Consumer electronics company Xiaomi is rumored to be applying for a Hong Kong listing with an estimated valuation of $65 billion to $70 billion, according to local media.

The report states the company is in the final stages of readying itself and plans to submit its application by May at the earliest. It also intends to list in Mainland China.

There has been no official statement from the company so far.

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Chris Udemans

Christopher Udemans is a Shanghai-based data and graphics reporter. He covers Chinese artificial intelligence, mobility, and cybersecurity. You can contact him at chrisudemans [at] technode [dot] com.