George Soros, Hillhouse place orders to grab a slice of $6.1b Xiaomi IPO

George Soros, Hillhouse place orders to grab a slice of $6.1b Xiaomi IPO

A Xiaomi Corp. Mi 6 smartphone is displayed for a photograph during a news conference in Hong Kong, China, on Monday, June 26, 2017. Smartphone maker Xiaomi, fifth in Chinese smartphone sales behind Apple Inc. in the first quarter, is trying to claw its way back to the top of a domestic market it dominated two years ago. Photographer: Anthony Kwan/Bloomberg Photo any Bloomberg

Billionaire George Soros and Chinese investment firm Hillhouse Capital are seeking to invest in Xiaomi Corp.s Hong Kong initial public offering, which aims to raise as much as $6.1 billion, people with knowledge of the matter said.

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