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Xiaomi turns out to not have a big moat. And run on extremely thin margins. Top line growth has been flat. And the writing on the wall is that we might be seein

Xiaomi turns out to not have a big moat. And run on extremely thin margins. Top line growth has been flat. And the writing on the wall is that we might be seeing revenue contraction ahead. I wonder what their private market valuation is doing?

bostand 10y ago
As owner of one of their excellent products, I couldn't care less about their private valuation. (btw, mi is owned by their employees)
- seanmcdirmid 10y ago
  Xiaomi has VC funding.
- Laforet 10y ago
  They are obviously concerned about long term viability of their core cellphone business, enough that they are diversifying into a massive range of products from alkaline batteries[0] to reverse osmosis water purifiers[0]. Some of their offerings, such as wifi routers and rice cookers (yes, Xiaomi make rice cookers[2] that send notifications to your phone when your meal is ready) are mildly successful while others are received with either apathy or outright animosity such as their drones which crashed during a livestreamed demo flight. And nobody wants to buy their laptop computer for sure. [0]:http://list.mi.com/14 http://list.mi.com/14 [1]:http://www.mi.com/water/ http://www.mi.com/water/ [2]:http://www.mi.com/dianfanbao/ http://www.mi.com/dianfanbao/
kitschshrine 10y ago
their private valuation is probably somewhere around 4 to 6B now
gumby 10y ago
Was going to make the same comment; I assume he figures this is a good time to move to the next thing. I was at a party Saturday, talking to a friend who sells to phone manufacturers. I asked him about Xiaomi. He said, "yeah, they're a customer but not growing. We're spending our efforts on the big revenue opportunities which are <two companies I'd never heard of>". He wasn't dismissive, just not that interested. A shame.
- rasz_pl 10y ago
  Is your friend a Chinese living in China? Because Xiaomi is working hard on being 100% in house (house being country) so them not buying from foreign suppliers is nothing weird.
  - gumby 10y ago
    He is, and Xiomi is (he said) a customer. He's in sales and just didn't expect as much revenue from Xaoimi as some of the other up and coming vendors. Sorry I don't remember the names but he raved about the styling and build quality of one. Usual disclaimers: single data point / anecdote; I've known him for 15 years or so.

bostand 10y ago

As owner of one of their excellent products, I couldn't care less about their private valuation. (btw, mi is owned by their employees)

seanmcdirmid 10y ago
Xiaomi has VC funding.
Laforet 10y ago
They are obviously concerned about long term viability of their core cellphone business, enough that they are diversifying into a massive range of products from alkaline batteries[0] to reverse osmosis water purifiers[0]. Some of their offerings, such as wifi routers and rice cookers (yes, Xiaomi make rice cookers[2] that send notifications to your phone when your meal is ready) are mildly successful while others are received with either apathy or outright animosity such as their drones which crashed during a livestreamed demo flight. And nobody wants to buy their laptop computer for sure. [0]:http://list.mi.com/14 http://list.mi.com/14 [1]:http://www.mi.com/water/ http://www.mi.com/water/ [2]:http://www.mi.com/dianfanbao/ http://www.mi.com/dianfanbao/

kitschshrine 10y ago

their private valuation is probably somewhere around 4 to 6B now

gumby 10y ago

Was going to make the same comment; I assume he figures this is a good time to move to the next thing. I was at a party Saturday, talking to a friend who sells to phone manufacturers. I asked him about Xiaomi. He said, "yeah, they're a customer but not growing. We're spending our efforts on the big revenue opportunities which are <two companies I'd never heard of>". He wasn't dismissive, just not that interested. A shame.

rasz_pl 10y ago
Is your friend a Chinese living in China? Because Xiaomi is working hard on being 100% in house (house being country) so them not buying from foreign suppliers is nothing weird.
- gumby 10y ago
  He is, and Xiomi is (he said) a customer. He's in sales and just didn't expect as much revenue from Xaoimi as some of the other up and coming vendors. Sorry I don't remember the names but he raved about the styling and build quality of one. Usual disclaimers: single data point / anecdote; I've known him for 15 years or so.