Xiaomi is said to raise more than $1 billion in its latest round of funding, according to reports from WSJ and Bloomberg. The latest funding comes from All-Stars Investment, DST Global and Singapore sovereign-wealth fund GIC, says the report. Back in November the company said to have raised $1.5 billion in funding. Recently there were reports that the company is valued over $40 billion. New reports say that Xiaomi is valued at more than $45 billion looking at the latest funding.
Continue reading “Xiaomi raising $1 billion in latest round of funding: Report”