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Xiaomi Lands USD 90 Mln in New Funding

Netease Tech, 12/20/11

Lei Jun, chairman of the board of directors and CEO of Beijing-based Android handset developer Xiaomi, revealed today at an event marking the release of an operator-customized version of its MI-ONE smartphone for China Unicom (NYSE: CHU; 0762.HK; 600050.SH), that the company has received a new round of USD 90 mln in funding, bringing Xiaomi's current total funding to USD 131 mln. Read More