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Xiaomi in talks to raise USD 1.5 bln in new funding - report

2014-11-07 09:29:00| Telecompaper Headlines

(Telecompaper) Xiaomi is in talks to raise USD 1.5 billion in new funding, the Financial Times reported, saying the capital would put the company's valuation at over USD 40 billion. The company is in talks with a number of investors including Russia's DST, but negotiations have not yet been finalised, sources familiar with the matter said. Xiaomi declined to comment on its fundraising plans.

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