Xiaomi Hits A Crossroads Between Growth And Potential Write Downs

Forbes:

"China’s smartphone sensation Xiaomi may be at risk of living out the saying that the bigger they are, the harder they fall, at least when it comes to valuations. This time last year, billionaire Lei Jun’s company raised a remarkable $1.1 billion from from a group of five Asia-based investors that valued Xiaomi at $45 billion. Given where Xiaomi’s business is now, just 12 months later, that number looks too high."