Economics

Xiaomi Valued At $45B: Report

Xiaomi Valued At $45B: Report

Xiaomi Inc. has been valued at $45 billion in a fresh funding round in which the Chinese smartphone maker has raised $1 billion from investors, including a fund affiliated with Alibaba Group Holding Ltd., Wall Street Journal reported, citing an unidentified person familiar with the matter. The deal might finalize as early as Monday, led by…

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