Xiaomi valued at over US$45 Billion. New flagship to be announced in Jan 2015

Xiaomi has experienced tremendous growth this year and they have increased its foothold in several new markets including Malaysia, India, Singapore, Indonesia and the Philippines. Last week, they had successfully raised US$1.1 billion in funding, led by All-Stars Investment and it also includes the likes of DST, GIC, Hopu Fund and Yunfeng Capital. For a company that’s only 4 years old, things are moving quickly for the Chinese brand considering it was valued at US$10 billion in its previous round of funding in August 2013.

In the same announcement, Xiaomi Co-Founder and President Bin Lin has also shared that a new flagship device will be announced in January 2015. This is likely to be its new Mi 5 that’s expected to be revealed at the upcoming CES event next week.

The specs have been rumoured to be a larger 5.5″ device with a Quad HD display and it should be on par with other flagships with a Snapdragon 805 processor that’s mated to 3GB of RAM. Some have also speculated that it could carry a higher pixel count 20.7MP camera and fingerprint scanning capabilities like their rival Meizu MX4 Pro.

Check out some alleged leaked Mi 5 photos after the break.

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