Sign up to receive 5 free days of our daily summary for tech news.

Read this article for free.

Already a subscriber? Log in here

Asia Apple

Time to Rethink Xiaomi’s Value

With uncertainty clouding global tech and the funding into China startups decelerating after a record run, it’s a good time to take a second look at some of the highest flyers.

None flew as high as Xiaomi, the smartphone-maker funded by the charismatic serial entrepreneur Lei Jun that peddles high-end phones at budget prices in online-only stores. Investors put in $1.1 billion and valued his firm at $46 billion, making it the most valuable startup in the world at the time. But that was two years ago. Since then, Xiaomi’s shine has faded as domestic rivals have pushed the phone-maker to fourth place. In a pincer move, Huawei targeted luxury phones and Oppo and Vivo rolled out aggressive brick-and-mortar sales networks.  

What Is The Information?

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting, stories, and exclusives you won't read anywhere else from the largest newsroom in tech.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, subscribers get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Apple E-commerce

Hear Steve Jobs, at the Dawn of App Store, Predict the Future of Mobile

By Nick Wingfield

Apple

My 2008 Steve Jobs Interview: Top Quotes

By Nick Wingfield

Asia Semiconductors

Pentagon Backs U.S. Chipmaker to Counter China

By Aaron Tilley

Asia Entertainment

Does Tencent Music Deserve a Spotify-Like Valuation?

By Alfred Lee and Wayne Ma

Consider Xiaomi as a hybrid between Apple and Philips, given a little optimism on growth rates for phone sales in India and the fast growth of its appliance sales back in China.