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 cements its status as one of the world's most valuable private technology companies at a valuation of $45 billion. Investors include private equity funds All-Stars Investment, DST Global, Hopu Investment Management, and Yunfeng Capital, as well as Singapore sovereign wealth fund GIC, Chief Executive Lei Jun said Monday on Weibo, confirming earlier media reports. ...

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