SHANGHAI -- Smartphone maker Xiaomi has postponed a listing in Shanghai to concentrate on its Hong Kong initial public offering as worries about the impact of a U.S.-China trade war undercut mainland stocks.
The Beijing-based company will look for another opportunity to issue Chinese depositary receipts after the Hong Kong IPO, a spokesperson said on Tuesday. At Xiaomi's request, China's securities regulator canceled a final review of the company's Shanghai listing application that day.
