Valued at $45 bn, Xiaomi raises $1.1 bn in fresh funding

Beijing: China’s Xiaomi Inc, one of the world’s fastest-growing smartphone makers, has raised $1.1 billion in a round of funding that values the privately held company at $45 billion, Chief Executive Lei Jun said Monday on social media.

Investors include private equity funds All-Stars Investment, DST Global, Hopu Investment Management, and Yunfeng Capital, as well as Singapore sovereign wealth fund GIC, Lei said on Weibo.

Reuters