The head of the Chinese manufacturer of mobile electronics Xiaomi recently admitted that in the next five years, the company is not going to go public offering, so to raise funds for further development will have other ways. The company is poised to become the largest producer of smartphones in the world, but so far the expansion in foreign markets is carried out not as fast as we would like Xiaomi guidance.
As reported by Reuters, this month Xiaomi received an investment of $ 1.1 billion. From a group of funds, the largest of which is based native of Russia Yuri Milner DST Global. Fresh investment in the development of Xiaomi also involved Alibaba founder Jack Ma (Jack Ma). The value of capitalization Xiaomi now estimated at $ 45 billion. And it is almost three times more than the world's largest manufacturer of computers - Lenovo. Yuri Milner himself, who at the moment is the largest investor Xiaomi, convinced that the company will eventually cost $ 100 billion., And its potential is much broader than the issue of smartphones.
The following year Xiaomi expects to sell 100 million Smartphones and next month is going to present a new product. Xiaomi revenue at the end of this year can be doubled to $ 12 billion. It is the ability to quickly develop and grow revenue attracted Xiaomi Yuri Milner. It is considered that on their investment in Facebook in 2009, he made the most of their current state, the amount of which is estimated at $ 2.7 billion. Future investments in young companies fund Yuri Milner going to redistribute towards the US market, although in recent years he actively invested in China.