BEIJING: Xiaomi a Chinese Smartphone manufacturer that has been accused of copying Apple, now has become the most successful tech start-up in the world after being valued at $45 billion.
Xiaomi achieved success in just four years by producing a range of low priced mobile phone handsets that have attracted millions of customers.
It is now worth more than Uber, the taxi app – which went on the market valued at more than $18.2 billion (£11.7 billion).
Investors now believe that Xiaomi has the potential to become a global consumer brand and as a result they have poured in cash in recent months.
