Xiaomi is a Chinese company that sells smartphones, add-ons and apps. Never heard of it? Well, Samsung is the biggest and Apple comes second in the world of smartphones maker. With this which is the third? Any guesss? Xiaomi is the third largest smartphone maker in the world.
The company collected $1.1 billion in funding from some of the industry's most reputed investors. That gives the company's value of $45 billion. It's bigger than LG, Motorola and Sony (SNE) combined together. Currently it's the world's most valuable startup. It's worth more than than Pinterest, Airbnb or Uber.
Xiaomi's sales raised 211% making it the fastest-growing smartphone maker. Its sold more than 17 million smartphones in the third quarter, it's just less than half the number of iPhones that Apple (AAPL, Tech30) sold, according to IDC.
Xiaomi's market share raised more than doubled to 5% while it was 2% of the market, a year ago.
The company collected $1.1 billion in funding from some of the industry's most reputed investors. That gives the company's value of $45 billion. It's bigger than LG, Motorola and Sony (SNE) combined together. Currently it's the world's most valuable startup. It's worth more than than Pinterest, Airbnb or Uber.
Xiaomi's sales raised 211% making it the fastest-growing smartphone maker. Its sold more than 17 million smartphones in the third quarter, it's just less than half the number of iPhones that Apple (AAPL, Tech30) sold, according to IDC.
Xiaomi's market share raised more than doubled to 5% while it was 2% of the market, a year ago.
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