Xiaomi funding to be used to launch new devices, expand to other markets

Xiaomi Mi4

Xiaomi has secured an additional $1.1 billion in funding at a valuation of whopping $45 billion.

The round was led by All-Stars Investments with participation of DST, GIC, Hopu Fund and Yunfeng Capital among others.

The fresh capital will be used to keep making great devices for everyone, according to the company’s CEO Bin Lin.

While announcing the news, he added that we’ll see the next Xiaomi flagship being announced in January. As far as we (don’t) know that could either be the Mi5 or Mi4s, the latter of which is a slightly beefed-up version of the current Mi4.

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.

So what do you expect from the next Xiaomi flagship?

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