Saturday, November 8, 2014

Xiaomi the money: Apple copycat raises record $1.5 billion in funding

Xiaomi is about to become a $40 billion company. Photo: Xiaomi Xiaomi has quickly become the world’s third largest smartphone supplier, thanks to its cheap Apple-esques devices, and all that copying is about to pay off big time. CNBC reports that the Chinese startup is raising $1.5 billion in capitol, the largest private financing deal of since Facebook in 2011. Negotiations haven’t been finalized, but investors



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