Venture-Backed Xiaomi Sold 61.1M Smartphones In 2014

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Beijing-based Chinese smartphone maker Xiaomi Inc., backed by numerous venture and private equity investors, sold 61.1 million smartphones and recorded pre-tax sales of RMB74.3 billion (US$12 billion) in 2014, up 227% and 135% over a year earlier, respectively, according to a posting on the official Weibo account of Xiaomi’s founder and CEO Lei Jun.

China Money Network

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