Xiaomi CEO Says IPO of Chinese Mobile-Phone Maker Won't Be Soon

  • CEO Lei Jun speaks to reporters at opening of NPC meetings
  • Lei says he wants Xiaomi's IPO to be a natural process

Xiaomi CEO Lei Jun. Photographer: Wang Zhao/AFP via Getty Images

Xiaomi Corp. Chief Executive Officer Lei Jun said the Chinese handset maker, valued at $45 billion by a 2014 funding round, wasn’t planning a public listing “at the moment.”

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