Xiaomi the money: Apple copycat raises record $1.5 billion in funding

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Xiaomi the money: Apple copycat raises record $1.5 billion in funding

Xiaomi has quickly become the world’s third largest smartphone supplier, thanks to its cheap Apple-esques devices, and all that copying is about to pay off big time. CNBC reports that the Chinese startup is raising $1.5 billion in capitol, the<span class="ellipsis">…</span><div class="read-more">Read more ›</div><!-- end of .read-more --><img width='1' height='1' src='http://cultofmac.com.feedsportal.com/c/33797/f/606249/s/40445dc4/sc/15/mf.gif' border='0'/><br clear='all'/>

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Source: Xiaomi the money: Apple copycat raises record $1.5 billion in funding