"Forbes" online version published an article signed on Saturday as Rebecca Finne said, known as the "Oriental Apple" known as Xiaomi, its IPO (initial company offering) will be more in the Chinese market and the Similar companies set up IPO standards. The following is the main content of Finneen's article.
Chinese smartphone maker Xiaomi has been hailed as 'Oriental Apple' and its founder is also known as China's 'Jobs'. Today, Xiaomi has submitted listing application materials and plans to raise US$10 billion through initial public offerings. This listing size may be the largest financing since Alibaba's public float on the New York Stock Exchange in 2016 was $25 billion. There is no doubt that Xiaomi's listing plan has already made the company even more famous in the Western world.
Xiaomi, one of the first Chinese technology startups seeking initial public offerings this year, may establish a listing standard for several other Chinese companies seeking listings, such as the group buying website US Mission - Comments (China Version)'GroupOn '), Didi Chuxing (Chinese version of 'Uber') and today's headlines based on artificial intelligence news models and other companies. This is a very interesting thing! Alibaba will earn a lot of money again soon! These companies The early stage investors will earn a lot of income because of their listing. What will Wall Street investors do?
Many investors outside the Chinese science and technology sector cannot accurately read Xiaomi's pronunciation and cannot accurately read Lei Jun’s name. As we all know, Lei Jun created Xiaomi’s technology entrepreneurs eight years ago.
Perhaps, this is why the founder of Xiaomi has been emulating the Apple and Jobs styles while launching a new version of the Xiaomi smartphone and this has made Xiaomi more prosperous. Xiaomi has now become a more market-renowned brand in the Chinese market. Lei Jun was shown The industry widely believes that millet phones similar to the iPhone are often dressed in jeans and black turtleneck sweaters. This move has always been considered by the industry as mimicking Jobs. Other similarities that should not be overlooked is that Xiaomi’s mobile phone brand MI has An 'I' letter, of course, is the same letter as the 'i' on the iPhone. In addition, Xiaomi has opened retail stores. These retail stores also look very similar to Apple's retail stores. In addition, Lei Jun was in 2013. In the past, Hugo Barra, the former Google executive, was invited to help Xiaomi to expand its sales in the international market. However, Bara left Xiaomi at the beginning of last year when Xiaomi Company entered the Indian market. Hugo, after leaving Xiaomi, rejoined Google and was responsible for Facebook's virtual reality business.)
Those venture capital investing in Xiaomi in early 2010 have undoubtedly earned a lot. Xiaomi has become one of the world's leading unicorn brand companies. After the first nine rounds of funding, Xiaomi has already It raised US$1.58 billion in funds. Venture capital companies such as Qiming Venture Capital, Morningside Capital and IDG Capital are all investors of Xiaomi. Today, Xiaomi has begun to work hard in the increasingly fiercely competitive smartphone market in China. Samsung, Apple, Huawei, and several other local brands compete fiercely, trying to become bigger and stronger competitors.
It is only natural for Xiaomi to apply for listing on the Hong Kong Stock Exchange of China. This is a natural thing. After all, in Hong Kong, the user’s understanding of Xiaomi's products and his understanding of Chinese technology are much greater than those of the New York market.
Hans Tung, an early investor of Xiaomi Company and a managing partner of GGV's Jiyuan Capital, said in a video interview with Silicon Dragon Talk that from the following three perspectives, Xiaomi is an original company and not Copy iPhone:
First, the customized features on mobile phones - users can change colors, languages, layouts, and application displays;
Second, social media feedback - support and core users can provide more effective information for mobile phone, and update daily;
Third, direct sales – Xiaomi’s mobile phone had previously only been sold online (this situation has changed today), no intermediaries are required, which greatly reduces the cost of mobile phone sales.