Three billionaires buy Xiaomi stake ahead of biggest IPO

Jack Ma, Alibaba founder, Pony Ma, Tencent CEO and Li Ka-Shing, CK Hutchinson Holdings former chairman, all billionaires have agreed to buy stakes in  Xiaomi ahead of its IPO.

Xiaomi’s IPO, the biggest since Alibaba’s 2014 IPO will see $30 million investment from Li Ka-Shing and expected to raise over $6.1billion through IPO.