同济大学 Entrepreneurial Finance in China TONGJI UNIVERSITY A Successful Story: Xiaomi-The fastest Chinese company to reach 10 billion USD valuation n SeriesA 41m $ MorningSide. co-founded Declared to Temasek,IDG MI-1 Phone by 7 partners value USD Qiming, Qualcomm Announced Declared to 2010 250m 201 value USD Jun.6 Aug.16 1b SeriesB 90m $ SeriesC 216m $ MorningSide, Digital Sky Qiming,Shunwei Dec.20 MI-2 Phone Technologies Declared to Temasek,IDG. Announced etc. value USD Qualcomm Aug.16 4b 201 Jun.6 n米 MI-3 Phone Android-based Announced 3D-capable 2013 Smart TV Declared to SeriesD Finished value USD 10b 2014 International Sep.5 Sep.5 ExpansionA Successful Story: Xiaomi - The fastest Chinese company to reach 10 billion USD valuation Entrepreneurial Finance in China 2010 Jun.6 co-founded by 7 partners Declared to value USD 250 m SeriesA 41m $: MorningSide, Temasek, IDG, Qiming, Qualcomm 2011 Aug.16 MI-1 Phone Announced Declared to value USD 1b Aug.16 MI-2 Phone Announced 2013 Sep.5 Android-based 3D-capable Smart TV Sep.5 MI-3 Phone Announced Declared to value USD 10b SeriesD Finished 2014 International Expansion SeriesB 90m $: MorningSide, Qiming, Shunwei, Temasek, IDG, Qualcomm Dec.20 2012 Declared to value USD 4b SeriesC 216m $: Digital Sky Technologies etc. Jun.6