, Columnist
Xiaomi’s Brilliant at VC. Just Ask It
The Chinese smartphone maker has its investment finger in many pies.
Expect more spin as Xiaomi hits the IPO road.
Photographer: Qilai Shen/Bloomberg
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Remember last week when Xiaomi Corp. founder Lei Jun announced he was going to cap profits on the Chinese smartphone maker’s hardware business and distribute the excess to users?
Well, expect more of that kind of spin if Xiaomi’s IPO filing is anything to go by.