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

[HCK]

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

Thanks to its cheap, Apple-esque devices, Xiaomi has quickly become the world’s third-largest smartphone supplier. Now all that copying is about to pay off big time: The Chinese startup is raising $1.5 billion in capital, the largest private financing deal<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/40454ad0/sc/5/mf.gif' border='0'/><br clear='all'/>

<a href="http://da.feedsportal.com/r/211597306368/u/49/f/606249/c/33797/s/40454ad0/sc/5/rc/1/rc.htm" rel="nofollow"><img src="http://da.feedsportal.com/r/211597306368/u/49/f/606249/c/33797/s/40454ad0/sc/5/rc/1/rc.img" border="0"/>[/url]
<a href="http://da.feedsportal.com/r/211597306368/u/49/f/606249/c/33797/s/40454ad0/sc/5/rc/2/rc.htm" rel="nofollow"><img src="http://da.feedsportal.com/r/211597306368/u/49/f/606249/c/33797/s/40454ad0/sc/5/rc/2/rc.img" border="0"/>[/url]
<a href="http://da.feedsportal.com/r/211597306368/u/49/f/606249/c/33797/s/40454ad0/sc/5/rc/3/rc.htm" rel="nofollow"><img src="http://da.feedsportal.com/r/211597306368/u/49/f/606249/c/33797/s/40454ad0/sc/5/rc/3/rc.img" border="0"/>[/url]

<img src="[url]http://da.feedsportal.com/r/211597306368/u/49/f/606249/c/33797/s/40454ad0/sc/5/a2.img" border="0"/>[/url]<img width="1" height="1" src="http://pi.feedsportal.com/r/211597306368/u/49/f/606249/c/33797/s/40454ad0/sc/5/a2t.img" border="0"/><img src="http://feeds.feedburner.com/~r/cultofmac/bFow/~4/JM7b7CCoY7U" height="1" width="1"/>

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