Updated 13:10, 21 June 2018: Qualcomm is now the sole foreign company on the list of cornerstone investors. The article and its headline have been amended to reflect this development.  

Chinese smartphone manufacturer Xiaomi’s cornerstone investor list has been released ahead of its Hong Kong IPO. The roll contains only one foreign firm, highlighting a disparity between the views of foreign and local firms about the company’s valuation.

Investors on the list include US-based chipmaker Qualcomm, the asset management businesses of Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, and China Everbright, as well as Poly Group and Shanghai Municipal Investment Group. The IPO is said to be worth between $65 billion and $80 billion.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

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.