/// Xiaomi’s Bigger Than BlackBerry

August 24, 2013  |  All Things Digital

Xiaomi co-founder and president Bin Lin shows off one of the company’s smartphones at D: Dive Into Mobile For such a small company, China’s Xiaomi punches well above its weight. The company didn’t sell its first smartphone until summer of 2011. Now, just two years later, it’s on track to sell about 15 million — and it has recently completed a round of funding that has spiked its valuation. According to a Weibo post by Xiaomi founder Lei Jun , verified by a company representative, the smartphone maker’s latest funding round values it at $10 billion. That’s more than double the $4 billion valuation attributed to Xiaomi last June after it raised $216 million. An impressive showing for Xiaomi, which is currently the sixth-biggest smartphone vendor in China. Clearly, its strategy of selling high-spec smartphones at low-spec smartphone prices is paying off quite well

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Xiaomi’s Bigger Than BlackBerry

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