Looks like they've got the war-chest ready to defend against future lawsuits when they get into markets that actually take IP laws seriously.<p>Their hardware's actually decent, but they shamelessly ripoff Apple. They could have gone the route of providing the same hardware with stock android and getting treated like a credible company. Instead, they ripped off iOS wholesale.
Will someone please explain this valuation? A company with very thin margins, no defendable IP, and very little barrier to entry for competitors. Yes I've noticed they seem to be executing well and starting international expansion but I can't see how investors get past the first three points.
Neat. Their phones always interested me, but I recently got a pair of their headphones, which are amazing. Not just in the quality of the item itself, but the fact that they are made on the other side of the earth, and arrive at my door rather promptly for less than an hours wages. (I know that point itself isn't unique to Xiaomi, but they are exploiting it to great success)