Xiaomi Corp.’s, a Chinese smartphone maker has reached the market value of $100 billion mark. It was founded by Lei Jun two years ago and the company has been looking forward to cross this mark since its listing.
Xiaomi’s stock price increased 9.1% on Wednesday at the Hong Kong stock exchange and became 13th stock in the Hang Seng Index to have a market capitalisation above $100 billion. Xiaomi closed its stock with 7.6% higher and market value of $103 billion.