Xiaomi could be worth $100 billion, a billionaire investor claims

Billionaire investor believes Chinese smartphone maker Xiaomi could reach valuation of $100 billion following same course.

Published Mon, Jan 26 2015 5:27 AM CST   |   Updated Tue, Nov 3 2020 12:10 PM CST

Xiaomi's estimated valuation could reach $100 billion due to increased interest from potential investors, according to billionaire investor Yuri Milner. The Chinese smartphone maker has seen a continued rise of its low-cost smartphones and tablets, while expanding in select markets outside of China.

Xiaomi could be worth $100 billion, a billionaire investor claims | TweakTown.com

"I was attracted by the size of the opportunity ahead of them," said Yuri Milner, a billionaire investor, in an interview with Bloomberg. "I don't think there's any company that has reached $1 billion in revenue as fast as Xiaomi. In every conceivable benchmark, it's almost unprecedented in terms of its speed of growth."

Xiaomi wants to become the first major global consumer brand from China, and while the company avoids the United States, will develop its business in China, Brazil, and other select nations.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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