Partner billionaire Usmanov said Xiaomi promising Apple




Businessman Alisher Usmanov, who owns shares in USM Holdings, in March last year sold the shares of Apple . Russia’s richest man plans to increase its investment portfolio in the proportion of Chinese assets. Currently Xiaomi shows the highest growth in the smartphone market, so the choice fell on the company.


In an interview with ” snob “partner Usmanov at USM Holdings Ivan Streshinskiy explained why he believes Xiaomi promising Apple, and why get rid of holding shares manufacturer iPhone.

“We believe in the American market, but we can not earn anything. If we bought shares at a good price and we have a good income, do not skimp, you need to sell.

There are investment cycle and such a thing as “liquidity”. That is, relatively speaking, I have a choice: I earned a tenfold to one company, and I have another company in which I can earn 10-15 times more. So I’d better selling something on what has already earned, even if this company will grow two times, “- he explained the decision.

Earn 10-15 times more Usmanov plans on assets in Asia:

“All that you have done well in Asia, especially in China, brings a disproportionate amount of money because more people live there – this is obvious. Therefore, the main task – to find the right company and the people who can lead this company forward. These companies do not have much. We have relied on these companies because they are led here people: Jack Ma in Alibaba, Richard Liu, Xiaomi founder Lei Jun.

Who heard about the company Xiaomi three years ago? No, because it was not a significant player in the market. But today is the number one company in China, and the number three in the world. In just two or three years, such progress. The founder of this company Lei Jun – a very charismatic person, it is called Chinese Steve Jobs “- said Streshinskiy.

According to the businessman, Apple has difficulty in “a loss of focus.” “They started with the iPod, then went phones – first on one model per year, then two, then appeared iPad, and now – watch. It can grow in such a way that the user will suffer what to choose. But what they have done is absolutely brilliant – an ecosystem in which everything is concentrated. Jump off of this ecosystem is very difficult, “- said partner Usmanov.

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