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New King of Tech Startups: Xiaomi Raises $1.1 Billion at $45 Billion Valuation

Reported by Anna Abrell on Dec 31, 2014 8:37:00 AM
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"Xiaomi has said it has closed a massive $1.1 billion round of funding that values the fast-growing Chinese phone maker at a jaw-dropping $45 billion, pre-money. The huge amount makes it the most highly valued tech startup in the world, besting a recent whopping valuation of Uber at over $40 billion."

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Decoded Fashion - Fashion Tech Daily - Xiaomi

 

Topics: startups, Xiaomi, Uber, Fashion Tech Daily, Funding

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