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Xiaomi Raises $1.1B

By TechTaffy Desk

Xiaomi

Chinese smartphone manufacturer Xiaomi has raised $1.1 billion in a round of funding. The latest investment pegs the company at a valuation of roughly $45 billion. Investors in the round include All-Stars Investment, DST Global, Hopu Investment Management, and Yunfeng Capital, along with Singapore-based GIC. Other Xiaomi backers include Temasek, Qiming Venture Partners, and Morningside Venture Capital.

[Image courtesy: Xiaomi]

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