Chinese smartphone maker Xiaomi Corp. is now officially the world’s most valuable tech startup, worth $46 billion—the exclamation point on a year of extraordinary valuations.
Valuations placed on tech startups world-wide stretched to record heights in 2014 and accelerated at an exceptional pace, even when compared with the late 1990s dot-com boom.
Image: Lei Jun, founder and CEO of China's mobile company Xiaomi Corp., which venture-capital investors value at $46 billion. REUTERS
