Chinese smartphone upstart Xiaomi Corp. doesn't need to raise additional cash to fund its expansion and plans to take a slow approach to expanding in the U.S., an executive said.
At the consumer electronics expo CES in Las Vegas, Xiaomi's Chief Financial Officer Shou Zi Chew dismissed speculation that the Beijing-based firm could be raising additional funds in response to a challenging year in which Xiaomi has lost smartphone market...
Source: China's Xiaomi Dismisses Fundraising Speculation After Challenging Year
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