May

Xiaomi Poised to Become a Billionaire Factory With IPO

At least three co-founders are on brink of 10-figure fortunes
Chairman Lei Jun may end up as China’s fourth-richest person

Eight years later, Lei Jun and the seven other Xiaomi co-founders have created a company that wants to challenge the global industry dominance of Apple Inc. and Samsung Electronics Co. It’s also targeting an initial public offering that’s expected to be the largest since 2014, and which could create five new billionaires…

Categories : Private Equity

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Xiaomi Poised to Become a Billionaire Factory With IPO

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