The name Xiaomi was splashed across headlines last week because the Chinese smartphone maker was reportedly seeking $1.5 billion in fresh funding that would value it at over $40 billion. That means the company, little known in the West, would be awarded twice the valuation of Sony and 2.5 times that of Lenovo Group. PC manufacturer Lenovo generates more than $40 billion a year in sales, compared with the $13 billion expected this year for Xiaomi. Could the privately held smartphone company conceivably be worth that much? Yes, if you look at its sales trajectory and growth potential in emerging markets.
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