The Chinese Apple smartphone and tablet manufacturer Xiaomi with the latest estimate tops the $40 billion valuation, which was actually revealed in early November. Now valued at $45 billion, which is $1 billion more than the previous estimation.
Raised over one billion US dollars in the recent round of funding. Xiaomi participants included All-Stars Investment, the Russian firm DST Global, and the Singapore sovereign-wealth fund GIC. The latter two companies are already shareholders of Xiaomi.
Although, according to the latest report that puts Xiaomi’s company as the third largest smartphone giant globally, while it has quickly established itself as an industry channel. The company however has energetic plans for the future though.
Intends to become the world’s No.1 manufacturer within 10 years, as recently Xiaomi’s CEO said that he want to grab the market share with its upcoming Mi phones and Notes as well. If every thing goes with the company’s intention, then we will be accustomed to see Xiaomi grab the first place in the smartphones and tablets list soon.
Did you know? In the second quarter, Xiaomi overtook Samsung Electronics Co. as China’s biggest smartphone maker by shipments for the first time, according to research firm Canalys. This year, Xiaomi expects to sell 60 million units globally, up from 18.7 million in 2013.