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Xiaomi, suddenly the world’s most valuable startup, raises $1.1B

There’s apparently no stopping Xiaomi’s ascent. The Chinese smartphone maker, which has been on a tear over the last four years, has raised $1.1 billion in venture capital funding, giving it a valuation of $45 billion. Bin Lin, Xiaomi co-founder and president, posted the news Monday on Facebook.

from TechSnobs http://www.cnet.com/news/chinese-smartphone-start-up-xiaomi-raises-1-1b-for-45b-value/#ftag=CAD590a51e

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