Friday, 07 November 2014 03:05

Russian investment fund plans to invest in Xiaomi

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Russian investment fund DST Global Yury Mil′nera considers the possibility to invest about 1.5 billion dollars to the company, the Financial Times reported.

States that currently is in the process of negotiations between Digital

Sky Technologies Global and Xiaomi.

If the deal is completed, the cost of Xiaomi Tech can exceed the cost of Sony (21 billion dollars) and Lenovo (14.5 billion dollars) combined. More precisely, the value of the Chinese manufacturer could exceed 40 billion dollars.

Юрий Мильнер

Now the company, which occupies the third place in ranking of manufacturers of smartphones, is estimated at 10 billion dollars. In addition to the Russian investment fund, invest in Xiaomi plan and other investors. However, it is unknown who this will be.

Source: Financial Times


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