Xiaomi, the world's third largest smartphone company, might be worth $40 billion USD

http://www.forbes.com/sites/ryanmac...ecome-worlds-most-valuable-private-tech-firm/

quote

sources did not if xiaomi had begun discussions potential investors new round of funding, though did company had turned down previous offers funding @ valuation of $30 billion.

xiaomi reported sales in first half of 2014 $5.31 billion–up 150% last year—and inside company expect revenue more $11 billion whole year. @ potential valuation of $40 billion, xiaomi, not discuss profits reported profitable, trading @ little under 4 times projected 2014 revenues.

click expand...

not bad start-up sold first smartphone 3 years ago.

 

not bad 4-year old. young dragon 1 of richest kids in industry...

many downfalls of several companies htc, sony, , motorola because of falling smartphone prices offered rising chinese brands.

price-driven market. has been. don't think iphones ever sell if weren't heavily discounted contracts or people have paid attention nexus, moto g, or oneplus 1 if wasn't because of price. in few short years, names xiaomi, huawei, lenovo, meizu, , oppo/oneplus start replacing names lg, htc, sony, , motorola changing of guard. throw in asus taiwan torch bearer htc. samsung's current loss in profits affected chinese invasion. once these chinese brands start spawning across globe, samsung's quarterly reports worse. there no more point of overpaying phones or brand loyalty in fickle , volatile industry .

first stop - homeland china

next stop - rest of world

 

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