Xiaomi’s acquisitions are in the spotlight, after the company borrowed US$1 billion from financial institutions, reports the Wall Street Journal, and, according to the Financial Times, is raising US$1.5 billion in a new round of funding. Money has never been a problem for Xiaomi. In June 2012 the company announced US$216 million of funding, at a valuation of US$4 billion, and would announce another round in August 2013 that valued it at US$10 billion.

Xiaomi, its subsidiary investment companies and Xiaomi CEO himself have invested or acquired a variety of Chinese tech companies, from smart gadget makers to pre-IPO companies, along the way. And recently the company flexed its credit card and began another shopping spree.

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Tracey Xiang

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