angryhusky
2021-07-08
Niceee
Xiaomi raises $1.2 billion in debt as Beijing targets the tech sector
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXiaomi raises $1.2 billion in debt as Beijing targets the tech sector\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 16:39 GMT+8 <a href=https://www.cnbc.com/2021/07/08/xiaomi-raises-1point2-billion-in-debt-as-beijing-targets-the-tech-sector-.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GUANGZHOU, China — Chinese smartphone giant Xiaomi will raise around $1.2 billion via debt issuance at a time when authorities arecracking down on China's technology giants.\nXiaomi will issue $800 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/08/xiaomi-raises-1point2-billion-in-debt-as-beijing-targets-the-tech-sector-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01810":"小米集团-W"},"source_url":"https://www.cnbc.com/2021/07/08/xiaomi-raises-1point2-billion-in-debt-as-beijing-targets-the-tech-sector-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1177655783","content_text":"GUANGZHOU, China — Chinese smartphone giant Xiaomi will raise around $1.2 billion via debt issuance at a time when authorities arecracking down on China's technology giants.\nXiaomi will issue $800 million worth of bonds due in 2031 with a coupon of 2.875% per year. The proceeds will be used for \"general corporate purposes,\" according to a regulatory filing.\nThe electronics maker will also issue $400 million of so-called green bonds with a 4.1% coupon per year. Green bonds are debt issued to raise money to support environmental projects. Xiaomi said the proceeds will go toward funding eligible projects under its \"Green Finance Framework,\" an environmental scheme.\nXiaomi, the world's third-largest smartphone maker, has continued to expand globally and is looking at breaking intonew areas like electric vehicles. In March,Xiaomi said it would launch its own electric car businessand invest $10 billion over the next 10 years.\nThe money could go toward these initiatives.\nXiaomi's debt issuance comes as Beijing intensifies scrutiny of the technology sector. Over the past year, the government has introduced a slew of legislation in areas from fintech toantitrustanddata protection.\nBeijing's latest target is Didi. 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