Xiaomi of china get revenue doubled in 2014

Xiaomi of china get revenue doubled in 2014

Xiaomi Mobile Phone  when launched in India.

Chinese mobile phone manufacturers, Xiaomi, said more than doubled its earnings in 2014, just a week after the company was named as the most valuable startups in the world.

The company earn 74.3 billion yuan, or about US $ 11.97 billion in sales revenue before tax last year, up 135% from 2013.

Last week, Xiaomi get funding of US $ 1.1 billion, which makes the company is now worth US $ 45 billion.

This figure exceeds the value of US $ 40 given to taxi booking app Uber previously holding a glass of the most valuable private technology companies.

The company also surpassed the sales target to sell 60 million mobile phone in 2014, which means increased by almost 20 million from the previous year.

Starting from scratch

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Chief executive and founder of Xiaomi, Lei Jun, the speaking in a conference.

The company is now planning to announce a new major appliances in January of this.

Statements made chief executive of the company, Lei Jun, the inside microblog Sina Weibo mention that the company has achieved much since the "start from scratch".

"2014 is an important milestone for Xiaomi. We start from the bottom and is now the market leader in China," said Lei. (BBC)