Xiaomi led the ranking of Chinese startups
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Xiaomi took the first place in a ranking of 15 Chinese companies having largely expanded soon after their foundation. Thus, Xiaomi has increased in its cost to $10 billion since August, 2013.
In China Xiaomi sales have overtook Apple sales long ago. The company is now aiming to throw off the pedestal Samsung and become the largest producer and seller of smartphones in China.
Thanks to the successful business model of company development Xiaomi got ahead many famous brands. This was achieved with the help of developing powerful, reliable and functional premium smartphones at a low price.
According to the speed of achievement capitalization since the inception, Xiaomi entered into a number of such startups as Airbnb, Dropbox and Snapchat.