China’s Xiaomi is now worth a whopping $45 billion

The up-and-coming mobile handset manufacturer in China is none other than Xiaomi, and expectations are stratospheric for the technology start-up. Xiaomi has been making quite the name for itself with an impressive line-up of affordable smartphones. Even one of its more recent releases, the Mi4, is a flagship contender with potent and current hardware, and exceptional build quality, all for under $400. Xiaomi has already surpassed Samsung’s shipment volume in China, and while no future is guaranteed, we can expect to see the new smartphone darling of China to continue expanding.