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Xiaomi raising $1 billion in new funding according to latest reports

Chinese smartphone giant Xiaomi reportedly raising $1 billion in its latest round of funding
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Dec 21, 2014 1:27 am

It looks like Xiaomi is raising more funds, with the Chinese smartphone giant reportedly raising over $1 billion in a fresh round of funding that could be finalized on Monday.

 

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The latest injection of cash is reportedly led by All-Stars Investment, which is run by a former analyst of Morgan Stanley, Richard Ji. The Wall Street Journal has its usual unnamed sources who claim "Other participants in the round include Russian investment firm DST Global and Singapore sovereign-wealth fund GIC, which are both already shareholders of Xiaomi."

NEWS SOURCES:Androidcentral.com

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