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.

| Dec 20, 2014 at 7:27 pm CST

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.

Xiaomi raising $1 billion in new funding according to latest reports | TweakTown.com

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."

Last updated: Jun 16, 2020 at 04:29 pm CDT

NEWS SOURCE:androidcentral.com

ABOUT THE AUTHOR -

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Related Tags