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Billionaire investor Yuri Milner sees Xiaomi reaching US$100b

He says China's largest smartphone vendor has same potential as Facebook and Alibaba to reach that valuation

Published Mon, Dec 29, 2014 · 09:50 PM
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Hong Kong

XIAOMI Corp's valuation could more than double to US$100 billion, spurred by its latest financing round, according to investor Yuri Milner.

China's largest smartphone vendor has the same potential as Facebook Inc and Alibaba Group Holding Ltd to reach that valuation, said the billionaire Mr Milner, an early investor in all three companies. Xiaomi on Monday announced it was valued at US$45 billion following a US$1.1 billion funding round that included Mr Milner's DST, Singapore's GIC and All-Stars Investment Ltd.

"I was attracted by the size of the opportunity ahead of them," Mr Milner said on Monday. "I don't th…

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