A long ride on Apple’s coattails scores Xiaomi a $45 billion valuation

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There are plenty of tech companies out there that wish they were in Apple’s position as one of the world’s most valuable companies. Xiaomi — the maker of the MiPad and MiPhone — seems to have figured out how to quickly climb the value ladder, and it’s actually easier than anyone could have imagined: Just blatantly copy Apple and fiercely deny it along the way.

With its latest round of funding coming in at over US$1 billion, Xiaomi is now valued at over $45 billion, and this is how they made it happen:

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$45 billion…
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That’s billion with a “B” at the front.


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