– Xiaomi Plans To Take The Company Off Market
– The Chinese company has a lot to do.
Xiaomi seems to be running into troubled waters as they plan to take the company puiblic. It has been reported that Xiaomi signed bankers to support an anticipated initial public offering (IPO) which could value the company at $100 billion.
This came as a result of Xiaomi shruggling of the turgid in 2016 to return growth in 2017. The company was earlier valued at $50 billion, but now $100 billion.
Despite its strong performance in 2017, the company does have a number of challenges to face, not least of which is that to grow its smartphone market share it will need to enter additional markets, which are already home to tough competition.
While Xiaomi has done well to establish itself in markets including India, this was a long and complicated process and further international expansion will not come easy.
The company also built up a strong hardware ecosystem by working with partners, which resulted in its Mi brand gaining ground in the consumer space. Bloomberg also cited Xiaomi’s strength in software as something which sets it apart from other Chinese vendors.