Xiaomi worth US$100 billion? 'Tis the season to be silly

XIAOMI Corp is set to pull in revenue of US$17 billion to US$18 billion this year, ahead of its own target, Reuters reported on Friday, citing the company's comments to bankers.

That's impressive, but believable. Xiaomi has had a great year.

Stretching the credibility scale, though, are estimates that net income could hit US$1 billion. These are banker projections, Reuters notes, not necessarily Xiaomi's. The company later confirmed to Bloomberg News that revenue topped US$15 billion within the first 10 months of 2017, without commenting on earnings.