Xiaomi Revenues Were Flat in 2015
Xiaomi, the Chinese smartphone maker and second highest-valued startup in the world at $45 billion, barely grew sales at all last year.
Revenue for 2015 reached 78 billion yuan ($12.5 billion), a 5% rise from 2014’s 74.3 billion yuan, a person in the company's public affairs office said for the first time over the weekend. Taking into account the falling value of the Chinese currency, the yuan, sales rose 3% in U.S. dollar terms.