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Signage for Xiaomi Corp. is bright inside one of a company's stores in Hong Kong, China.

Chinese authorities on Tuesday pronounced smartphone builder Xiaomi done errors in a accounting, promulgation a company’s Hong Kong-listed shares down amid a wider sell-off of China tech stocks.

Xiaomi was one of several internet firms named in a annual investigation by China’s Ministry of Finance. Other firms embody e-commerce hulk Suning.com and online diversion developer Wuhu Shunrong Sanqi Interactive Entertainment Network Technology.

Xiaomi’s batch was down 4 percent on Tuesday

Article Source: https://www.cnbc.com/2018/10/30/chinas-finance-ministry-calls-out-xiaomi-over-accounting-errors.html


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