Xiaomi Promises to Cap Hardware Income Margin at 5 Percent Ahead of IPO

Chinese smartphone and smart device makerĀ Xiaomiwill cap income from its hardware business at 5 percent of total profits starting in 2018, as it looks to position itself as an Internet services provider ahead of a highly-anticipated IPO. Xiaomi – which makes dozens of Internet-connected products including scooters, water purifiers and televisions – said in a […]