Xiaomi Completes New Funding with USD 10 Bln Valuation
Sina Tech, 8/22/13
Lei Jun, CEO and Chairman of Beijing-based Android handset developer Xiaomi, has confirmed on his personal microblogging account that Xiaomi has completed a new round of funding valuing the company at USD 10 bln. Xiaomi will reportedly announce further details of the funding at the company's September 5 product launch conference.
Editor's Note: For more background on this topic, please see "Rumor: Fourth-Round Funding Values Xiaomi at USD 10 Bln" MD 7/16/13 issue.
Keywords: Lei Jun handset funding valuation wireless Xiaomi smartphone
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