Tech research firm Canalys revealed that Chinese smartphone maker Xiaomi reclaimed its crown as the leading smartphone vendor in China in the second quarter this year, while Apple dropped to third place.
Xiaomi took its first steps outside of Asia after launching its business in Brazil.
Mark Zuckerberg reportedly met with Xiaomi Inc CEO Lei Jun to discuss a possible investment by Facebook into the Chinese company ahead of its $1.1 billion funding round in December.
Chinese smartphone maker Xiaomi’s latest valuation has soared to US$45 billion after securing US$1.1 billion in additional funding, according to the company’s president and co-founder Bin Lin.
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