Chinese smart phone maker Xiaomi has been labeled the Apple of the East and its founder as the Steve Jobs of China. Xiaomi, among the first of several Chinese tech startups gearing up for IPOs this year, could set the standards for several others China public listings such as group-buying site Meituan-Dianping (the GroupOn of China), Didi Chuxing (the Uber of China) and AI-news empowered site Toutiao (no U.S. While their early venture investors are bound to make money on these exits, what about Wall Street investors? Many investors outside China tech circles don't have a clue how to pronounce Xiaomi ("ShawMe") or the name of the Chinese tech entrepreneur ("Lay June") who started this Beijing-based business eight years ago. Xiaomi has become one of the world's top-ranked, unicorn-valued companies, and the smart phone maker has raised as much as $1.58 billion in nine rounds.

Source: Forbes May 05, 2018 18:06 UTC