Chinese Smartphone Maker Xiaomi Investment Raised More Than $1B And Its Valued More Than $45 Billion
Chinese Smartphone Maker Xiaomi last month xiaomi announced its fund raise up to $1.5 billion now again recently company announced its fund investment again raised more than $1 billion. Few days ago xiaomi facing a problem in indian market for importing smartphones in which xiaomi recently launched Redmi Note in India but that problem was solved now in india xiaomi again started selling its smartphone according to the government order.
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According to the MarketWatch, xiaomi now valued for more than $45 billion by this invest fund raise of more than one billion in November company was valued for $40 billion now almost 5-8 billion raise was great for xiaomi few months ago CEO of xiaomi commit that in upcoming ten year xiaomi become world largest smartphone maker company this year xiaomi was on third in world wide in smartphone making. This more than $1 billion fund raise also includes participants in the round ( Russian investment firm DST Global & Singapore sovereign wealth fund GIC) these two companies are already shareholder of xiaomi. Recently xiaomi launched its first home application in market which called Mi Air Purifier for which xiaomi team up with Midea groups which is leading company of home products in 190 counties for which xiaomi buys 1.3 percent shares of midea groups.