By NEIL GOUGH
A new round of financing raised $1.1 billion for the company, which has become the world’s third-biggest smartphone maker by offering cheap, high-quality phones through clever online marketing campaigns.
Published: December 29, 2014 at 12:00AM
from NYT Business Day http://dealbook.nytimes.com/2014/12/29/xiaomi-chinese-phone-maker-valued-at-45-billion/

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