Xiaomi secures $1 billion loan for global retail expansion

Xiaomi has secured a whopping $1 billion loan to expand globally and increase its retail footprint. The Chinese smartphone maker has revealed 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 of China (Hong Kong) … Continue reading "Xiaomi secures $1 billion loan for global retail expansion"

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