Russian billionaire investor Yuri Milner is betting big on Chinese smartphone manufacturer Xiaomi, which has — in the past — been accused of copying Apple’s products. With a $45-billion valuation, the company is today among the world’s most valuable tech start-ups. Xiaomi’s mind-boggling valuation follows a $1.1 billion funding run led by Milner’s DST and Singapore’s GIC. Milner believes Xiaomi will enter the $100 billion club soon, and if it does manage to sell its stated 100 million phones this year, he should have no reason to worry at all.
Chinese smartphone manufacturer Xiaomi has found backing from Russian millionaire Yuri Milner
Summer wine and salad
Kishore Singh - January 19, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021
Every crisis is an opportunity, if you are on the right side of equities
Samir Arora - May 04, 2021
Viraj Mehta trusts the toughness and bounce of a company that has seen many trials
Viraj Mehta - May 04, 2021
Safir Anand spots a mid-sized company with the right chemistry and catalytic circumstances
Safir Anand - May 07, 2021