Xiaomi’s Journey to the West: A Road Littered With Land Mines

Smartphone maker Xiaomi Inc. has launched the company’s biggest charm offensive to date with the release of its IPO prospectus, ahead of what could well become the world’s biggest new listing this year. Much has been said about the company’s finances, including the money-burning black hole in its bottom line, since this was the first true picture we’ve gotten of a colorful firm that was previously quite private about such personal matters.

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