| China’s top smartphone seller Xiaomi Corp. is raising more than USD 1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion. It was being led by tech investment fund All—Stars Investment and also involved were current shareholders Russian investment firm DST Global and Singapore sovereign—wealth fund GIC, the report said.
Private—equity firm Yunfeng Capital which is affiliated with Alibaba Group Holding Ltd. chair Jack Ma, was also taking part...............................................Full Article: Source
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