Xiaomi, the Chinese gadget maker that has become one of the world's largest smartphone companies, has picked Hong Kong to list its shares in what is widely expected to be a major initial public offering. The company stumbled two years ago as other Chinese companies, like Huawei and Oppo, began turning out phones at competitive prices. Since then, Xiaomi has refurbished its lineup and begun an expansion into India and other new markets. (Xiaomi, a Chinese Start-Up, Picks Hong Kong for a Major I.P.O, by the New York Times)
Comment
Amidst the changeable global market, the Chinese smartphone producer should not regard its cheap price of the products as competitive power. Instead, they should beef up R&D to build cut-edging technology on the basis of constantly innovation.
(Editor Li Xingyi)
(All contents of this newspaper may not be reproduced or used without express permission)