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Sovereign Wealth Funds Briefing - Categorized | Investment

China’s Xiaomi raises $90 mln in B-round funding from Temasek and others

Posted on 23 December 2011

Chinese low-end smartphone maker Xiaomi has received $90 million in B-round venture capital funding from investors such as IDG Capital, Temasek Holdings and Qualcomm Inc, the 21st Century Business Herald reported on Wednesday.
The latest round of financing values Xiaomi at $1 billion, the paper reported, quoting the firm’s founder Lei Jun………………………………………..Full Article: Source


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