Last week was the fifth round of fundraising by the firm and raised USD
1.1 billion, Lei said in an entry posted on microblogging site Sina
Weibo.
Investors in the company's latest round of financing included All-stars, DST, GIC, Hopu Investment and Yunfeng Capital.
The results have demonstrated investors' recognition of Xiaomi's achievements after more than four years of ventures and will open a new chapter for the company's development, Lei was quoted in the state-run Xinhua news agency as saying.
Lei also said Xiaomi will unveil a new heavyweight flagship product in January, without disclosing further details.
Investors in the company's latest round of financing included All-stars, DST, GIC, Hopu Investment and Yunfeng Capital.
The results have demonstrated investors' recognition of Xiaomi's achievements after more than four years of ventures and will open a new chapter for the company's development, Lei was quoted in the state-run Xinhua news agency as saying.
Lei also said Xiaomi will unveil a new heavyweight flagship product in January, without disclosing further details.
Source: Gadget Reviews India and view more Automotive News
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