According to informed sources from DoNews, Xiaomi’s mobile phone will announce financing details at a press conference held on December 20 at the Beijing National Convention Center. Sources have informed that the amount of financing is about US$250 million.
According to sources, Xiaomi Technology’s previous $41 million in July was spent on the development of Xiaomi’s mobile phone, team building, and operations. It was reported a month ago that Xiaomi had already experienced financial shortages.
According to Xiaomi company's staff, Xiaomi technology chairman Lei Jun will publicize the financing details at the press conference held on the afternoon of the 20th.
According to industry insiders, Xiaomi now hopes to get China Unicom’s 100 million yuan purchase fund instead of financing, because now Xiaomi wants to get financing is not a smooth thing, 100 million yuan is not a small amount, considering The profit of Xiaomi’s mobile phone is not high, and it is unlikely for investors to expect a return from the profit of Xiaomi’s mobile phone, because the return cycle will be very long.
The source said that taking into account Lei Jun’s contacts and relationships in the investment circle, the financing may not be as much as 250 million, and tens of millions of financing may still be possible.
Xiaomi did not respond to the rumor when interviewed by reporters.
According to sources, Xiaomi Technology’s previous $41 million in July was spent on the development of Xiaomi’s mobile phone, team building, and operations. It was reported a month ago that Xiaomi had already experienced financial shortages.
According to Xiaomi company's staff, Xiaomi technology chairman Lei Jun will publicize the financing details at the press conference held on the afternoon of the 20th.
According to industry insiders, Xiaomi now hopes to get China Unicom’s 100 million yuan purchase fund instead of financing, because now Xiaomi wants to get financing is not a smooth thing, 100 million yuan is not a small amount, considering The profit of Xiaomi’s mobile phone is not high, and it is unlikely for investors to expect a return from the profit of Xiaomi’s mobile phone, because the return cycle will be very long.
The source said that taking into account Lei Jun’s contacts and relationships in the investment circle, the financing may not be as much as 250 million, and tens of millions of financing may still be possible.
Xiaomi did not respond to the rumor when interviewed by reporters.
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