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Xiaomi targets $50 billion valuation as it considers IPO next year

Chinese smartphone maker Xiaomi is currently in talks about a potential Initial Public Offering (IPO) as early as next year. Top company executives will be hoping for a valuation of at least $50 billion, with some of them optimistically holding out for an even higher figure.

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Xiaomi's latest teaser image hints that the Mi 6 will be announced on April 19

We haven't seen much from Xiaomi of late, but rumors have been swirling about the company's next flagship device. Coming in as the newest entry to the Mi line, the Mi6's specs have leaked in various forms over the last few weeks. If they're to be believed, then this phone will be one to pay attention to this year.

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Qualcomm files a patent complaint against Meizu in Chinese court

Meizu is using technology that violates Qualcomm's patents without the usual licensing rigmarole, and Qualcomm isn't gonna take it anymore. So it is alleged in Qualcomm's press release, announcing a complaint against the up-and-coming Chinese manufacturer in the Beijing Intellectual Property Court. Qualcomm says that Meizu has refused to negotiate "in good faith" to license particular patents, especially those related to 3G and LTE radio standards, though the precise patents in question aren't delineated.

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