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Posts Tagged ‘Xiaomi’

Xiaomi: “Easy come, easy go” or why cybernuts happy again

In Financial competency, GIC, Temasek on 22/06/2018 at 5:10 am

Xiaomi, the [US]$100bn Chinese smartphone and TV unicorn? It’s now a $50bn unicorn after it decided to cancel plans for a Chinese depositary receipts issuance.

FT on Wed/ Thurs

This is the latest twist in a tale that will have cybernuts happy again that Temask and GIC always losing money.

Juz six months ago Xiaomi was valued at US$100bn after getting into trouble a few yrs ago: Xiaomi’s IPO will make anti-PAPpyists frus

Then a few months back, it became worth US$70bn: Xiaomi IPO: Why cybernuts will be happy again

Oh and Xiaomi has juz launched an IPO to raise US$6.1bn (amended from US$6bn). It had planned to raise US$10bn but the cancellation of its Chinese depositary receipts issuance made that impossible.

Whatever, the cybernuts will never accept that Temasek and GIC made money on this investment. The changes in the valuation reflect the difficult of valuing an unlisted investment, especially a tech company.

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.

Xiaomi’s IPO will make anti-PAPpyists frus

In Financial competency, GIC, Temasek on 17/01/2018 at 2:53 pm

Xiaomi is laying the groundwork for its planned float in the second half of this yr as it appoints banks for a planned US$100bn IPO.

This make make our anti-PAPyists who are PRC lovers bang their balls really hard

It wasn’t that long ago when anti-PAPpyists (nutty and sane) were KPKBing that both our SWFs lost billions after investing in Xiaomei: http://www.theindependent.sg/gics-and-temaseks-investee-company-xiaomi-lost-40-billion-in-value/

Bear in mind that the above piece was not written by a cybernut but by someone who while sane didn’t have a clue about investing.

Xiaomi, which was valued at more than US$45bn in its last funding round three years ago, went through a difficult period last year that burnt through its cash. But it appears to have turned a corner in the middle of last year.

(FT a few days ago)

FT went on that the co made a:

significant recovery from January last year, when a humbled Mr Lei wrote in a memo posted on his WeChat account and on Facebook: “A few years ago, we rushed too fast, achieving a miracle in the history of modern business growth, but we also overspent a portion of our growth. We must slow down and earnestly learn from our mistakes. Prevention is better than having to fix things later.”