Xiaomi turns out to not have a big moat. And run on extremely thin margins. Top line growth has been flat. And the writing on the wall is that we might be seeing revenue contraction ahead.
I wonder what their private market valuation is doing?
I wonder what their private market valuation is doing?
(btw, mi is owned by their employees)
[0]:http://list.mi.com/14 [1]:http://www.mi.com/water/ [2]:http://www.mi.com/dianfanbao/
I was at a party Saturday, talking to a friend who sells to phone manufacturers. I asked him about Xiaomi. He said, "yeah, they're a customer but not growing. We're spending our efforts on the big revenue opportunities which are <two companies I'd never heard of>". He wasn't dismissive, just not that interested. A shame.
Usual disclaimers: single data point / anecdote; I've known him for 15 years or so.