It will work for both individuals and groups - and, you won't need to stop scrolling through your feed to have a video call.
Royal Bank of Canada upgraded shares of easyJet (LON:EZJ) to an outperform rating in a research report released on Friday morning. GBG is touching GBX 487.445 during the last trading session, after decreased 1.53%.GB Group plc has volume of 160,042 shares.
To get to the dating feature, you'll simply tap the heart icon in the top right corner of your Facebook profile. Shares of Match Group Inc , the owner of popular dating app Tinder , plunged 18 percent after the news.
It was after a foul spell spread across the library on campus that a fire brigade was sent out an alert stating a chemical hazard. In 2014, patients and staff from a Melbourne hospital were evacuated amid concerns there was a gas leak at one of the wards.
Facebook Launching New Dating Features
At least for now, the impression is that the Facebook Dating feature will be open to all the Facebook users who opt for it. It will show every piece of data from every website that has collected data on you and then sent it to Facebook .
Gerrard reveals talks with Rangers have been "positive"
The job would represent a huge task for the inexperienced 37-year-old considering that he has never managed at senior level. Asked about reports linking him with the post, Gerrard told BT Sport: "Yes, there is truth in the rumours".
Scotland ends cheap booze by setting minimum pricing
By targeting cheap alcohol, she said minimum pricing would discourage youngsters from drinking by making it less affordable. He said: "Minimum Unit Pricing has been a very complex and costly measure to introduce".
Danish citizen jailed under new Malaysian anti-fake news law
DANISH national Salah Salem Saleh Sulaiman has become the first person to be convicted under Malaysia's new anti-fake news law. The law applies to offenders outside Malaysia and includes foreigners, if the country or any of its citizens are affected.
Unchanged Daredevils bowl; Ngidi debuts for CSK
Dhoni made as many four changes in the playing eleven, bringing in du Plessis, Karn Sharma, Ngidi and young Kerala pacer KM Asif . But the mood in the Chennai camp is so relaxed that they even seem to have a laugh at someone's mistake too.
Plenty of sunshine and warmer weather expected
Next weekend may turn out pretty nice with partly cloudy skies and highs in the mid to upper 60s, which is generally seasonal. High pressure will clear the sky and bump up the temperature a bit this week after a cool, grey and damp weekend.
Sajid Javid appointed Home Secretary to replace Amber Rudd
Mr Javid, a former investment banker and MP for Bromsgrove since 2010, has been communities secretary for about 18 months. Rudd told lawmakers last week that there were no targets for the removal of people deemed to be in the country illegally.
Mueller has list of questions for Trump
Trump asked Comey to back off of the investigation of Flynn, the former FBI director claimed in a February 14, 2017 memo. Mueller hopes to ask Trump the objective for several meetings he had with Comey during the early days of his presidency.