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July 28, 2017 03:51 am GMT
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-yearsyndicated loan agreement from 18 banks acrossEurope, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley servedas joint global coordinator, with Bank… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rK0u86kUKqY/
Xiaomi secures $1B 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-yearsyndicated loan agreement from 18 banks acrossEurope, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley servedas joint global coordinator, with Bank… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/rK0u86kUKqY/
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