Xiaomi Corp.’s valuation could more than double to $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 the billionaire Milner, an early investor in all three companies. Xiaomi today announced it was valued at $45 billion following a $1.1 billion funding round that included Milner’s DST, Singapore’s GIC Pte and All-Stars Investment Ltd.
