Xiaomi hits 45B valuation, raises 1B

So many Bs. According to the Wall Street Journal, xiaomi just raised another 1 billion in its latest financing round to hit a valuation of 45 billion. HONG KONG—Xiaomi Corp. is raising more than $1 billion in its latest round of funding, valuing the fast-growing Chinese smartphone maker at more than $45 billion and making the company one of the most valuable technology startups in the world Techcrunch has this to say: The WSJ’s report of Xiaomi’s latest fundraising and valuation follows confusion over exactly how much money…
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Xiaomi’s $419 Mi3 sells out in 2 minutes

Our first sale of Xiaomi Mi 3, all sold in 2 minutes! Thanks for the support, Mi fans! We'll be bringing in more stock for both Mi 3 and Redmi soon. Stay tuned for our announcement.   This phone does not have 4G LTE capability The mi3 is close to the nexus 5 and samsung galaxy s4, but without 4g lte. The previous $169 redmi is close to the samsung galaxy s3, but also without 4g lte.  
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Xiaomi’s $169 Redmi sells out in 7 minutes in Singapore, Asia

Xiaomi is known for their marketing technique in China where they will sell a model at very limited supply so it goes out of stock in a minute or a few minutes, thus making the news. It has built quite a branding and name for itself (their fans are called mifen, so perhaps the local equivalent would be beehoon), and has recently expanded to Singapore (Singapore's SWF Temasek holdings, being one of its shareholders) Redmi is their entry offering at $169, which is a smartphone without 4g or…
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