Xiaomi has completed its latest round of funding, raising $1.1 billion, at a valuation of $45 billion. Funding at this level was reported a couple of weeks ago, and as the report said, the funding was led by All-Stars Investments.
In a statement, Xiaomi president Bin Lin said that the company will continue towards its goal of making high-quality devices for everyone. Lin also said that they would debut their next flagship device, expected by many to be called the Mi 5, in January 2015:
We just completed the latest round of funding last week, raising US$1.1 billion at valuation of US$45 billion. Investors include All-Stars Investment, DST, GIC, Hopu Fund and Yunfeng Capital among others. This is an affirmation of Xiaomi's stellar results in four years, and heralds a new phase for the company.We will strive to continue bringing innovation to everyone, with a goal of producing high-quality, high-performance devices with great user experience. In January 2015, we will be unveiling our next flagship device. Big thanks to all Mi fans, business partners and investors for your strong support.
Source: Bin Lin on Facebook
