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Xiaomi founder and Chief Executive Lei Jun describes the technology company as a "new species" not comparable to others. (Photo by Koko Chung)
Company in focus

Xiaomi is in a class of its own, founder claims

Chinese smartphone upstart challenges market analysts ahead of stock listing

NIKKI SUN, Nikkei staff writer | China

HONG KONG -- Xiaomi knows how to keep the cost of its smartphones low.

But the Chinese technology company has high hopes for its share price as it prepares for its listing on the Hong Kong stock exchange on Monday. Branding itself as an internet company that makes hardware and offers retail outlets, the eight-year-old start-up has left Chinese securities regulators bewildered about its business model.

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