The 'Apple Of China' Raises Over $1 Billion, Valuation Skyrockets To More Than $45 Billion

Xiaomi has reportedly raised more than $1 billion in its latest round of funding, which brings the valuation of China's biggest smartphone maker to more than $45 billion, The Wall Street Journal reports. The funding round -- led by All-Stars Investment, a fund run by former Morgan Stanley analyst Richard Ji -- is expected to close as early as Monday.  At $45 billion, Xiaomi would be more valuable than most other Silicon Valley technology startups, including Uber, which just closed a funding ro...