Comment on Xiaomi Valued at US$45 Billion in Billion Dollar Investment by Xiaomi Unveils Budget Smartphone RedMi 2, Announces 61M Annual Shipment in 2014 - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-12-29 00:00:00

Chinese smart device and software developer Xiaomi today announced it had received US$1.1 billion in a new round of funding, at a US$45 billion valuation. The valuation makes Xiaomi the fourth largest tech company in China, after Alibaba Group, Tencent and Baidu. Morningside Ventures led the first three rounds. In June 2012 Xiaomi announced US$216 million financing led by Morningside Ventures, at a valuation of US$4 billion. It was reported in September 2013 that DST injected an undisclosed amount of funding, valuing Xiaomi at US$10 billion (via Tencent Tech Channel).