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Hon Hai’s FII to raise $4.3bn in Chinese IPO

Bloomberg Foxconn Industrial Internet Co. plans to raise $4.3 billion selling stock in an initial public offering, kicking off the largest mainland Chinese debut since the 2015 stock market crash. Shares will be offered at 13.77 yuan apiece, valuing the company at about $43 billion — larger than eBay Inc. The smart factory unit of Hon Hai Precision Industry Co., ...

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Xiaomi opens Paris store, mulls US launch

Bloomberg Chinese smartphone maker Xiaomi Corp. is opening a store in Paris and planning for more shops in France, Spain and Italy, testing the appetite of consumers in developed markets as its executives consider a US xpansion. “Every morning I think about the US market and when we’ll launch there,” Xiaomi Senior Vice President Wang Xiang, who heads global operations, ...

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Sony new CEO Yoshida has always wanted to work on moving things

Bloomberg Sony Corp.’s new chief executive officer is interested in taking the Japanese electronics maker in an entirely new direction: moving objects. Kenichiro Yoshida, who took over in April, said that he’s always wanted to work on “moving objects,” adding that it’s far too early to say whether Sony will enter the space. “Through our semiconductors, we’re actually already a ...

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