Xiaomi Aiming To Be Among World’s Most Valuable Tech Companies
Chinese tech company Xiaomi is currently the 4th largest smartphone manufacturer in the world, and is looking to raise more funds to help the company reach a possible valuation of more than $40 billion (approx £250 billion).
Beijing company Xiaomi was founded in 2010 and is aiming to raise more funds and smash the company’s last valuation of $10 billion, which it attained after an undisclosed amount of funding in August of last year.
If successful in raising these funds it would become the world’s most valuable private tech company. Xiaomi is the vision of founder and CEO 44 year old Lei Jun who has a personal wealth of $9.1 billion due to his company’s success. He has been referred to as China’s answer to Steve Jobs but he said 2 years ago “If Jobs had lived in China, I think he could not have succeeded, Jobs was a scrupulous perfectionist, while Chinese culture emphasizes the middle path.”