Written by Simone Ziggiotto, the 12/29/14
There is apparently no sign of stopping the growth of Xiaomi, a Chinese manufacturer of smartphones in the past four years he has collected $ 1.1 billion of capital funds risk, with an estimated value of the company at $ 45 billion. Bin Lin, co-founder and president of Xiaomi, broke the story Monday on the Facebook profile.
The evaluation is Xiaomi one of the most promising start-up, exceeding the estimated value of that at Uber This month was valued at just over $ 40 billion, according to the Wall Street Journal. The continued funding received from Xiaomi emphasize the rapid success of the company, who found the third place in 2014 in the ranking of the largest producers of smartphones for the sale of low-cost devices.
In a year when Samsung has seen its profits decline strongly in favor of several established competitors – from Motorola to HTC – Xiaomi stood out . The valuation of the company has more than quadrupled from its previous value estimated after the loans received in 2013.
Xiaomi , however, is not without problems. Despite the significant presence in Asia – China in particular – is facing problems of expansion to developed markets because of concerns for intellectual property. Ericsson has sued for violation of its patents Xiaomi earlier this month, leading to the ban on the sale of its smartphones in India. The ban was temporarily lifted, but the litigation continues.
The company has been criticized for similarities between its devices – both smartphone tablet that – with the products of Apple . The head of the design of Apple products, Jony Ive, Xiaomi accused of “theft” of the design of its products and of “being lazy”. Hugo Barra, vice president of Xiaomi and a former Google executive, said that while its designers are inspired by many things, Xiaomi is in place from the legal point of view (to reiterate that it has copied but it is only inspired).
While Apple makes a large profit from the sale of high-profile devices like iPhone 6, Xiaomi sells products in bulk in a sales ‘flash’ is receiving a very small profit from each product sold. Its primary goal is to get more devices in the hands of the people, in order to then sell software and services for these devices.
“We will strive to continue to bring innovation to all, with ‘ production target of [smartphones] high-quality, high-performance devices, for a great user experience, “said Lin.
Xiaomi is expected in January to introduce its next flagship device.
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