The low-end smartphone manufacturer has raised $90m in its series B round, with investment from Qualcomm and IDG.
China-based budget smartphone manufacturer Xiaomi Tech secured $90m in series B financing, according to a statement made by the chief executive of Xiaomi, Lei Jun, on Tuesday at an event to mark the release of the company’s MI-ONE smartphone.
Investors in the round included semiconductor and telecom corporation Qualcomm and IDG Capital, which represents technology, media and investment firm the International Data Group.
The corporates were joined by the China-based division of Singapore government-backed investment firm Temasek, private investment group…
