Bloomberg Xiaomi Corp. aims to seek formal Hong Kong stock exchange approval on June 7 for an initial public offering that could raise about $10 billion, people with knowledge of the matter said. The Beijing-based smartphone maker hopes to price the share sale late next month if its application is approved by the bourse’s listing committee, according to one of ...

Bloomberg Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world’s biggest. The founder and owner of Vedanta Resources Plc wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports, create jobs and reduce poverty. Despite its insatiable appetite for ...

Bloomberg Taiwan’s export-dependent economy decelerated after hitting its stride at the end of last year, when it posted the fastest growth in almost three years. The expansion slowed to 3.02 percent in the first quarter, according to revised data by the statistics bureau in Taipei, in line with a preliminary reading of 3.04 percent and the 3 percent estimate in ...