Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

 Search News  Or
Chinese smartphone maker Xiaomi secures US$216 mln investment

Jun. 28, 2012 (China Knowledge) - Chinese smartphone manufacturer Xiaomi Corp has got its third round of financing worth US$216 million, thus increasing its valuation to US$4 billion, said President Lei Jun on Tuesday, sources reported.

Lei said the funding came from leading international investment firms, without disclosing further details about the investors.

Xiaomi, which began to sell smartphones in October last year, has no plans to go public over the next five years, added Lei.

The company has sold 3 million Xiaomi smartphones so far and expected its sales to reach 5 million units by the end of this year.

The smartphone maker secured its first round of financing of US$41 million from Morningside, Qiming Venture Partners and IDG Capital in late 2010. In December 2012, the company completed its second round of financing worth US$90 million, with investors including Qiming Venture Partners, IDG Capital, Temasek Holdings.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved