Xiaomi May Be Twice as Expensive as Apple as it Heads to IPO

The transcript discusses the valuation of a company, comparing it to Apple, and highlights Xiaomi's business model, which focuses on low hardware profit margins and additional services. It examines market dynamics, including Apple's reliance on iPhone sales and Xiaomi's daily revenue model. The discussion shifts to the Chinese smartphone market, where Xiaomi competes with other brands by offering value over brand prestige. Finally, it covers Xiaomi's market entry strategy, including a dual listing in Hong Kong and mainland China, and the challenges faced in entering the US market due to security concerns.

What is the significance of the price to earnings ratio mentioned in the text?

What are the implications of Xiaomi's dual listing strategy?