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Xiaomi secures $1B loan to expand its international presence and offline retail footprint

Xiaomi secures B loan to expand its international presence and offline retail footprint



 Chinese smartphone maker Xiaomi has secured a $1 billion loan in order to develop its international focus and build out its offline sales presence. The company revealed today that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint global coordinator, with Bank… Read More



Source: techCrunch

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