Post a Comment Print Share on Facebook

Xiaomi prepares the biggest outlet for a Chinese technology

The mobile manufacturer can surpass the placement of Alibaba and capture more than 42 billion

- 21 reads.

Xiaomi prepares the biggest outlet for a Chinese technology

Xiaomi, Chinese smartphone manufacturer, is in conversations with several financial institutions on a possible outlet to stock exchange, with a placement value of $50 billion (42.37 billion euros), would become largest placement of A technological start up.

This figure would be based on last round of investment made by company in 2014, which valued Asian giant in 46 billion dollars. At that time, technology went through a pothole, harassed by or Chinese brands like Vivo, Oppo or Huawei, but in last year has beaten best forecasts.

The company led by Lei Jun has regained ground thanks to aggressively investing in opening of physical stores and in development of Indian market. Currently, is that it is already fifth World brand of mobiles for sales, and will use Spain as a bridgehead for an expansion plan that will take you to open 2,000 stores in coming years throughout Europe,

With this expansive strategy, Xiaomi will re-launch sales in dozens of countries such as Indonesia, Vietnam, Russia, United Arab Emirates and Ukraine, and is about to overtake Samsung in China, fastest growing smartphone market in World, where it has already exceeded Apple.

A successful exit to Bolsa would help finance that organic and stable expansion in western territory. "We want to bring ideas of China's business to or countries," said Lei at World Internet Conference that took place this week in Wuzhen, which is that "in India, we have created a miracle." "After only three years, we've become number one."

After Alibaba record

The Xiaomi outlet would be largest bag placement of a technology company since Alibaba reached a record of $25 billion in 2014. Among markets in which he quoted, one speaks about new York, although most probable would be parquet of Hong Kong, where or giants of electronics have arrived in last weeks like Razer.

The founder of Xiaomi, Lei Jun, had said that company would not go to stock market until 2025, but bull rally of stock exchange and its promising financial figures have been able to accelerate that plan.


You have to login for comment. If you are not a member? Register now.

Login Sign Up