Lei Jun, the founder, chairman and chief executive of Xiaomi, said the company had become the top-selling smartphone brand in India after three years as its international expansion continues to gather strength. Photo: Reuters

Xiaomi to seek at least US$50b valuation in IPO next year

Led by entrepreneur Lei Jun, the Beijing-based company has invested aggressively in retail stores and in India, where it is on the verge of surpassing Samsung in smartphone sales.

Topic |   Xiaomi

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Lei Jun, the founder, chairman and chief executive of Xiaomi, said the company had become the top-selling smartphone brand in India after three years as its international expansion continues to gather strength. Photo: Reuters
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