Xiaomi to seek funding round that could value smartphone maker at up to $50 billion | 9to5Google

Xiaomi to seek funding round that could value smartphone maker at up to $50 billion | 9to5Google: "Bloomberg on Tuesday, citing sources familiar with the matter, reports that Chinese smartphone maker Xiaomi is in talks to hold a funding round that could value the smartphone maker at between $40 billion to $50 billion. The news arrives just days after it was reported that Xiaomi overtook LG to become the world’s third-largest smartphone maker."

China is a world unto itself.