atans1

Xiaomi IPO: Why cybernuts will be happy again

In GIC, Temasek on 10/05/2018 at 5:57 am

A few yrs ago the cybernuts were celebrating the purported losses that Xiaomi were costing GIC and Temasek. (Btw, interesting that so called patriotic S’poreans, think tax-dodging Oz resident Oxygen and S’pore-based Phillip Ang  love to celebrate losses that our SWFs make: maybe taz why they are cybernuts? What do you think?)

But they were silent when earlier this yr when Xiaomi was great again: Xiaomi’s IPO will make anti-PAPpyists frus.

Now that the IPO valuation will be US$70bn and not the mooted valuation of US$100bn, expect the cybernuts to point out that Temask and GIC lost money.

With enemies like this, the PAP doesn’t need friends. Sad.

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  1. 14% year on year return instead of 30% by the initial valuation, yeah lost money in the alternate universe.

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