A person close to Xiaomi's IPO intermediary previously revealed to the media that according to the current information, Xiaomi's valuation is at least about 70 billion US dollars, which may exceed 654.38+000 billion US dollars in the short term after listing.
In this way, Xiaomi is expected to become the largest IPO in the history of Hong Kong, and it will also become the world's largest technology new share this year.
Lei Jun, chairman of Xiaomi Company, mentioned in an open letter that Xiaomi is an Internet company with mobile phone, intelligent hardware and Internet of Things platform as its core, which also revealed the main business structure of Xiaomi Company.
According to the published prospectus, Xiaomi Company has an operating income of 2011462 million yuan and an operating profit of1221500 million yuan, with an annual loss of 43.89 billion yuan.
Among them, the sales revenue of smart phones was 80.57 billion yuan, which contributed most of the company's total revenue, accounting for about 70.3%; The income from the Internet of Things and consumer products was 23.44 billion yuan, accounting for about 20.5%; Internet service revenue was 9.89 billion yuan, accounting for about 8.6%.
It is Xiaomi's unique business model that helped Xiaomi grow from a startup to a current technology giant in just eight years.