After a new successful funding round, the XiaoMi CEO, Lei Jun confirms through his Sina Weibo account a valuation of XiaoMi of $10 billions. A year ago, his company was "only" worth $4 billions.
As we mentioned in many of our reports, the growth rate is accelerating and it won't slow down with the XiaoMi Mi 3, a Zi Mi (Purple Rice) Tablet or/and Smart TVs.
Lei Jun was a lot compared to Steve Jobs but the man recused that statement a few weeks ago. The CEO says that his company is a lot like Amazon and it is e-commerce first and not a phone maker. Seeing how the Mi Store is growing, Lei Jun might be right since its online store is offering more and more products and most of them are not XiaoMi made.
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