Xiaomi certainly wasn’t the first smartphone company to unashamedly copy Apple, but it likely did the most thorough job of it following the company’s launch back in 2010. At one point, the Chinese smartphone startup even had a man in a black mock turtleneck and jeans unveil a new smartphone on stage as a press conference. The tech media pointed and laughed, but Xiaomi laughed all the way to the bank — the company’s valuation climbed to as high as $46 billion in late 2015, and it has enjoyed faster growth than any other smartphone maker in recent years.