Global EditionASIA 中文双语Français
Home / Business / Companies

DJI seeks new round of financing with company value of $15b

By Yang Yang | | Updated: 2018-03-21 14:15
Share - WeChat
Visitors take pictures of a DJI Phantom 4 Quadcopter at Photokina, the world's largest fair for imaging in Cologne, Germany. [Photo/Agencies]

Dajiang Innovation Technology Co (DJI), the world's largest commercial drone-maker, seeks new round of financing with a company value of $15 billion, Tencent Tech reported Tuesday.

The Shenzhen-based company is in discussions with a potential investor for an investment worth between $500 million and $1 billion, but the details of the deal are not yet settled, according to the report.

"This round of financing is probably a combination of equity and debt financing," the report says, citing an insider who is familiar with the deal.

Up to now, this is also the largest round of financing for DJI, according to the insider.

DJI, the world's leading innovator in drone-making, secured a $75 million investment from venture capital firm Accel Partners with a company value at $10 billion in 2015.

The company reported 18 billion yuan ($2.83 billion) in revenue last year, up 80 percent from a year earlier, but the achievement was eclipsed by the 300 percent growth in 2014 and 100 percent in 2015.

DJI showcased its new mini drone Mavic Air in Shanghai early this year and is looking to develop more industrial applications, even as it continues to consolidate its lead in the consumer drone market.

The company claims that nearly 80 percent of its sales come from the overseas market, but China is its fastest growing market.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349