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![ Source ]