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Xiaomi out to prove it can compete beyond emerging markets

Smartphone maker taps into CK Hutchison's European store network ahead of IPO

  © Reuters

HONG KONG -- Chinese smartphone maker Xiaomi has teamed up with Hong Kong's CK Hutchison Holdings to push deeper into European markets, ahead of an initial public offering expected to be the biggest since Alibaba Group Holding's splash in 2014.

The thrust of the alliance with CK Hutchison, founded by recently retired tycoon Li Ka-shing, is for Xiaomi to establish a bigger presence in developed markets through the property conglomerate's vast retail network.

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