China's Xiaomi raises $1.1 billion from investors at $45 billion valuation

BEIJING (Reuters) - China's Xiaomi Inc , one of the world's fastest-growing smartphone makers, has raised $1.1 billion in a round of funding that values the privately held company at $45 billion, Chief Executive Lei Jun said Monday on social media. Investors include private equity funds All-Stars Investment, DST Global, Hopu Investment Management, and Yunfeng Capital, as well as Singapore sovereign wealth fund GIC, Lei said on Weibo. (Reporting by Gerry Shih)

via Tech News Headlines - Yahoo News http://news.yahoo.com/chinas-xiaomi-raises-1-1-billion-investors-45-083401595.html