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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

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Xiaomi said it was valued at US$45 billion following a US$1.1 billion funding round. "It has significant potential to become China's first global consumer brand," said Yuri Milner.

BT_20141230_XIAO30_1432416.jpg
Xiaomi said it was valued at US$45 billion following a US$1.1 billion funding round. "It has significant potential to become China's first global consumer brand," said Yuri Milner (above).

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...