Xiaomi raises $1.1-bn fund, becomes world's most valuable technology startups

  • A leading smartphone maker, Xiaomi Corp, has raised more than $1.1 billion in its latest funding round, as per media reports. With this the Chinese company’s valuation would be more than $46 billion. This development has made Xiaomi Corp one of the most valuable technology startup in the world. This has placed the company above other startups. Only Facebook has been able to raise a much higher valuation from a private investor in the year 2011.

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