Xiaomi raises more than $1 billion in funding, valuation in excess of $45 billion

The up-and-coming mobile handset manufacturer in China is none other than Xiaomi, and expectations are stratospheric for the technology start-up.



Xiaomi has been making quite the name for itself with an impressive line-up of affordable smartphones. Even one of its more recent releases, the Mi4, is a flagship contender with potent and current hardware, and exceptional build quality, all for under $400.



On the entry-level end of the spectrum, Xiaomi’s Redmi 1S also packs quality specs, like a Snapdragon 400, and a 720p 4.7-inch display, for under $100 in developing markets like India. ...



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