Xiaomi is kicking off the US leg of its global offering this week with drones in Central Park but its recent Hong Kong roadshow left some investors underwhelmed.
“They want the market to think they are a combination of Apple and Tencent, but they are not,” said the head of the Hong Kong office of one leading New York investment group.
The Chinese smartphone maker is looking to raise up to $6.1bn in its Hong Kong initial public offering but has endured a rocky ride to market.
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