GIC joins Xiaomi’s $1b funding round

GIC joins Xiaomi’s $1b funding round

China’s leading smartphone maker Xiaomi Corp has raised $1 billion in a new funding round, that values it at $45 billion, and the latest financing round was led by All-Stars Investment Ltd and included PE firm Hopu Investment Management Co, Yuri Milner’s DST and Singapore’s sovereign wealth fund GIC Pte, media reports said.

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