The size of a company can also be seen from how it manages to grow its subsidiaries, as in the case of Xiaomi that by financing Huami has managed to make it China's leading wearable gadget company, which yesterday was quoted on the stock exchange in New York for a value of 110 million dollars.
Fresh from having launched its famous Amazfit BIP in the USA this week, Huami has joined the NYSE with the HMI symbol, closing its first day of trading slightly higher with a value of 11,25 dollars per share respect the starting 11s. Many know Huami thanks to the AmazFit devices but especially for the more famous Xiaomi Mi Band 2 which has decreed the cooperation between the two companies. Also Xiaomi is preparing to become public with a valuation of up to 100 billion dollars and with Huami has already laid the first bases considering that it is Huami's shareholder for 19,3% plus additional 20,4% deriving from the Shunwei Capital company, belonging to Lei Jun, CEO of Xiaomi.
Huami said he had sold over 45 millions of devices since its foundation occurred in the 2013, considering that the company shipped 11,6 millions of devices only during the first nine months of the 2017. Recall that an IDC report has classified Xiaomi (but actually deriving from the Huami brand) as the biggest seller in the industry along with Fitbit. From the commercial point of view, Huami has registered a profit of 14 million dollars for the first nine months of the 2017 on a total turnover of 195 million dollars. Really good numbers considering the young age of the company, although for the expert economics, Huami's profit is only a mirage as it reflects the sister company Xiaomi disguised as an independently owned company, but if Huami really were it would not be as profitable.
To this statement Huami replies that plans to use the money for investments in products and technology but to increase sales the investment will also involve marketing, but acquisitions of companies for the implementation of development on the territory are not excluded. Perhaps a prelude to the IPO entrance of Xiaomi, which apparently has already contacted CLSA, Goldman Sachs and Morgan Stanley to manage the listing, which should occur in the second half of the 2018.
