Xiaomi will close a new round of funding by the end of this month, at a valuation bigger than $9 billion, Huxiu, a local business news platform, reported yesterday.

By now the company has raised three rounds, according to former reports,

  1. $41 million in Series A was closed at the end of 2010, with $30 million from Morningside, Qiming Ventures, and IDG, and $11 million from 56 Xiaomi employees, at a valuation of $250 million.
  2. $90 million in Series B was closed in December of 2011, at a valuation of $1 billion. This round was contributed by Temasek Holdings, SHUNWEI and Qualcomm, and existing investors, Morningside, Qiming Ventures, and IDG.
  3. Valued at $4 billion, the company announced $216 million new funding in June 2012.

The Android phone and accessory company announced its latest sales numbers yesterday, reportedly going to launched a couple of new gadgets, a tablet called MiPad and a Smart TV, next month.

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com

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