How Would You Kill In The Game Of Smartphone Business?
You can learn that from Xiaomi. In its four years of existence, this company has come up a long way. Being the largest smartphone manufacturer in its home country China, its valuation has been speculated at $45 billion. The company’s co-founder Bin Lin has recently announced that they have managed to raise $1.1 billion funds.
Xiaomi’s smartphones have made quite an impact on Asian markets like India.
What’s so “yummy” about its valuation?
There has hardly been a company that has reached $1 billion in revenue within four years of existence. Their bullish speed of growth has the potential of making it a $100 billion company in the next few years.
While Xiaomi’s core business is that of smartphone, it has diversified into set top boxes and air purifier market also.