Xiaomi now a $10 Billion company!

To think that Chinese phone start-up only began shipping phones in 2010 its amazing to learn today the company is already worth $10 Billion!

CEO Lei Jun has confirmed the amazing news after another successful round of funding. Just over 12 months ago the fledgling company were worth $4 Billion!

Xiaomi’s business model of keeping demand high and supply short has helped created a fevered buzz around the company and it’s products. It also helps that Xiaomi phones and Android TV boxes are extremely good value for money and receive excellent support!

Gizchina News of the week

In just over 2 weeks time Xiaomi will hold their annual event where many of us believe they will launch the next generation Xiaomi Mi3, their first Android tablet and possibly even a range of Android smart TVs!

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  1. August 22, 2013

    great! Xiaomi will take over to middle east and not only parts with their break-through devices! Can’t wait for the MI3 pesentation! Do u think, folks, that there’ll be MI3s or another kind later? like they did with MI2,a,s.. :)) ?

  2. Simon
    August 22, 2013

    I would say its highly likely….

    • August 22, 2013

      well than what’s the hurry to buy MI3 if there will be better one like 3s later…?

  3. M
    August 22, 2013

    Why buy the mi3s if there will be a mi4?

  4. August 22, 2013

    haha good answer, M :)) very inspiring to buy any MI :))

  5. Camaman
    August 22, 2013

    Great success story! 🙂

    As long as people buy into their business model.

  6. Tej
    August 23, 2013

    That’s a big achievement in very short span of time. It shows the believe and faith of Chinese consumer base on this brand. I wish they start exploring other countries as well.

  7. TheFallen
    August 23, 2013

    I’m still waiting for the Red-rice to get WCDMA …. will be a fucking great phone ….

    • August 23, 2013

      what is WCDMA? sorry for the ignorance 🙂

  8. njren
    August 23, 2013

    Really? Show me the books. Accounting practice in China…almost an oxymoron.

  9. August 24, 2013

    “Xiaomi’s business model of keeping demand high and supply short has helped created a fevered buzz around the company and it’s products.”
    This is one of the reasons why xiaomi totally piss me off. It was acceptable during the MiOne era but they dont have any excuses this days i mean they are now worth $10 billion. I almost had a nervous breakdown waiting for the MiOne to available back then hehe but atleast they helped me discover gizchina. I gave up on their products ever since the mtk6577 dual sims came out. Its like hunting down a unicorn or the lochness if you dont live in china.