Xiaomi Said to Raise About $1 Billion in New Funding
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Xiaomi Corp. raised about $1 billion in a new funding round that values China’s largest smartphone vendor at $45 billion, according to a person familiar with the matter.
The financing was led by All-Stars Investment Ltd. and included Yuri Milner’s DST and GIC Pte, the person said, asking not to be identified because the details are private. Joy Han, a spokeswoman for Beijing-based Xiaomi, declined to comment in an e-mail.