Xiaomi Drops in Hong Kong Debut

The video discusses Xiaomi's IPO journey, highlighting initial high expectations and the eventual reduction in raised capital. Despite market challenges, Xiaomi aims to transition from a handset maker to an internet services company, focusing on building an ecosystem. The company plans to expand globally, especially in India and potentially the U.S., despite geopolitical tensions. Investor Hans Tung remains optimistic about Xiaomi's long-term growth prospects.

Discuss the significance of the market conditions mentioned in the text for Xiaomi's IPO performance.

What percentage of Xiaomi's revenue is currently derived from handsets, and what is their long-term revenue goal?