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Xiaomi Said to Seek Funds at About $50 Billion Valuation

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Xiaomi Corp. is in talks for a funding round that values the smartphone maker at about $40 billion to $50 billion, people familiar with the matter said.

The discussions are at an early stage and nothing is finalized, said the people, who asked not to be identified because the matter is private. The world’s third-biggest smartphone maker had a financing round in August 2013 that valued the company at $10 billion.