Tags archives: ipo

Xiaomi, world’s third largest smartphone markers has fished in $1.1 billion in its coffer in the latest round of fund-raising which has the company valued at $45 billion, Lei Jun CEO of Xiaomi, said in a post on Weibo, China's Twitter-like Microblogging site. Xiaomi, has claimed the No.1 position in China’s smartphone market, which happens to be the largest in the world is now considered worth more than companies like Sony or Nokia and almost as much as Yahoo’s current market value Xiaomi, established in 2010, has outstripped bo...