Caixin OnlineBusiness & IndustryTop Stories Industry The Rapid Rise of Smartphone Maker Xiaomi
07.09.2012 19:33

The Rapid Rise of Smartphone Maker Xiaomi

Company's valuation set at US$ 4 billion after latest round of fund-raising, but despite its fast growth, questions over profit, quality and service remain
By staff reporter Zhu Yishi

Lei Jun, smartphone maker Xiaomi's chief executive officer

(Beijing) — Two-year-old Beijing-based smartphone maker Xiaomi Mobile Internet Co. received investment of US$ 216 million on June 23 from international investors, the third round financing it has completed. At the time, the company's estimated value was US$ 4 billion, Xiaomi's chief executive officer Lei Jun said.

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