Reports say that Xiaomi’s valuation has dropped from $45bn to under $4bn in under 2 years. Despite experiencing some difficulties in its supply chain this year, the company insists that it has “healthy demand” with its valuation still standing at $45bn. Xiaomi says this isn't true and that its innovative e-commerce strategy is what has helped it race up the smartphone charts. The Chinese tech giant is also facing a growing number of lawsuits over alleged patent infringement.
Reports say that Xiaomi’s valuation has dropped from $45bn to under $4bn in under 2 years. Despite experiencing some difficulties in its supply chain this year, the company insists that it has “healthy demand” with its valuation still standing at $45bn. The Chinese tech giant is also facing a growing number of lawsuits over alleged patent infringement.