Billion Dollar Club: World's 10 Most Valuable Tech Startups
Xiaomi
Valuation: $45 billion
Xiaomi is a tech startup which focuses on creating consumer electronics considering the ‘lower-middle class market’. This initiative was started by angel investor and the Xiaomi’s CEO, Lei Jun in 2010. In a matter of just four years, the company witnessed the blockbuster and emerged as the most valuable tech startup in the world. The brilliant business idea of creating affordable good looking smartphones worked wonders for the company and today, it boasts of having more than 500 million users across the globe.
Prime investors: DST Global, Digital Sky Technologies, Qualcomm Ventures, IDG Capital Partners, Morningside Group, HOPU Investment Management Company.
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