China’s DJI is the world’s largest consumer drone manufacturer. In 2014, it posted sales of around $500 million and is now valued at a $10 billion following an April investment round.
2006 – Frank Wang, founded DJI and owns about 45%, worth about $4.5B.
2008 – DJI begins sales in Chinese markets.
2009 – DJI begins sales in markets outside China with a revenue of more than $500K.
2012 – Revenue of more than $26M.
2013 – DJI Phantom released. Retails for $679.
2014 – Revenue of more than $500M.
2015 – DJI in talks to raise money at a $10B valuation with a projected revenue of $1B.
By Ryan Mac
Image Credit Forbes