Xiaomi-linked companies have faced increased scrutiny by China’s regulators, with some pausing planned initial public offerings after being questioned about their close relationship with the smartphone giant.
Smart mattress maker 8H, intelligent lighting company Yeelight and commercial operating system maker Shanghai Sunmi Technology have each shelved IPO plans in recent months, according to documents and Chinese media reports.
Xiaomi-linked companies halt IPOs after Chinese regulator scrutiny comes via ChinaTechNews.com.