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

Reuters News
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Posted: Dec 29, 2014 3:34 AM

BEIJING (Reuters) - China's Xiaomi Inc [XTC.UL], 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)