Series C round comes in at a $4bn valuation.
Xiaomi, a China-based smart phone manufacturer backed by Qualcomm and IDG Ventures, has raised $216m in its series C round at a $4bn valuation. Investors in the C round were undisclosed.
However, in December, Xiaomi raised $90m in its B round from chip maker Qualcomm and IDG Capital, the local corporate venturing unit of US-based publisher International Data Group.
The corporations were joined by the China-based division of Singapore government-backed investment firm Temasek, private investment group Morningside Ventures, venture capital…
