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Smartphone maker Xiaomi is rushing to get its IPO done, the market is betting a $100 billion valuation [1]. This reminds me what its founder Lei Jun said a few
by dis-sys 8y ago
Smartphone maker Xiaomi is rushing to get its IPO done, the market is betting a $100 billion valuation [1]. This reminds me what its founder Lei Jun said a few years ago - "Even a pig can fly if it is in the middle of a whirlwind" [2].
Now the market has apparently reached its peak, I am wondering whether those who are thinking to buy Xiaomi shares will find their whirlwind and fly. ;)
[1] https://www.telegraph.co.uk/technology/2018/05/03/xiaomi-plans-10bn-float-bid-become-chinas-apple/ https://www.telegraph.co.uk/technology/2018/05/03/xiaomi-pla...
[2] https://www.economist.com/news/special-report/21663324-technology-offering-chinese-business-cornucopia-new-opportunities-its-all-go https://www.economist.com/news/special-report/21663324-techn...