Related News
Latest investment values Xiaomi at US$45b
Print Edition
XIAOMI Corp will release a next-generation smart device, likely to be called MI 5, in January after raising US$1.1 billion in a latest round of funding, Chairman Lei Jun said yesterday.
With the new investment, privately owned Xiaomi is said to be valued at about US$45 billion, 200 times higher from its first round of financing in 2010. Xiaomi’s market value was triple that of its closest competitor, Lenovo Group.
The investors in the latest round of funding included DST, GIC Pte and All-Stars Investment Ltd, Lei said in the company’s Weibo account yesterday.
Lei said previously that Xiaomi would sell 100 million phones next year after expanding into India, Singapore, Malaysia, Indonesia and the Philippines, although it faces a patent lawsuit in India raised by Sweden’s Ericsson.
In China, Xiaomi’s market share was 15 percent in the third quarter followed by Lenovo’s 13 percent, according to US-based researcher International Data Corp.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
