Xiaomi-linked companies halt IPOs after Chinese regulator scrutiny
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.
根据公告和中国媒体报道，智能床垫制造商趣睡科技(8H)、智能灯具公司易来智能(Yeelight)和商用操作系统开发公司上海商米科技(Shanghai Sunmi Technology)均在近几月里搁置了IPO计划。
Those moves have come after they were questioned by China’s regulators as being part of Xiaomi’s so-called “ecosystem companies”, a vast array of groups that the smartphone seller has either directly invested in or has made commercial arrangements with.