China’s Start-Up Boom

LUWEI XIONG explains the start-up craze that has taken root in China’s internet services industry. Today, Xiaomi, a Chinese electronics company, launched its newest smartphone model, Mi Note 2. Founded six years ago in Beijing, Xiaomi now sits atop the Chinese cell phone market, competing with global companies like Apple and Samsung. Moreover, Xiaomi ranks number two after Uber on Fortune’s “Unicorn List,” a compilation of … Continue reading China’s Start-Up Boom