Xiaomi is known for “borrowing” many aspects of Apple’s identity, and here’s one more to add to the list: its sky high valuation.
Having just announced the raising of an extra $1.1 billion in funding, Chinese smartphone maker Xiaomi announced on Monday that it is now valued at a whopping $46 billion — making it worth more than any other tech startup.
“This round of funding is an affirmation of Xiaomi’s achievements in more than four years of business and a prelude to a new stage of development,” founder Lei Jun wrote on Monday.