Xiaomi Financed At Valuation Between US$40-$50 Billion

Weibo:

The link (use Chrome) mentions the history of Xiaomi valuations:

2010 – US$250M
2011 – US$1B
2012 – US$4B
2013 – US$10B

I’m beginning to think this company is going to need all the money it can get its hands on. For patent licenses and design infringement court cases.